KPMG acquires High-Point Rendel
Accountancy giant plans to form a new practice called KPMG-HPR following purchase of international consultancy firm
KPMG has acquired the international consultancy firm High-Point Rendel for an undisclosed amount, it said in a statement.
Thirty five staff from High-Point Rendel are expected to come on board KPMG’s Major Project Advisory team, which advises on large-scale infrastructure projects in the UK and worldwide, to form a new practice called KPMG-HPR.
“Global investment in infrastructure is growing at an exponential rate, with spend predicted to reach £45 billion in the UK during 2016 alone. Our clients are grappling with increasingly ambitious and complex projects, which bring with them unfamiliar risks, amplified by the additional complexity that global supply chains bring,” said Richard Fleming, head of advisory at KPMG.
“The High-Point Rendel team has more than 40 years’ experience advising on some of the world’s largest and most high-profile projects, helping businesses to plan and avoid costly delays and over-runs. This acquisition marks a step-change for KPMG both in the UK and globally, enabling us to advise clients at every stage of their megaprojects, from initial planning to final delivery and through operations and maintenance, disposal or renewal.”
High-Point Rendel CEO Kelvin Hingley and MD Nigel Bell, along with Gordon Shearer, partner at KPMG, will lead KPMG-HPR, while Sir Alan Cockshaw, chairman of High-Point Rendel will advise KPMG on a consultancy basis.
“The creation of KPMG-HPR will bring to project stakeholders a single organisation which truly understands the business and delivery challenges and risks in major capital asset undertakings, and the combination of expertise and experience to provide valuable solutions at any stage of a project life cycle,” said Sir Alan Cockshaw in a statement.
High-Point Rendel provides specialist delivery, commercial, contractual, programme and risk-management services for large scale global infrastructure projects in the energy, transportation and the oil and gas sectors.
