What's Happening?
Mace Consult has appointed Price, a former CEO of ISG, as its new managing director to lead the company's growth strategy as a standalone consultancy. Price brings over 20 years of senior leadership experience
in the built environment, having previously held various roles at ISG, including chief operating officer and group director for public sector frameworks. Her appointment comes as Mace Consult aims to achieve £1.2 billion in annual revenue by 2030, following a private equity deal with Goldman Sachs expected to close by the end of the year. Price will oversee operations across Europe, focusing on performance and expansion. This move is part of Mace Group's broader strategy to reach £3 billion in annual revenue by next year, with Mace Consult playing a central role.
Why It's Important?
The appointment of Price as managing director is significant for Mace Consult as it seeks to establish itself as a leading standalone consultancy in the built environment sector. Her extensive experience in managing construction services and leading growth initiatives in both private and public sectors positions her well to drive Mace Consult's ambitious revenue targets. The private equity deal with Goldman Sachs underscores the financial backing and confidence in Mace Consult's growth potential. This strategic move is likely to enhance Mace Group's overall performance, contributing to its goal of achieving substantial revenue growth. Stakeholders in the construction and consultancy industries may benefit from the increased focus on expansion and performance, potentially leading to more opportunities and partnerships.
What's Next?
With Price at the helm, Mace Consult is expected to focus on expanding its presence across Europe, leveraging her leadership to drive performance improvements. The closure of the private equity deal with Goldman Sachs by year-end will provide the necessary capital to support this growth strategy. Andy Beard, the previous managing director, will now concentrate on expanding the infrastructure division, including major projects like the £11 billion Anglian Water capital investment. As Mace Group aims for £3 billion in annual revenue by next year, stakeholders can anticipate further strategic hires and initiatives to bolster the company's market position.
Beyond the Headlines
Price's appointment may also influence broader industry trends in consultancy and construction, particularly in terms of leadership dynamics and strategic growth approaches. Her experience in both private and public sector frameworks could lead to innovative practices and partnerships, potentially setting new standards in the industry. The focus on sustainability and inclusive urban environments, as seen in her previous projects, might also shape Mace Consult's future initiatives, aligning with global trends towards sustainable development.
