3SixtyConsult and PMKConsult to merge and announce new firm in January 2021
Combined entity’s business model and servicing capacity will expand and enable the company to take on more large-scale work
Project management and commercial services firms 3SixtyConsult and PMKConsult have inked a merger agreement that is said to create one of the largest consultancies dedicated to project management in the UAE.
According to a statement, the move is expected to extend specialisms, expands revenue streams and opens the playing field to larger scale projects across sectors in the UAE and within the broader region.
“This agreement has been a long time in the making and something that Keenan and I thought about very carefully. We have spent the last year conducting due diligence inclusive of corporate specialist assessments and financial audits of both businesses. We also looked closely at our strategic strengths in specific sectors and alignment of our corporate ambitions. One of our major focuses as a combined entity is implementing our expansion strategy. Growing regionally with a company that is twice the strength with a broad scope of expertise is a definite advantage and something that will benefit our client and collaborator base,” said Kevin Woolley, managing director, PMKConsult.
Earlier this year, 3SixtyConsult announced its acquisition of Project Partners and is said to have since increased its retail and commercial sector project management portfolio by 83%. PMKConsult is said to have transitioned leadership with Woolley becoming managing director and has entered into multiple strategic framework agreements with developers to accommodate the expansion of retail platforms in the Emirate of Abu Dhabi, the statement said.
3SixtyConsult’s own managing director Keenan Grote added: “This merger enables us to offer a more comprehensive service to our clients creating increased economies of scale. Kevin and I have found that because both entities have grown organically and sustainably to focus core strengths in different sectors, we are able to amalgamate our expertise without cannibalising each other’s existing advantage. Furthermore, we can expand our service offering to our clients and collaborators as each business has unique specialist services in addition to our project management expertise.”
The statement said that since entering the market in 2009, 3SixtyConsult has developed a niche specialism in media and broadcast, healthcare, and industrial projects, with noted capability in other sectors such as corporate real estate, and museum, culture and heritage. In contrast, PMKConsult has a substantive five years of success in the market and has delivered on an impressive remit in residential development. It has also established itself as a leader in Abu Dhabi in the education and retail space with high profile and eagerly anticipated projects in the Emirate with appointments by government bodies and other international and local entities.
Woolley commented, “We have been jointly preparing both companies for our impending ISO 9001 certification to open strong with an internationally-recognised and respected operational accreditation. Our next moves in terms of management structure and strategic regional placements will be announced in due course.”
The combined entity is expected to begin operations in January 2021 at which time the new name and brand identity will also be revealed.
