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Financially Distressed Designer EYP Group Seeks Bankruptcy Protection

May 4, 2022

Via: ENR

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.

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