The acquisition of Turton Bond will add more than 50 staff to Mace Consult’s 400-strong team in the Americas.
This comes less than a month after Mace Consult was itself substantially acquired from Mace Group by US bank Goldman Sachs in order to fuel international expansion.
Both the Goldman Sachs and Turton Bond deals have yet to complete; they are expected to close later this year, subject to customary closing conditions. Mace Group shareholders will retain a minority interest in Mace Consult.
Turton Bond, founded in 2019, has four offices in the USA: New York, Houston, San Francisco and Los Angeles. It is led by four partners: Chris Bond, Will Turton, Joe Stevens and Darren Flood.
Mace Consult chief executive Davendra Dabasia said: “Our expansion in the US has been gathering pace over the last two years, with major appointments by global clients and on some of the largest infrastructure projects in North America. Our new partnership with the team at Turton Bond will see us work together to target growth in the technology sector in the US, building on their success to date with some of the world’s largest tech firms.
“This deal reflects our long-term strategy of investing in Mace Consult’s four service-lines, building our market exposure outside the UK and our growth in the US. Having worked closely with the founders of Turton Bond over the past few months, it is clear that we have a shared focus on innovation and exceptional delivery for our clients – as well as an entrepreneurial culture that will enable our ambitious future growth plan.
“We will continue to explore further M&A opportunities to accelerate our growth in North America – supported by our new partnership with Goldman Sachs.”
Will Turton & Chris Bond, founding Partners at Turton Bond, said: “We are excited to continue to deliver on our promise of delivering a best-in-class, tailored service for our clients. Our exponential growth since 2019 is testament to the trust placed in us by our clients to date, as well as the amazing talent we have at all levels throughout our business.
“Based on our experience to date working with Mace’s leadership team, we truly believe this partnership with Mace Consult is an exciting new chapter for all parties. We feel that our agile and dynamic approach to cost and project management, alongside our willingness to embrace new and emerging technologies, will perfectly compliment the established global reach and expertise of Mace Consult.”
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