Mace Group has announced a majority investment in Mace Consult from Goldman Sachs Alternatives through a ‘carve-out’ to become an independent business
Mace Consult has acted as a critical partner in numerous projects worldwide, including the Hudson Tunnel in New York and the UK’s New Hospitals Programme.
In 2024, Mace Consult generated a revenue of £687m, employing 5,200 staff across Europe, the Americas, Asia Pacific, and the Middle East and Africa.
It is understood that Mace Consult will now utilise this investment to strive for world-leading independent status.
Meet the new Mace Consult board
Davendra Dabasia is to keep her role as CEO of Mace Consult. She said: “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.”
Mark Reynolds, Mace Group’s executive chair, along with Mace Group CEO Jason Millett, will retain minority stakes in Mace Consult, and will act as members of a new Mace Consult Board, of which Mark will be the chair.
Commenting on the transaction, Reynolds said: “This is a key milestone in securing the long-term future of Mace Consult, enabling the next phase of growth for our global consultancy practice.
Mace Consult has advised on large projects across the globe
Some of the largest projects that received advice from Mace Consult include the stadiums for the 2012 London Olympic and Paralympic Games, and the 2020 Dubai Expo, as well as Canada’s GO Expansion rail programme and Peru’s Reconstruction with Changes.
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.”
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.”
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