Latest news with #MaceConsult
ME Construction
2 days ago
- Business
- ME Construction
Mace Group announces investment in Mace Consult
Financial Mace Group announces investment in Mace Consult By In addition to the investment, several Mace Group shareholders, including Executive Chair Mark Reynolds and Mace Group CEO Jason Millett, will retain a minority stake in Mace Consult Mace Group has announced a significant investment in Mace Consult, a program management consulting firm. This investment, facilitated by Goldman Sachs Alternatives through a carve-out from Mace Group, aims to support Mace Consult's goal of becoming independent program management consultant. Mace Consult plays a crucial role as a delivery partner for some of the complex infrastructure and built environment projects, including the Hudson Tunnel Project in New York, Qiddiya in Saudi Arabia, and the New Hospitals Programme in the UK, said a statement. In 2024, Mace Consult generated substantial revenues of US $926mn and employs over 5,200 people across four global hubs, Europe, the Americas, Asia Pacific, and the Middle East and Africa. In addition to the investment, several Mace Group shareholders, including Executive Chair Mark Reynolds and Mace Group CEO Jason Millett, will retain a minority stake in Mace Consult. They will actively collaborate with Goldman Sachs Alternatives as members of the newly formed Mace Consult Board, with Mark Reynolds being appointed as the Chair. Building on over a decade of consistent double-digit organic growth and a strategic expansion into delivering major programs across the Americas, Europe, Asia Pacific, and the Middle East and Africa, the new partnership will enable Mace Consult to further strengthen its presence in key growth markets. Mark Reynolds, Mace Group's Executive Chair said, 'This transaction is a key milestone in securing the long-term future of Mace Consult, enabling the next phase of growth for our global consultancy practice. The shareholders, the board and I are extremely proud of the progress we've made collectively to achieve this outcome. Since 1990, and accelerating since the success of the London 2012 Olympics, Mace Consult has transformed the industries it serves, delivering to exceptional standards and redefining the boundaries of ambition. We have established a foundation to enable the business to flourish for decades to come.' Jose Barreto, Partner within Private Equity at Goldman Sachs Alternatives added, 'We are delighted to invest in Mace Consult and accelerate its growth trajectory as an independent business both organically and through strategic acquisitions. Through the global Goldman Sachs network and value acceleration resources, we see the potential to support Mace in delivering critical client outcomes during this period of heightened uncertainty and transformation.' Davendra Dabasia, Mace Consult's CEO commented, 'I am excited to lead Mace Consult on this next stage in our journey, working in close partnership with Goldman Sachs Alternatives. Our teams around the world have delivered exceptional growth over the past few years, and our new partnership will enable us to build on that to become the world's leading delivery consultant. As a standalone business, we will be positioned to further support our global infrastructure and built environment clients by scaling up at pace in North America and enhancing our digital solution delivery for clients.' Alex Mass, Managing Director within Private Equity at Goldman Sachs Alternatives, added, 'The long-dated trends of climate change, technological disruption, demographic shifts and urbanisation represent one of the fundamental project delivery challenges in history, requiring innovative management approaches, as demonstrated by Mace Consult over the years. As an independent business, Mace Consult is distinctly positioned to support clients in unlocking the full potential of every project around the world – and we are proud to support the employees of Mace Consult in this journey.' Mace Group was advised by UBS (M&A) and Linklaters (Legal). Goldman Sachs Alternatives was advised by Lazard (M&A and Financing), Jefferies International Limited (M&A) and White & Case (Legal). The transaction is subject to regulatory approvals (amongst other conditions) and is expected to close in 2025.
Yahoo
5 days ago
- Business
- Yahoo
Goldman Sachs Alternatives announces majority investment in Mace Consult
Goldman Sachs Alternatives has announced a majority investment through a carve-out in Mace Group division Mace Consult, which aims to become a global programme management consultant. Mace Consult, known for delivering complex infrastructure projects, will operate as an independent business under this new partnership. Davendra Dabasia will continue to lead as CEO of the business. In 2024, the company generated £687m ($930.7m) in revenue and employed over 5,200 people across Europe, the Americas, Asia-Pacific, and the Middle East and Africa. It is a key partner in significant infrastructure projects, including New York's Hudson Tunnel Project, the New Hospitals Programme in the UK, and Qiddiya in Saudi Arabia. Mace Consult has advised on programmes worldwide such as the London 2012 Olympic Games and Dubai Expo 2020 over the past 30 years. Several shareholders of Mace Group, including executive chair Mark Reynolds and CEO Jason Millett, will maintain a minority stake in Mace Consult. They will collaborate with Goldman Sachs Alternatives on the new Mace Consult board, with Reynolds appointed as chair. The partnership builds on Mace Consult's decade of growth and expansion into major programmes across various regions. The company plans to target strategic acquisitions to enhance its presence in key growth markets under this new partnership. Reynolds said: 'This transaction is a key milestone in securing the long-term future of Mace Consult, enabling the next phase of growth for our global consultancy practice. 'Since 1990, and accelerating since the success of the London 2012 Olympics, Mace Consult has transformed the industries it serves, delivering to exceptional standards and redefining the boundaries of ambition.' Mace Group received advisory services from Linklaters and UBS while Lazard, Jefferies International, and White & Case advised Goldman Sachs Alternatives. Subject to regulatory approvals, the transaction is expected to conclude this year. In March 2025, Mace was appointed for the £140m extension of Pier 6 at London Gatwick Airport in the UK. "Goldman Sachs Alternatives announces majority investment in Mace Consult" was originally created and published by World Construction Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Zawya
16-04-2025
- Business
- Zawya
Mace expands Saudi leadership with appointment of Country Director
Riyadh, Saudi Arabia – Mace, the global delivery consultants and construction experts, have appointed Brian Conlon as Country Director for Saudi Arabia to drive forward the company's expanding operations in the Kingdom. Reporting to Managing Director of Middle East and Africa Christopher Seymour, Brian will be responsible for overseeing the growth, performance and service excellence of Mace's Saudi business, which currently employs more than 700 professionals. Brian joins Mace with more than 35 years of industry experience including most recently holding the position of Regional Director at AtkinsRéalis, where he led a team of 400 professionals working across some of the largest projects and programmes in Saudi Arabia. Prior to AtkinsRéalis, Brian spent more than 20 years in senior positions at Arcadis and EC Harris, leading major commissions, bids and establishing new business operations in several locations including the United Kingdom, India, North Africa, and the Middle East. Christopher Seymour, Managing Director of Middle East and Africa at Mace Consult, said: 'With a leading presence across giga projects and major programmes in Saudi Arabia, Mace is playing an important role in the Kingdom's transformation under Vision 2030. 'We have ambitious growth plans for Saudi and the wider region focused on expanding our delivery capabilities across key markets and sectors, from cities and places to infrastructure and mobility. 'Brian will play a central role in this growth, leading our team in Saudi to deliver global best practice for our clients that supports the development of local communities.' Brian Conlon, Country Director for Saudi Arabia at Mace Consult, said: 'Mace has a strong reputation for working on, and delivering, some of the largest, most iconic and most complex projects and programmes in Saudi Arabia and the wider region. 'Working alongside our clients, we want to further expand our operations and enhance our capability and track record of innovative delivery throughout the Kingdom. 'I look forward to working with the Mace team, our clients and communities to deliver positive impact in Saudi and the wider region.' Brian's appointment supports Mace's global growth plans that have included a number of recent international leadership appointments in key positions following the succession of Jason Millett as Group Chief Executive at the beginning of this year, and Davendra Dabasia as CEO of Mace Consult.
