Case Study: The Stonewall Group Acquires KSQ Design

“We are excited for the opportunity to partner with Armand and David to help them serve their clients and employees while maintaining the legacy of KSQ.”

Ben Moody, Co-Founder & CEO, The Stonewall Group

Axial Members

Member Type	Holding Company	Business Broker
Axial Member Since	2023	2011
Headquarters	Lafayette, LA	Omaha, NE
Axial Closed Deals	1	3
Axial Profile	View Profile	View Profile

Acquired Business

Location: Tulsa, OK

Description: KSQ Design began in 1988 as Lotti Krishan Architects Inc. to provide design services for a large firm in Tulsa, Oklahoma, with multiple national clients. Today, KSQ remains HQ’d in Tulsa with satellite offices in New York. The firm’s architectural work includes Higher Education, Mixed-Use & Multi-Family, K-12 Education, Commercial, Healthcare, Sports & Recreation, Entertainment, Greek Housing, and Residential.

Reason for exit: Looking to reinforce the firm’s financial foundation, expand its national services, and open new markets to position KSQ for continued growth.

Website  |  LinkedIn

The Stonewall Group is a 10-person platform company based in Lafayette, Louisiana, focusing on partnering with and growing Architectural and Engineering firms across the United States.

In June of 2023, Stonewall joined Axial to support their deal-sourcing efforts in the architecture & engineering space. Less than one year later, Stonewall closed its first deal on Axial when it acquired Tulsa-based architecture firm KSQ Design.

KSQ, which was looking for growth capital to bring the firm to the next level, enlisted the support of Cortney Sells, President of The Firm, late in 2022. An Axial member since 2011, The Firm is a six-person business broker based in Omaha, NE. After a very deliberate marketing process by The Firm, they finally found the right partner for KSQ in late 2023 and signed an LOI with Stonewall at the start of 2024.

After a ~90-day deal process, the Stonewall-KSQ partnership was closed in May 2024.

Deal Data