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Pond, Robinson & Associates, a leading provider of engineering, architectural, and construction consulting services based in Frisco, has announced the appointment of Michael Raybon and Justin Lia as co-presidents.
This addition to the leadership structure supports PR&A’s commitment to sustained growth and enhanced service offerings in response to evolving industry demand, company officials and investors said. PR&A’s new client projects increased 92% last year, according to a press release.
Pond, Robinson & Associates works nationwide to help large property owners evaluate commercial real estate before they buy or develop it. They provide engineering and architectural expertise to ensure the properties meet their needs.
PR&A is a part of Coltala, a holding company based in Fort Worth.
"We are thrilled to enter this new phase of growth with such a talented and visionary leadership team at the helm," said Edward Crawford, co-founder of Coltala in a statement. "Mike, with 25 years at PR&A, has driven the culture of top quality and technical engineering expertise, and Justin brings an expansive knowledge of transaction and asset management support.”
Raybon has been the company’s president and managing principal.
Under the direction of its new paradigm of leadership, PR&A will expand its Asset Management Support offerings, according to a press release. The AMS vertical focuses on non-transactional services, including: the Facility Condition Assessment product line, Asset Data Collection service, challenging, one-off technical requests, update/repair technical services, building analytics, and a host of other technical services. After identifying a gap in market offering, PR&A is now providing expanded services to its clients throughout their property ownership cycle.
PR&A advised on over $9 billion in property condition assessments in 2024, including the $1.6 billion KKR/Blackstone student housing portfolio acquisition of 19 properties, and in 2023 advised on more than $17 billion of development.
In addition to the new co-presidents, Coltala praised other leadership figures, Jordan Sheik, and Mark Peterson.
“Their combined expertise and commitment to excellence has already been instrumental in delivering these services to our clients and will be even more important as we continue to grow our service offerings and expand our reach,” said Ralph Manning, co-founder of Coltala.
“Since joining PR&A, the collaboration has been tremendous,” said Lia said. “Working closely with Michael Raybon and the leadership team, it is easy to understand why the PR&A reputation is unmatched in our industry. As we expand the firm’s reach, we are fully committed to bringing the same elite level of consulting and advisory services that have built our stellar reputation to more satisfied customers. I am grateful to be a part of something very special here at PR&A.”