19 August 2025
Mace Consult has acquired US-based independent cost consultant and project management company Turton Bond.
Image courtesy of Turton Bond
Mace Group said the deal, expected to close by the third quarter of 2025, would boost Mace Consult’s expansion in the Americas, where it currently employs more than 400 people.
Turton Bond, founded in 2019, has grown over the past six and a half years to employ more than 50 people across four offices in the US in New York, Houston, San Francisco and Los Angeles.
It is led by four partners: Chris Bond, Will Turton, Joe Stevens and Darren Flood.
The company is forecast to deliver double-digit revenue growth in 2025, providing cost management, procurement, and project management support to range of Fortune 500 clients in the technology, data centre, and manufacturing sectors.
Meanwhile, Mace Consult itself is expected to deliver more than $1 billion of revenue in 2025, and works on high-profile projects including the Metrolinx GO transit and subways expansion projects in Ontario, Canada, Qiddiya in Saudi Arabia and the New Hospitals Programme in the UK.
The news follows the announcement in July of a majority investment in Mace Consult by Goldman Sachs Alternatives to establish the consulting business as an independent company. That deal is expected to close later this year, subject to regulatory clearance.
Mace Consult’s CEO Davendra Daba said the firm was on the lookout for more merger and acquisition opportunities in North America, supported by the new partnership.
He said, “Our expansion in the US has been gathering pace over the last two years, with major appointments by global clients and on some of the largest infrastructure projects in North America. Our new partnership with the team at Turton Bond will see us work together to target growth in the technology sector in the US, building on their success to date with some of the world’s largest tech firms.”
“This deal reflects our long-term strategy of investing in Mace Consult’s four service-lines, building our market exposure outside the UK and our growth in the US. Having worked closely with the founders of Turton Bond over the past few months, it is clear that we have a shared focus on innovation and exceptional delivery for our clients – as well as an entrepreneurial culture that will enable our ambitious future growth plan.”
Will Turton & Chris Bond, founding partners at Turton Bond, said: “Based on our experience to date working with Mace’s leadership team, we truly believe this partnership with Mace Consult is an exciting new chapter for all parties. We feel that our agile and dynamic approach to cost and project management, alongside our willingness to embrace new and emerging technologies, will perfectly compliment the established global reach and expertise of Mace Consult.”
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