KPMG buys High-Point Rendel
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.”
Source: Construction Enquirer – KPMG buys High-Point Rendel
