Mace sells £130m turnover FM arm to MBO team

Aaron Morby 1 year ago
Share

Mace Group has sold its FM business to a management buyout team after deciding to sharpen focus on its core construction and consultancy services.

The management buy-out of Mace Operate has been led by the FM arm’s chief executive Ross Abbate and financial director Chris Bampton alongside Mace Group deputy chairman Mark Holmes, who will become chair of the new standalone firm.

The independent business will return to being called Macro, employing more than 700 people around the globe, with an annual turnover of £130m.

Macro MBO team: New chairman Mark Holmes, chief executive Ross Abbate and financial director Chris Bampton

Macro and Mace Group will retain a close relationship, with a transitional services agreement in place for the next nine months.

In the long-term, Macro will act as a ‘preferred supplier’ for Mace‘s own facilities management services, while exploring potential future joint servicing offers to existing clients.

Abbate said: “Over the past 20 years, Macro has established itself as a leading facilities management expert under the umbrella of the Mace Group – and now, as an independent company we will be able to build on that success to invest in new and transformed services for our clients and create fantastic new opportunities for Macro colleagues across the globe.”

The divestment has prompted a restructure at the Mace Group. Just four years after aligning the business into four ‘Engines for Growth’, the group will be restructured and consolidated into two units – Consultancy and Construction.

The fourth Engine, Develop, will now be integrated into Consultancy. In the past two years, Mace said it had significantly reduced its development activities and would now offer 0nly development management consultancy services.

Alongside these structural changes, Jason Millett, currently Mace’s CEO for Consultancy, will take up the new role of Group Deputy CEO.

Millett starts his new job in the New Year, retaining oversight of the Consult Engine.

Jason Millett to become Mace Group deputy CEO 

In the post, he will work closely with group chair and chief executive Mark Reynolds delivering the remaining three years of Mace’s 2026 Business Strategy to target £3bn turnover.

He will also lead the launch of ‘Vision 2030’, a strategy setting exercise running over the next twelve months to shape the future of the Group over the next seven years.

Mace said his appointment would help to ensure stronger governance, closer alignment, and more effective oversight of Mace’s operations as it continued to grow.

Reynolds said: “Mace’s core expertise has always been in delivering the complex and challenging projects and programmes that have shaped the last thirty years of our growth.

“Our ambition is to be the leading company of global programme and project delivery consultants and construction experts, and I look forward to working with Jason in his new role and the wider Mace team over the next few years to make that a reality.”

Latest news

Comment: Gateway is acting like a barricade

Contractors left banging their heads on an (unbuilt) brick wall
18 hours ago

Final phase of £1.5bn Elephant and Castle revamp hits planning

Get Living submits revised plan for 500 homes and 450-bed student block
2 days ago

Ealing backs final phase of £1.3bn estate rebuild

Friary Park estate rebuild in Acton reaches end stage
18 hours ago

Green light for scaled-down Nottingham student tower

Glasshouse Street scheme will deliver 247 student rooms
18 hours ago

Aston Villa to revamp North Stand

Club to reuse existing structure rather than complete rebuild
2 days ago

Mace signs ex-ISG director to lead Euro health and tech push

Gary Sweeney to head up healthcare and life sciences consultancy arm
17 hours ago

Sir Robert McAlpine claws way back into profit

Firm says return to profit and strong cash balance validates new strategy
2 days ago

Severfield to cut staff by 6% amid pricing pressure

Steelwork contractor warns of extended tighter pricing due to project delays
2 days ago

JRL completes sale of 50% stake to Malaysian giant IJM

Deal boosts balance sheet and kicks starts growth plan
2 days ago

Green light for £100m Liverpool Baltic station build

Enabling highway works to start in the autumn
3 days ago

First live tests for flying construction robots

Drones can lay construction materials at height on site
2 days ago

Three firms land £170m Gentoo Sunderland housing deal

PHS Solutions, Esh and RE:GEN to deliver 10-year home upgrade plan
3 days ago

Gateway gridlock hits build-to-rent delivery as starts nosedive

Build to rent starts plunge 18% in the capital
3 days ago

Call to shift Gateway 2 checks to end building bottleneck

"The current system isn't working but we all want to see safe buildings"
3 days ago

GBN launches £600m bid race for SMR engineer roles

Owner engineers to provide technical and assurance services
3 days ago

Wates hires ex-Homes England chief to head public sector push

Robert Stone to spearhead its public sector and national frameworks strategy
3 days ago

Acheson Construction collapse costs suppliers £8.5m

One frustrated creditor seized a telehandler after contractor went into administration
3 days ago

Dominus wins go-ahead for 173-bed Glasgow scheme

Old Wynd Street job expected to cost around £25m to build
3 days ago

Safety Regulator misses deadline to clear Gateway 2 backlog

Investors pulling out of funding high rise buildings
4 days ago

CITB still sitting on £95m cash pile

Staff numbers jump from 666 to 763 as training body wage bill soars
4 days ago

£500m road surfacing framework market call

NEPO goes out to consultation on north east regional highways deal
4 days ago

Two share £220m Scottish rail repairs and minor works deal

AmcoGiffen and CPMS win civils and building repair deals
4 days ago

Builder wanted for £60m London leisure and flats job

Tower Hamlets aims to replace St George’s Leisure Centre in Shadwell
4 days ago

Contractor confirmed for business park expansion

Roe Developments to start on next phase of Castle Donington scheme
4 days ago

Driver escapes injury as scaffold collapses onto van

Major three-lift scaffold fall blocks north London high street
1 week ago

Gilbert Ash to be sold to staff

£267m turnover contractor to transition to an Employee Ownership Trust
1 week ago

M Group seals biggest-ever deal with Telent takeover

Digital infrastructure specialist deal lifts turnover to £3bn
1 week ago

Aggregates firm Ashville went down owing more than £3m

Debts revealed in Companies House update
1 week ago

Cardo saves 100 jobs at Breyer roofing arm

Private equity-backed Welsh maintenance group continues to expand
1 week ago

Excavator knocked off lorry going under bridge

Traffic Commissioner inquiry after accident in south London
1 week ago

Contractor services