KPMG today announces the acquisition of the assets of the strategic management and commercial consultancy arms of High-Point Rendel Ltd, the international project consultancy company for an undisclosed sum.
High-Point Rendel Ltd provides specialist delivery, commercial, contractual, programme and risk management services to help public and private owners, investors, contractors and vendors involved with large scale global infrastructure projects. Its clients principally operate in the energy, transportation, and oil and gas sectors. In addition the company has an outstanding track record in the turn round of projects suffering delays and/or cost overruns.
35 staff from High-Point Rendel Ltd will mostly join KPMG’s Major Projects Advisory team, which itself has advised on large scale infrastructure projects across the UK and worldwide, including HS2 Limited. The new practice will be known as KPMG-HPR.
Richard Fleming, Head of Advisory at KPMG, commented:“Global investment in infrastructure is growing at an exponential rate, with spend predicted to reach £45 billion in the UK during 2016 alone. Our clients are grappling with increasingly ambitious and complex projects, which bring with them unfamiliar risks, amplified by the additional complexity that global supply chains bring.
“The High-Point Rendel team has more than 40 years’ experience advising on some of the world’s largest and most high-profile projects, helping businesses to plan and avoid costly delays and over-runs. This acquisition marks a step-change for KPMG both in the UK and globally, enabling us to advise clients at every stage of their megaprojects, from initial planning to final delivery and through operations and maintenance, disposal or renewal.”
The new KPMG-HPR practice will be led by High-Point Rendel CEO Kelvin Hingley and MD Nigel Bell, together with Gordon Shearer, Partner at KPMG. Sir Alan Cockshaw, Chairman of High-Point Rendel will also advise KPMG on a consultancy basis.
Sir Alan Cockshaw, Chairman of High-Point Rendel, commented:“The creation of KPMG-HPR will bring to project stakeholders a single organization which truly understands the business and delivery challenges and risks in major capital asset undertakings, and the combination of expertise and experience to provide valuable solutions at any stage of a project life cycle. The HPR team is extremely excited about being an important part of a composite and full service global and local offering with the clear expectation of becoming the world’s premier major project advisor.”
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Zoe Sheppard, Senior PR Manager at KPMG
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KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 12,000 partners and staff. The UK firm recorded a turnover of £1.9 billion in the year ended September 2014. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 162,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.
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