Mace Consult Secures Majority Investment from Goldman Sachs

06 August 2025

Mace Group’s consultancy arm has announced a majority investment from Private Equity at Goldman Sachs Alternatives.

Mace Group’s shareholders, including Executive Chair Mark Reynolds and Mace Group CEO Jason Millett, will retain a minority stake in Mace Consult. Mark Reynolds will also chair the new Mace Consult Board. Davendra Dabasia will continue to lead Mace Consult as CEO.

The deal marks a step towards Mace Consult’s ambition to become the world’s leading programme management consultant as an independent business. The business has managed projects such as the Hudson Tunnel Project in New York, Qiddiya in Saudi Arabia and the New Hospitals Programme in the UK. It generated £687m of revenue in 2024 and employs more than 5,200 people across Europe, the Americas, Asia Pacific and the Middle East and Africa.

Mace Consult will now target strategic acquisitions in key markets, including North America.

Davendra Dabasia, Mace Consult’s CEO, said: “I am excited to lead Mace Consult on this next stage in our journey, working in close partnership with Goldman Sachs Alternatives. Our teams around the world have delivered exceptional growth over the past few years, and our new partnership will enable us to build on that to become the world’s leading delivery consultant.

“As a standalone business, we will be positioned to further support our global infrastructure and built environment clients by scaling up at pace in North America and enhancing our digital solution delivery for clients."

Mark Reynolds, Mace Group’s Executive Chair, added: “This transaction is a key milestone in securing the long-term future of Mace Consult, enabling the next phase of growth for our global consultancy practice. The shareholders, the board and I are extremely proud of the progress we’ve made collectively to achieve this outcome.

“Since 1990, and accelerating since the success of the London 2012 Olympics, Mace Consult has transformed the industries it serves, delivering to exceptional standards and redefining the boundaries of ambition. We have established a foundation to enable the business to flourish for decades to come.

Picture: a photograph of Davendra Dabasia. Image Credit: Mace Consult

Article written by Ella Tansley | Published 06 August 2025

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