Two of Queensland’s leading project advisory and delivery consultancies, Ranbury and Project Support, have today announced a merger, providing a solid platform for future growth and significantly enhancing the service capabilities of both companies.
The merged company is poised to capitalise on the strong growth forecast for the transport, property and building, and resources and utilities sectors, with $169 billion of government infrastructure funding committed and forecast population growth driving demand for property development and urban renewal.
Ranbury Managing Director Brett Magnussen said the merger would enable diversification into additional sectors, services, and geographies, adding strength and resilience to the businesses.
“This is a merger of equals with a shared ambition to be a leading Australian project advisory and delivery consultancy that provides value for clients and contributes positively to the transport, property and building, and resources and utilities sectors,” Mr Magnussen said.
“The shareholders of both companies identified an opportunity to leverage our scale and combined capabilities to increase competitiveness and service delivery within a highly competitive industry.
“This merger will significantly enhance our offering in project and program delivery, property strategy and development management, infrastructure advisory, project planning and controls and Project Management Office services, and we gain the complementary capabilities of Project Support who have significant experience in these areas and industry-leading expertise in cost estimating.
“It also provides the opportunity to expand an already established presence in Sydney, Melbourne and North Queensland and take advantage of the ongoing demand for local knowledge and expertise,” he said.
Project Support Managing Director Peter Driml said one of the most important factors in agreeing to merge was that both companies shared the core value of remaining fiercely independent.
“Like us, Ranbury is a fiercely independent project advisory and delivery consultancy, which means the united company will continue to provide quality, independent advice to our clients,” Mr Driml said.
“The merger is an excellent cultural and strategic fit, enabling both companies to complement existing capabilities and increase our capacity to be considered for larger projects by our clients,” he said.
The merged company will have around 100 staff and turnover of approximately $24 million per annum.