Mace sells £130m turnover FM arm to MBO team

Aaron Morby 5 months 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

McLaren gets green light for 45-storey Leeds tower

Landmark Wellington Square scheme will see 464 flats built with 360,000 sq ft of offices
22 hours ago

Heavy rain causes 1.9% construction output fall

Hopes remain undampened of a resi-led recovery this summer
22 hours ago

Taziker restruture to return to profitability after £1.2m loss

Founders bought the business back from private equity after last year's loss
23 hours ago

£220m London wharf homes scheme approved

285 homes to be built beside protected Albert and Swedish Wharves in Wandsworth
23 hours ago

Major project veteran named civils director for Sizewell C

David Speight previously worked on Hinkley, Heathrow and HS2 client teams
22 hours ago

Morgan Sindall lands £19m Milton Keynes hospital job

Crane lifts to be carefully co-ordinated to ensure air ambulance remains active
2 days ago

Clancy bolsters civils leadership team

Daniel Tonkin and Simon Hyams join as operation directors of water and infrastructure
2 days ago

Balfour names new project boss for HS2’s super-hub station

Steve O’Sullivan replaces Nigel Russell who was promoted to CEO of Balfour's HS2 ops
2 days ago

Buckingham Group supply chain hit doubles to £256m

Total owed to unsecured creditors soars as surety providers finalise claims
2 days ago

Builders demand an end to police plant bans

Call to suspend all embargoes on moving mobile cranes and large site kit
2 days ago

Green light for £65m Blackpool multiversity campus

Education campus of 350,000 sq ft will be delivered in phases
2 days ago

Vinci signs £138m Sheffield steel forge expansion deal

Sheffield Forgemasters signs landmark contract after two years of pre-construction works
3 days ago

McAlpine hires HS2 programme boss to head defence arm

Armed forces logistics expert Mike Hickson takes role as MD of defence
3 days ago

£200m carbon capture plan for Deeside site

Energy from waste operator enfinium looking to invest in North Wales plant
2 days ago

McAleer & Rushe promotes five staff to contracts directors

Design and build contractor targets £500m revenue next year
3 days ago

Consultant quartet win Government estate upgrade deal

Government Property Agency selects Arcadis, Tetra Tech, AtkinsRéalis and McBains
3 days ago

Resi towers pioneer to transform Liverpool site

Beetham founder Hugh Frost to help develop 1,200 new homes
3 days ago

Construction Manager of the Year crowned

Galliford Try's Barry Kingscote wins coveted prize: Full list of winners
3 days ago

Landsec £250m London terraced office job approved

Skanska tipped for 20-storey Hill House scheme near Fleet Street
3 days ago

Lendlease tops March contracts league

BAM and ISG rank third with big contract wins
3 days ago

Vistry strikes deal with Homes England for 1,000 units

Firm's timber frames factory will supply most of the Midlands houses
3 days ago

Morgan Sindall go-ahead to build 23-storey Salford resi job

Funding deal with CBRE allows latest project on bank of River Irwell to proceed
4 days ago

Unite Students gains planning for London and Bristol schemes

RG Group will build landmark Stratford tower and Freestone Island projects
4 days ago

Rolls-Royce gets go-ahead for 1.1m sq ft expansion in Derby

Major expansion of Raynesway campus planned to met submarine fleet orders
4 days ago

GMI Construction edges back into profit

A year of controlled consolidation helped generate £0.9m profit but cash at bank dropped to £10m
4 days ago

Balfour gets final sign-off for HMP Highland at £209m

Deal struck for delayed Inverness prison after costs rocket
5 days ago

Renew buys bridge maintenance business

Contractor boosts highways division with £5m acquisition
4 days ago

HS2 tests market for £150m mass transit job

2.4km long elevated Automated People Mover to go out to tender in 2026
4 days ago

Cardo completes fourth acquisition in a year

Expanding Welsh building maintenance specialist reaches £170m turnover
5 days ago

Watchdog clears Heidelberg takeover of Mick George

Four quarries and five ready-mix operations to be sold to meet competition concerns
5 days ago

Contractor services