KPMG has acquired leading Irish construction project and cost consultancy firm KMCS for an undisclosed sum.
Founded in 1954, KMCS provides cost and project management services in Ireland and overseas.
KMCS’ staff of 35 will be fully integrated within KPMG and CEO Nigel Spence will lead the new business unit. They will relocate to KPMG’s offices at Stokes Place in Dublin 2.
KMCS is involved in construction project management, cost consultancy, mechanical and electrical cost management, and consultancy services.
KPMG said that KMCS clients have included Facebook, Stripe, Primark, Westridge Real Estate, Riot Games and FiServ.
In Association with
Nigel Spence (62) is the sole shareholder in KMCS Ltd. The company had 38 people on payroll in 2020, with a salary overhead of €2.8m. Total liabilities in December 2020 were €1.3m and new worth was €250,000.
Seamus Hand, managing partner of KPMG in Ireland commented: “We believe that the acquisition of KMCS is a great opportunity, representing another component of our growth strategy.
“Meeting the transforming and innovative needs of our clients is a vital part of what we do. This transaction does just that by combining the deep expertise of the KMCS team with KPMG’s capabilities, experience and client base across a number of industry sectors.
“As Ireland continues to attract high levels of foreign investment this is a timely acquisition which will facilitate investors when considering the allocation of capital to investment in Ireland.”
Nigel Spence, managing director of KMCS, said: “Combining our deep skills and construction consulting expertise with the depth, reach and reputation of KPMG provides really exceptional opportunities for our combined business and our extended client base.”
Mark Collins, who heads up deal advisory in KPMG, said the potential of the businesses combining has been recognised at a time of tremendous change and opportunity in the delivery of major projects.
Photo (l-r): Fiona Mullally of KMCS, Seamus Hand and Mark Collins of KPMG, and Nigel Spence, Orla McGuirk and Pat Walsh of KMCS. (Pic Julien Behal)
