Journey Acquires The Devhouse Agency, Expanding Their Metaverse Studio’s World Building, Gaming, And Web3 Capabilities And Offerings

The Devhouse Agency was represented by Justin Batoff of Batoff Associates, P.A. Journey / Growth Catalyst Partners was represented by Adam Arnett and Patrick Mock of Mayor Brown LLP

NEW YORK, Oct. 24, 2022 /PRNewswire/ — Fresh off of the launch of Walmart Land, Universe of Play and the production Electric Fest inside Roblox, Metaverse-leading design and innovation consultancy, Journey, today announced the acquisition of The Devhouse Agency (“Devhouse”). This new addition to Journey’s Metaverse Studio enhances the company’s metaverse, gaming, and web3 business offerings at a time of rapid-growth and increased client demand for world building capabilities and Metaverse offerings. 

The Devhouse Agency is a Dallas-based software development studio specializing in game development across a variety of platforms and industrial verticals, including gaming, NFT Utility, VR, AR, marketing and events. Founded in 2018, Devhouse’s team consists of highly-skilled and experienced Unity and Unreal engineers, 3D artists, Solidity developers, and game producers.

“The brands we work with are entering virtual worlds and launching web3 initiatives at record speed. This exciting acquisition expands our game development and engineering talent pool so we can better service our clients at a time of rapid-growth and increased demand from clients who look to Journey for an unmatched expertise,” said Cathy Hackl, Journey’s Chief Metaverse Officer, who has helped brands like Ralph Lauren, Clinique, P&G and Walmart with their Metaverse strategies and implementation. “We are seeing customers and brands realize the potential of virtual worlds and Web3, and now Devhouse will be an integral part of Journey’s mission to deliver immersive and industry-leading experiences for new and nascent customer touchpoints and journeys.”

Devhouse’s client base includes a PC and Console game for well known IP, as well as Roblox builds for major brands. 

“Our highly skilled team will aid Journey’s Metaverse Studio in scaling up its offerings, and help further support the kind of unique and forward-thinking ideas and experiences that Journey is creating across virtual, physical and digital,” said Jim Welch, Founder and CEO of The Devhouse Agency. “Our team is immensely proud of the work we’ve accomplished, and we are now thrilled to join Journey, allowing our team to continue, and substantially expand, our ability to create and execute amazing experiences in gaming, Web3 and beyond.” 

The Devhouse acquisition is the fourth that Journey has done in the last 10 months and the company will be announcing more strategic acquisitions in the near future. Journey is the agency of the futurescape and builds real products, with real technologies, to create meaningful experiences for real people – in whichever reality they choose. 

Journey’s Metaverse Studio, which is led by Hackl, offers both strategic and technical services such as game development in Roblox, Fortnite Creative, Rec Room, Core, VR Chat, Meta’s Horizon, Microsoft’s AltSpaceVR and more. The studio also specializes in custom development in Unity, Unreal, and Solidity while providing game testing quality assurance (QA), virtual concert production, motion capture and volumetric video production in multiple platforms and engines.

“Through this acquisition, Journey will be able to continue breaking ground in new worlds like never before, whether they be physical, digital or virtual,” said Andy Zimmerman, CEO of Journey. “Our capabilities are growing alongside our company’s size and influence, and we are thrilled to have The Devhouse Agency’s team joining us. They have worked on some of the most high-profile projects in the metaverse, and bring with them a one-of-a-kind expertise that is unmatched in this industry and we are proud that they are now part of our Metaverse studio.”

Devhouse has worked not only on game production, but has also helped web3 projects like Dippies and Chill Cowboys Country Club with their NFT development, games, drops and minting. 

About Journey

Journey is an innovation and design agency that enables companies to envision the futurescape, the next chapter of their end customer journey, designing, building and running 3D experiences in the physical, immersive and metaverse worlds at speed and scale. Backed by private equity firm Growth Catalyst Partners, Journey, founded in January 2022, was formed by the merger of ICRAVE, a physical design firm, Skilled Creative, a voice agency, and Future Intelligence Group, a metaverse consulting and design firm.  Marquee clients include Walmart, Clinique, Entertainment Weekly, HBO Max, JetBlue, Marquee Nightclub, STK, Warner Music Group, MoMA, Procter & Gamble, Wall Street Journal, Sloan Kettering, and other leading brands.

About The Devhouse Agency

The Devhouse Agency is an independent software development studio based in Dallas, Texas which specializes in crafting bespoke and stunning AR, VR, mobile and gaming experiences. 

About Growth Catalyst Partners

Growth Catalyst Partners is a middle market private equity firm investing in information, marketing and tech-enabled services businesses. GCP’s strategy involves targeting growth segments of industries and identifying and building market-leading companies with breakout potential. GCP partners with company founders and owners along with top executives within those industries and provides capital, proprietary deal origination and operating expertise to the management teams. GCP’s team has deep sector expertise and has led hundreds of transactions and successful investments in services businesses for over 20 years. Since the firm’s founding in 2015, GCP has completed over 75 acquisitions across its industry-leading platform companies. For more information, visit www.growthcatalystpartners.com

Faidley’s Seafood to Anchor the New Lexington Market

We are very excited to visit our client, Faidley’s Seafood, and all the other outstanding merchants in the newly transformed Lexington Market! Looking forward to seeing this Baltimore gem thrive in the community for years to come.

https://www.bizjournals.com/baltimore/news/2023/01/31/lexington-market-ribbon-cutting-vendors-debut.html

Checkerspot Brewing Co. buys a new building, plans move in 2023

Seller’s counsel: Justin Batoff of Batoff Associates, P.A.
Buyer’s counsel: Nancy Haas of Rosen Neuberger LLP

After four years at 1399 S. Sharp St. in Stadium Area, Checkerspot Brewing Company will move a few blocks west to 1421 Ridgely St. in Carroll-Camden Industrial Area. Checkerspot Brewing Company owners and married couple Judy and Rob Neff purchased the 24,000 sq. ft. building yesterday and will soon begin a renovation to convert the new space into a brewery.

https://www.bizjournals.com/baltimore/news/2022/09/13/checkerspot-brewing-move-new-building.html

Miner Limited, an OnPoint Group Company, Acquires Charles H. Hodges & Son

Charles H. Hodges & Son, Inc. was represented by Justin Batoff of Batoff Associates, P.A. in Baltimore, Maryland. Miner Ltd. / OnPoint Group was represented by Eric Halperin and David Ostermann of Willkie Farr & Gallagher LLP in New York, New York

September 07, 2022 

PERRYSBURG, Ohio–(BUSINESS WIRE)–Miner Ltd., the dock and door division of OnPoint Group, has acquired Charles H. Hodges & Son, Maryland’s oldest and most reputable loading dock specialist. A single-source provider for the design, installation and maintenance of commercial dock and door equipment, Charles H. Hodges & Son has been a partner to both commercial and industrial customers for more than four generations. The company serves businesses across Maryland, DC, and Northern Virginia.

“We are thrilled to have the opportunity to welcome the Hodges team to the Miner family as we expand our reach in a critical market. The team at Hodges serves a well-established customer base and their industry expertise directly aligns with our mission of improving safety and efficiency at the loading dock,” said Miner President, Dave Wright.

A legendary name in the dock and door industry, Hodges installed the first dock leveler on the East Coast in Baltimore in 1954. Today the team is an established leader in this top 30 industrial property market and a top performing distributor for a variety of key product suppliers.

“For more than four generations we have focused on providing customers with the best professional sales, service and installations possible for their loading dock needs. Whether it’s a Fortune 500 company or a family business, we are equipped to meet the full breadth of our customers’ needs—especially now as Miner expands our capabilities and national reach,” said Charles H. Hodges & Son’s President, Jamie Hodges.

Charles H. Hodges & Son, Inc. was represented by Justin Batoff of Batoff Associates, P.A. in Baltimore, Maryland
Miner Ltd. was representing by Eric Halperin and David Ostermann of Willkie Farr & Gallagher LLP in New York, New York

For additional information about Miner and Charles H. Hodges & Son visit www.minercorp.com or www.onpointgroup.com/mergers-acquisitions.

Batoff Associates, P.A. Recognized as 2021 AV Preeminent Law Firm

Batoff Associates, P.A. is pleased to once again be recognized as an AV Preeminent law firm by Martindale-Hubbell’s Peer Review, signifying the highest level of professional excellence and adherence to the highest ethical standards – a distinction achieved by fewer than 5% of attorneys nationwide. Martindale-Hubbell Peer Review Ratings, the gold standard in attorney ratings, recognize lawyers rated by their peers for their strong legal ability and high ethical standards.

Batoff Associates is a results-oriented law firm. We use creative and cost-effective strategies that enable our clients to achieve their business goals. For over 28 years, we have served as trusted advisors to entrepreneurs, start-ups, middle-market and international companies. Our clients command a variety of industries, including technology, entertainment/media, manufacturing, financial services, food and beverage, real estate, consumer products, and healthcare. For more information, visit www.Batoffassociates.com 

Batoff Associates, P.A. attorney recognized as “Maryland Super Lawyer” for 2018

Batoff Associates, P.A. is pleased to announce that Justin A. Batoff has been named to the Maryland Super Lawyers list for 2018. Additionally, Justin was recognized as a “Rising Star” by Super Lawyers.

 

Published by Thomson Reuters, Super Lawyers recognizes only the top 5 percent of all Maryland attorneys who embody excellence in the practice of law.  Super Lawyers identifies candidates who are evaluated on professional achievement and peer recognition. The Rising Stars list recognizes no more than 2.5 percent of attorneys in each state. To be eligible for inclusion in Rising Stars, a candidate must be either 40 years old or younger, or in practice for 10 years or less.  The 2018 selections will be published in the Maryland Super Lawyers Magazine as well as in the January 2018 edition of Baltimore Magazine.

Batoff Associates, P.A. representing Construction Risk Solutions in AJG Acquisition

Batoff Associates, P.A. was pleased to represent Construction Risk Solutions in this successful acquisition, as reported on nasdaq.com 

Arthur J. Gallagher (AJG) Buys Construction Risk Solutions

Arthur J. Gallagher & Co . AJG recently acquired Construction Risk Solutions, LLC. The acquisition will expand the broker’s presence in Northeast Region. Terms of the deal remained undisclosed.

Hunt Valley, MD-based Construction Risk Solutions was established in 2006. Construction Risk is a construction industry expert and provides property/casualty and risk management insurance and surety services. The retail insurance broker specializes in the provision of coverage for trade, general and civil contractors; home builders and developers; construction suppliers; and real estate firms across the United States. Hence, the acquisition is a strategic fit for Arthur J. Gallagher’s Northeast Region.

Arthur J. Gallagher remains focused on strategic acquisitions that strengthen as well as add capabilities to its portfolio. The company’s impressive growth is driven by organic sales, acquisition and mergers. While the buyouts widen its geographical footprint, these also support its enhanced portfolio of services and strengthen its position in retail and wholesale insurance brokerage services and risk management industries. Notably, this is the third buyout by the company in 2017.

Shares of Arthur J. Gallagher have gained 3.70% in the last three months, outperforming the Zacks categorized Insurance Broker industry’s 3.05% improvement.

 

Arthur J. Gallagher is scheduled to announce its fourth-quarter results on Feb 7. The Zacks Consensus Estimate for the quarter is pegged at 66 cents per share, which translates into a year-over-year increase of 14.4%. Though the company’s favorable Zacks Rank #3 (Hold) increases the predictive power of an earnings beat, an Earnings ESP of 0.00% makes prediction difficult. You can see the complete list of today’s Zacks Rank #1 (Strong Buy) stocks here . The company has a track of delivering surprise for the last five quarters.

Gilchrist Kids Hospice Care

Batoff Associates, P.A. was pleased to renew its support for Gilchrist Hospice Care at the 5th annual Rally on the Rail hosted by the Old Line Society at the Legacy Chase Steeplechase Races.

All proceeds from Rally on the Rail sport the Gilchrist Kids, the largest dedicated pediatric hospice team in Maryland, providing care for infants, children and young adults diagnosed with life limited illness or injury throughout central Maryland.

 

 

 

 

 

 

Community support for Gilchrist Kids is critical to ensuring a strong pediatric hospice program for children and families in our community. Gilchrist accepts all hospice patients,  regardless of insurance or ability to pay. Support at Rally on the Rail helped advance Gilchrist’s goal to support children with life limiting illnesses or conditions “live well” during their last months, weeks and days and to provide their loved ones with the support they need during their most difficult time.

Asset Preservation and Protection

Batoff Associates specializes in a variety of legal issues, including asset preservation and protection. Batoff Associates is well-positioned to provide tailored financial and legal advice regarding the preservation of an individual’s assets.

Tools used to aid clients in asset preservation include Dynasty Trusts, Offshore Trusts, and Inheritance Protection.

Estate Planning for Beginners

Batoff Associates is a Baltimore-based law firm specializing in a range of legal matters, including estate planning. Estate planning is an important component of financial planning, but is often left undone. In fact, more than 50% of Americans do not have a plan for their estate. Estate planning refers to the preparation of a will, and the posthumous bequeathing of one’s assets.

Estate planning allows individuals to feel security regarding their assets and how they will be handled after their death. It encompasses a wide variety of elements, ranging from the purchasing of life insurance, to the establishment of trusts.

Batoff Associates has assisted hundreds of families in estate planning, and brings comprehensive knowledge and experience to the table.