PMKConsult acquires UAE-based cost consultancy
Move will see key capabilities bought in-house as it moves into new markets including Saudi Arabia
PMKConsult has acquired regional value management and cost consultancy firm ACS. The firm says the acquisition grows its commercial management division, expanding both its sectors and in-house service capability.
According to a statement from PMKConsult, ACS has delivered value management and cost consultancy services to entities throughout the region and is well-versed in discipline consulting on master plans, mixed-use developments, sporting facilities, healthcare and hospitality developments.
“This acquisition forms part of PMKConsult’s wider expansion strategy. With our KSA operations experiencing significant growth and with the additional scalability that our recent merger requires, Zane and his strong team of quantity surveyors and specialised cost management professionals adds significant capability to our CM division. The expansion grows our project and commercial management portfolio to roughly $2bn and further solidifies our service and project delivery footprint in several regional markets,” stated CEO Kevin Woolley of PMKConsult.
Keenan Grote, COO PMKConsult added: “The ACS team brings an expansion to our in-house capabilities and has delivered significant work in key markets around the GCC that will add to our depth of expertise and service reach. The true beneficiaries of this corporate transaction are our clients and collaborators who will also experience greater valued added integration to our delivery model and more opportunities arising from this new transaction.”
ACS has recently secured new assignments in the residential and commercial mixed-use segments across the region including two major masterplan projects, in addition to infrastructure and transportation work, the statement noted.
Zane Heasman, former GM of ACS and now commercial management director UAE remarked, “When I began talks with PMKConsult it became immediately clear to myself and John Vint that our ethos on consulting services is extremely aligned. The recent ACS success, particularly over the last 12 months is a result of an economic approach, our customer focus and professional committed service we have provided to our clients which is clearly aligned to the mind-set of the PMKConsult team.”
The ACS team has all transitioned into the larger PMKConsult team with ease due to previous collaborative work on projects throughout the UAE, the statement explained.
Zane added, “PMKConsult is a larger brand that has proven its capabilities and has the critical mass to take on major projects therefore providing our clients, particularly our masterplan and infrastructure clients, with an increased confidence, a greater depth of portfolio experience, and customer support. The most important aspect for me is that the clients benefit from this acquisition and that PMKConsult is committed to ensuring that they receive the same high level of bespoke service. Our own front line, hands on approach will remain unchanged. The team as a whole is very excited about this transition and look forward to future developments within this market leading organisation.”
PMKConsult said that it has successfully penetrated the KSA market, having recently announced the intention to do so with ACS also recently taking steps into the Kingdom. Its work in the country includes infrastructure and major masterplan developments.
