It’s takeover time in the UK consultancy market

By Dave Rogers2021-08-16T05:00:00

The appetite of US giants for venerable UK brands shows no sign of abating. So who is next?

Last month’s deal by CBRE to buy 60% of Turner & Townsend for £960m has led to speculation that the consultancy market is in for a renewed shake-up similar to the one sparked a decade or so ago by Aecom’s takeover of Davis Langdon.

Whether it is or not – and suggestions that T&T’s partners will not receive their final payout for another three years means that big names tempted into breaking away will undoubtedly put plans to do so on hold – there is a consensus that more firms will be taken over in due course.

Exchange rates have undoubtedly helped overseas raiders. Another US firm, Tetra Tech, picked up Hoare Lea, the near 160-year-old M&E consultant, for an undisclosed sum last month.

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