KPMG buys High-Point Rendel

Grant Prior 10 years ago
Share

Accounting giant KPMG has bought consultant High-Point Rendel Ltd.

High-Point Rendel specialises in large scale global infrastructure projects mainly in the energy, transportation, and oil and gas sectors.

Thirty-five staff from High-Point Rendel will now join KPMG’s Major Projects Advisory team to form anew practice known as KPMG-HPR.

Richard Threlfall, Head of Infrastructure, Building and Construction at KPMG, said: “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 said: “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.”

Latest news

Government wields procurement stick on late payment

New rules would block slow payers from bidding on big public jobs
2 days ago

Hercules buys power line labour firm for £15.7m

Labour supply specialist snaps up Advantage NRG to tap booming electricity upgrade market
2 days ago

Universal bid to fast-track planning for theme park

Entertainment giant eyes 2026 start at Bedford site
2 days ago

Developer Breck to transform former Ibstock brick factory

Ravenhead works to become 300-home development
2 days ago

SP Energy Networks awards contracts worth £1.4bn

First round of awards under £5.4bn national electricity grid upgrade programme
3 days ago

Travelodge to convert Liverpool Street office building

Office-to-hotel conversion in City of London
2 days ago

Plans lodged for 1m sq ft City of London office

Barbican landmark building will reuse 40% of existing structure
3 days ago

PTSG acquires roofing specialist HD Sharman Group

Premier Technical Services Group expands building maintenance division
2 days ago

Balfour Beatty lands £833m carbon capture power plant job

Work to start later this year on Teesside carbon capture gas-fired power station
3 days ago

Svella agrees deal to save Cubby Construction

Solvent purchase set to save 214 jobs and protect supply chain
3 days ago

J Coffey holds line on margins despite £52m revenue slide

Pre-tax profit down 14% but firm eyes strong pipeline to bounce back
3 days ago

Consultants called up for £2.3bn NHS SBS panel reboot

Market asked for views ahead of next-gen procurement rollout
3 days ago

Hochtief launches new UK data centre division

German business model to be introduced for UK construction
4 days ago

Construction skills body launches with 100,000 worker target

Industry to work closer with Jobcentres to find new talent
3 days ago

Kier lands £42m Midlothian school and community hub

Contractor strengthens presence in Scotland with big education job
3 days ago

BESA audit blitz sees 14 specialist contractors suspended

Building engineering services trade body cracks down on standards
5 days ago

Engineers pull-off 220m HS2 viaduct slide in 3 days

Five-structure Northants sequence ends with 1,300t deck slide - video
4 days ago

Managing Director moves to advisory role at Shufflebottom

Alex Shufflebottom steps-down after acquisition by Embrace
4 days ago

JV North unveils winners of £500m housing blitz

Consortium gears up to deliver 3,000 new homes across North West
5 days ago

Partnerships builder Keepmoat names new chief executive

Ian Hoad to take reins as Tim Beale steps down after eight years
5 days ago

Ballymore to transform former Crossrail construction site

Limmo Peninsula will be new neighbourhood in East London
5 days ago

Building Safety Regulator chief to step down

Search on to find replacement for Philip White
5 days ago

Amazon unveils £40bn investment plan for UK sites

Four new fulfillment centres confirmed as part of huge spending package
5 days ago

Glass bridge picked for Queen Elizabeth II memorial

New bridge and gardens will honour late Queen in the heart of London
5 days ago

Mears set to beat profit forecasts after strong first half

Maintenance growth and 100% contract retention drive bullish outlook for 2025
5 days ago

Bouygues lands London 150 key worker homes job

Affordable flats planned near London Bridge in landmark council scheme
5 days ago

Hebden Bridge £68m flood defence job heads to market

Market engagement opens on four-year Environment Agency scheme
5 days ago

Housing plans go in for abandoned theme park

Story Homes to transform former Camelot Theme Park in Lancashire
5 days ago

Morris & Spottiswood sees turnover and profits surge

Growth at M&E division helps power record numbers
5 days ago

Redundancies loom at M&E giant Dalkia

Consultation starts at Southern region
6 days ago