Corporate consultancy firm Deloitte will move into the construction infrastructure space, following acquisition of national advisory firm PDS Group.
The deal will see Deloitte, one of the largest global consultancy companies, offering project and development management to construction companies. This is the company’s first foray into the construction and infrastructure industry.
Deloitte Australia CEO Adam Powick said the move was innovative, interesting and ultimately driven by the pandemic.
“With the construction sector, and the infrastructure agenda being such an important driver behind Australia’s COVID-19 recovery, there is significant demand for advisory and project management services.
“Deloitte has strong capability across a range of public infrastructure and real estate advisory areas. This partnership with Andrew and the PDS Group team will complement and enhance our existing market offerings to cover the complete infrastructure development value chain,” Powick said.
Melbourne-based PDS Group provides end-to-end project and development management and project advisory services, with the capability to manage all stages of development.
PDS Group has managed development of over 600 projects across the private and public sectors, including residential, commercial, retail and hospitality, across Australia.
PDS Group Co-founder and Managing Director, Andrew Fortey said “this move offers an opportunity to expand and grow our established networks further into upstream and early engagements with government and large multinational clients, and will provide our people with significant career advancement opportunities through accelerated growth supported by the leveraging of Deloitte’s significant regional and global network.”
David McCarthy, Deloitte Financial Advisory Managing Partner, said the acquisition was necessary to fulfil the development ambitions of its existing client base.
“By joining forces with PDS Group we will realise a long held ambition to deliver our clients end-to-end capability in this space, from strategy and planning, to funding and procurement, and, now first-class project delivery.
“Together, our collective experience will provide a unique and unrivalled mix of strategic, operational and financial expertise to clients in Australia and across the region,” McCarthy said.
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Image source: PDS Group
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