Explaining the reasoning behind the merger, Mithun president Dave Goldberg said, “Finding such strong design talent and fit with Craig and Ming is remarkable, and we are very excited about the positive impact we will be able to make together in Southern California and beyond.”
But don’t think this is a path toward early retirement for Hodgetts and Fung, who have been practicing together for over 35 years. Hodgetts explained that the merger is, in fact, the opposite of that, saying, “Some well-established firms look for a merger as an exit strategy, but this is a re-entry strategy for me, Ming, and our firm to expand to a much larger stage which, quite frankly, is not readily available to a smaller practice.” Fung added to the sentiment, saying, “We have been approached to join other firms before, but from the very first conversation, it was clear we had a lot in common with Mithun in design approach and studio culture.”
With the merger, the firms will share a name in Los Angeles—Mithun | Hodgetts + Fung—for now, but that could change in a few years as the new entity becomes more established.
The union will give HplusF the “right muscle” to go after more employee-heavy housing-focused projects, Hodgetts explained, an interest the firm has always wanted to explore but has so far been unable to fully undertake until now. With local and state governments, especially in California, stepping up their efforts to rein in housing costs through new construction, housing of all types is set undergo drastic expansion on the West Coast in coming years. In exchange, Mithun will gain access to diverse culturally-driven clients, a realm the growing, design-focused firm has been hungry to enter itself.