What's Happening?
Mace Group is aiming to achieve an annual revenue of £3 billion by next year, driven by its consultancy business. The company has made two strategic hires to bolster its work-winning consultancy arm: Louise Sunderland as head of cities & places and London, and Martyn Court as head of mobility. Sunderland brings over 25 years of experience in professional services, having previously worked for KPMG and EY. Court, with experience in major projects at Arcadis, will lead projects in rail, highways, aviation, and ports. These appointments come as Mace's consultancy business shows strong performance, contributing significantly to the company's revenue goals.
Why It's Important?
Mace Group's strategic hires and revenue target underscore the growing importance of consultancy services in the construction and infrastructure sectors. The company's focus on expanding its consultancy business reflects a broader industry trend towards leveraging expertise in project management and strategic planning to drive growth. The appointments of Sunderland and Court are expected to enhance Mace's capabilities in key areas such as urban development and transportation, potentially leading to increased project wins and revenue. This development is significant for stakeholders in the construction industry, as it highlights the value of consultancy services in achieving ambitious growth targets.
What's Next?
Mace Group is on track to achieve its £3 billion revenue target by next year, with its consultancy business playing a crucial role. The strategic hires of Sunderland and Court are expected to drive growth in key sectors, including urban development and transportation. As the company continues to expand its consultancy services, stakeholders can anticipate further project wins and increased revenue. The focus on consultancy expertise may also lead to new opportunities for collaboration and innovation in the construction industry.
