Sweett Group is a provider of professional services for the construction and management of building and infrastructure projects.
Khush Purewal, a director at KPMG and lead advisor on the deal, commented: “This transaction reflects two underlying themes in the construction sector: first, the strong consolidation trend among larger corporates as they seek to grab geographic and strategic capability before their competitors; and second, the drive for smaller, niche operators to focus sharply on their core geographies and key capabilities. There is room for both in the market, but we forecast headwinds for those seeking to occupy the middle ground.”
Khush Purewal was supported by Stuart Sewell, Director and Bilal Rana, Manager. KPMG has a dedicated Corporate Finance team that focuses specifically on M&A within the Built and Natural Asset consultancy space.
Read today’s RNS announcement (external link).
For media enquiries, please contact:
T: +44 (0)121 335 2575
KPMG Press Office: 020 7694 8773
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.