What is the story about?
What's Happening?
Mace Construct is set to implement a new operating model in January 2026, restructuring its business into three distinct units: Commercial, Infrastructure, and Public, Science and Technology. This move aims to enhance long-term resilience and growth amid tightening profit margins. The restructure follows a wider group shake-up, including the sale of a majority stake in Mace Consult to Goldman Sachs Alternatives.
Why It's Important?
The overhaul of Mace Construct reflects the company's strategic response to financial challenges and market demands. By focusing on specific business units, Mace aims to leverage its strengths and improve operational efficiency. This restructuring could influence the construction industry's competitive landscape, impacting stakeholders and future projects.
What's Next?
The new operating model will be implemented in January 2026, with existing managing directors leading the distinct units. Mace will focus on contracting, construction management, and specialist delivery, aiming to support knowledge sharing and simplify operations. The completion of the sale to Goldman Sachs Alternatives is expected by the end of the year.
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