Mace Group has acquired US-based independent cost consultant and project management company Turton Bond for an undisclosed price.
The deal is expected to close by the third quarter of 2025, subject to customary closing conditions, and will boost Mace Consult’s expansion in the Americas, where it currently employs more than 400 people.
In addition to contributing to the growth of Mace Consult’s cost and commercial management service line in the Americas, the acquisition will boost the company’s service capacity.
Turton Bond was founded in 2019 and employs more than 50 people across offices in New York, Houston, San Francisco and Los Angeles.
Davendra Dabasia, CEO of Mace Consult, 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 and Chris Bond, founding partners at Turton Bond, added: “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.”
Mace Group was advised by Linklaters and KPMG. Turton Bond was advised by Jones Walker.
