Mace Group Forms New Partnership with Goldman Sachs for Growth
Mace Group Forms New Partnership with Goldman Sachs for Growth
Mace Group has recently announced an exciting majority investment in Mace Consult by Goldman Sachs Alternatives, marking a transformative step in the company’s growth journey. This deal represents a shift towards making Mace Consult an independent business while aiming to elevate its position as a leading program management consultant globally.
Mace Consult plays a pivotal role in the delivery of crucial infrastructure and built environment projects across various high-profile endeavors. The company has taken part in significant projects such as the Hudson Tunnel Project, Qiddiya, and the New Hospitals Programme, effectively showcasing its capabilities across the board. In the past year, Mace Consult brought in an impressive £687 million in revenue, equivalent to approximately US$859 million, and boasts a dedicated workforce of over 5,200 employees spread across four key global hubs.
Leadership and Strategic Future
Under the leadership of CEO Davendra Dabasia, Mace Consult is set to expand even further. With a strong commitment to delivering esteemed projects worldwide, the focus is now sharper than ever on executing strategic acquisitions that will enhance its prowess in vital growth markets.
Mark Reynolds, Executive Chair of Mace Group, expressed pride in achieving this significant milestone. “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,” said Reynolds. He further highlighted Mace Consult’s remarkable evolution since its involvement in the London 2012 Olympics, which set the stage for bold aspirations and high standards in project delivery.
Investment Goals and Future Endeavors
Goldman Sachs Alternatives sees this investment as an opportunity to leverage their substantial network to accelerate Mace Consult’s independent journey. Jose Barreto, a partner at Goldman Sachs Alternatives, shared enthusiasm for supporting Mace’s trajectory: “We are delighted to invest in Mace Consult and accelerate its growth trajectory as an independent business.” This partnership is poised to help Mace adapt and thrive amid fluctuating market conditions, emphasizing innovative solutions for its clients.
In line with the ambitions of the new partnership, Davendra Dabasia remarked on the exhilarating path ahead for Mace Consult, particularly in scaling operations in North America and enhancing digital service delivery. The scope for growth is unparalleled, as Mace Consult aims to refine its service offerings and tap into advanced technologies, maximizing client satisfaction and project success.
Industry Insights and Challenges Ahead
As the industry grapples with fundamental issues such as climate change, urbanization, and technological advancements, Mace Consult is well-prepared to tackle these challenges head-on. Alex Mass, Managing Director at Goldman Sachs Alternatives, acknowledged the importance of innovative management strategies in facilitating project success. He believes that by operating as an independent entity, Mace Consult can unlock new potential globally and fully support its clients’ ambitions.
This investment marks a partnership steeped in the rich history and expertise of Goldman Sachs, a leading player in diverse alternatives with over $500 billion in assets under management. This collaboration aims to harness Goldman Sachs’ extensive resources to bolster Mace Consult's endeavors in the project delivery sector.
About Mace Group and Its Growth
Mace Group stands as a globally recognized entity specializing in program and project delivery consulting, along with construction expertise. With a significant annual turnover of £2.79 billion, translating to US$3.49 billion, Mace operates in various sectors through its dual engines of Consult and Construct. Its impressive portfolio includes iconic structures, progressive regeneration projects, and essential social infrastructure that resonates worldwide.
As Mace Group continues to solidify its footprint across the UK, Europe, the Americas, the Middle East, and Asia Pacific, the future looks promising, heralded by this new partnership with Goldman Sachs Alternatives.
Frequently Asked Questions
What is the significance of the investment by Goldman Sachs Alternatives?
This investment is intended to elevate Mace Consult’s independence and growth potential, allowing it to expand its reach globally.
Who will lead Mace Consult after the investment?
Davendra Dabasia will continue to serve as CEO, maintaining strong leadership as the company transitions into an independent business.
What types of projects does Mace Consult specialize in?
Mace Consult focuses on major infrastructure and built environment projects, serving as a key delivery partner for complex undertakings worldwide.
How will the investment impact Mace Consult's operations?
The investment will enable strategic acquisitions and enhance operational capacity, allowing Mace Consult to scale rapidly and enhance service delivery.
What are the future goals of Mace Consult?
Mace Consult aims to solidify its position as a leading delivery consultant through organic growth and targeted acquisitions in key growth markets.
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