Capita Symonds has announced it has acquired Northcroft for an undislosed sum.
Established in 1840, Northcroft employs over 150 staff in 10 UK offices providing cost and project management services across a wide range of sectors.
The company will join Capita Symonds’ Management division, one of the UK’s largest project delivery consultancies.
The division is currently project managing the new Library of Birmingham and the international roll-out of new stores for Mulberry, and has played a key role in delivering major schemes such as MediaCity UK and Riverside Museum, Glasgow.
Northcroft is delivering a range of projects across all sectors within the UK and internationally. They include a range of new build and fit-out projects for a number of high profile international financial institutions, the roll-out of a number of high street retail brands such as Strada, and a range of education schemes such as the University of Surrey Sports Park. Other projects include Ulster Hospital redevelopment, residential schemes and major infrastructure projects.
Capita Symonds and Northcroft have a long history of working together on a number of property and infrastructure schemes, most notably their shortlisted joint bid for Crossrail Project Delivery Partner in 2009.
Colin Harvey, Divisional Operations Director (Management), Capita Symonds, said: “Northcroft is a long-established name in the UK construction industry and we’re delighted to welcome its staff to our Management division. We aim to scale-up our operations in preparation for the return to growth of the UK economy whilst maintaining our international expansion. Northcroft will play a significant role in us achieving this.”
Northcroft chief executive Nick Howkins said: “We are delighted and excited to be joining Capita Symonds. Northcroft recognised some time ago the need to be part of a larger organisation to unlock the opportunities being presented in the current market.
“Increasingly, a number of our key clients are looking for a broader range of services, both on a global basis and throughout the UK. Working as part of Capita Symonds will give us the enhanced range of expertise and balance sheet to expand and develop our offer to clients as well as maintaining the high quality service delivery we have provided for over 170 years.”