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After months of work to separate the two businesses, Mace Group has completed its demerger and the divestment of Mace Consult.
Mace Consult, which operates internationally, is now majority owned by Goldman Sachs Alternatives, with Mace Group shareholders retaining a minority interest.
The remaining UK-focused Mace Construct contracting business will, as previously reported, be changing its name in the coming months, having sold the rights to use the Mace name as part of the deal.
Mace Group executive chair and primary shareholder Mark Reynolds said: 鈥淭his is an important day for everyone who works for Mace Group and Mace Consult 鈥� now two bold independent businesses with a shared heritage, but now with divergent ambitions for the future.鈥�
In a company statement Mace Consult said that being independent from Mace Group meant that it could now be 鈥渇ocused purely on managing delivery for clients鈥�.
Mace Consult chief executive Davendra Dabasia said: 鈥淭oday marks the beginning of an exciting new chapter for Mace Consult. Our partnership with Goldman Sachs Alternatives gives us the capital and strategic backing to scale our operations, particularly in North America, and to invest in digital tools that provide greater predictability, automation and control to set new standards for programme and project delivery, unlocking value across the lifecycle. Our success is built on the talent and dedication of our people, who retain specialist knowledge, for whom this investment offers meaningful career growth as we expand globally.鈥�
In its statement Mace Consult said that it generated close to US$1 billion in revenue in 2025. Latest Companies House filings show 拢110m revenue for Mace Consult Limited, which suggests overseas operations not filing into Mace Consult Limited but into Mace Finance, which until this week was the ultimate owner of both Mace Consult and Mace Construct. Latest Mace Finance accounts, for 2024, show Mace Consult turnover of 拢687m and Mace Construct turnover of 拢2,100m.
Mace Group chief executive Jason Millett, who used to run Mace Consult but is now with the Construct business, said: 鈥淲hat each business has achieved over the past three decades is phenomenal; the growth, the success, the trust our clients have placed in us and the opportunities we have been able to give our people. Personally, it was a privilege, and I will be forever grateful to have led Mace Consult to become the leading global programme manager. I can鈥檛 wait to see what Davendra and his team go on to achieve. At Mace Construct, we have a really exciting future ahead of us. Holding on to everything that made us great before but with a clearer focus, stronger operating model and growth plans grounded in resilience.鈥�
Jose Barreto, partner within private equity at Goldman Sachs Alternatives, said: 鈥淲e鈥檙e looking forward to supporting Mace Consult as it continues to deliver enduring value for clients and communities worldwide.鈥�
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