Since 2016, EYP Group Holdings has completed design work on numerous prestigious health care and educational projects. Founded in 1972, the Albany, N.Y.-based architecture and engineering practice originally named Einhorn, Yaffee & Prescott was by all appearances a success, with deep contacts in its home state and good relationships with clients in other areas of the country.
Behind the scenes, however, the employee-owned company has been in financial distress, with $149 million of debt, much of it owed to a bank and numerous former managers and staff, according to court documents.