Goldman Sachs takes majority stake in Mace Consult

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The deal will see the spun-out business operate independently with a focus on global growth and strategic acquisitions. Financial details were not provided.

The transaction carves out Mace Consult from the parent Mace Group – a global construction and consultancy services company – and is expected to close later in 2025, pending regulatory approvals.

Mace Consult delivered £687 million (US$932 million) in revenue last year and employs more than 5,200 people across four hubs: Europe, the Americas, Asia Pacific, and the Middle East and Africa. Its work spans major infrastructure and construction projects, including the Hudson Tunnel build in New York, the Qiddiya megaproject in Saudi Arabia, and the UK’s New Hospitals Programme.

Davendra Dabasia (Photo: Mace)

Current CEO Davendra Dabasia will continue to lead the new standalone company. A number of Mace shareholders, including Executive Chair Mark Reynolds and Group CEO Jason Millett, will retain minority stakes in Mace Consult and join the new board, with Reynolds as chair.

Goldman Sachs said the investment would support both organic growth and acquisitions, particularly in North America and in digital solution delivery.

Mace Construct, the Group’s contracting business in the UK and Ireland, will remain fully owned by existing Mace shareholders.

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