Mace Group announces investment in Mace Consult from Goldman Sachs Alternatives

Mace Group has announced a majority investment in Mace Consult by Private Equity at Goldman Sachs (GS) Alternatives through a carve-out from Mace Group. The new partnership will support Mace Consult’s ambition to become the world’s leading programme management consultant as an independent business. Mace Consult is a critical delivery partner for the world’s most complex and marquee infrastructure and built environment projects, including the Hudson Tunnel Project in New York, Qiddiya in Saudi Arabia and the New Hospitals Programme in the UK. Mace Consult generated GBP 687M of revenue in 2024 and employs more than 5,200 people across four global hubs: Europe, the Americas, Asia Pacific and the Middle East and Africa. Davendra Dabasia will continue to lead Mace Consult as CEO of the independent business. A number of Mace Group’s shareholders, including Executive Chair Mark Reynolds and Mace Group CEO Jason Millett, will retain a minority stake in Mace Consult and will work closely with Goldman Sachs Alternatives as members of the new Mace Consult Board. Mark Reynolds will be appointed Chair.