Economic consultant KPMG has acquired the assets of the strategic management and commercial consultancy arms of High-Point Rendel, an international project consultancy company.
The deal was for an undisclosed sum.
High-Point Rendel provides specialist delivery, commercial, contractual, programme and risk management services to help public and private owners, investors, contractors and vendors involved with large-scale global infrastructure projects.
Its clients operate mainly in the energy, transportation, and oil and gas sectors.
In addition, the company specialises in turning around of projects suffering delays and cost overruns.
Thirty-five staff from High-Point Rendel will mostly join KPMG’s major projects advisory team.
The new practice will be known as KPMG-HPR.
Richard Fleming, Head of Advisory at KPMG (pictured), said: "Global investment in infrastructure is growing at an exponential rate, with spend predicted to reach $70bn 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."
Recently KPMG delivered a report into Balfour Beatty’s underperforming UK division.
Image: Richard Fleming, KPMG Head of Advisory (LinkedIn)