Paragon and Bond Davidson have merged to create a €25.1m (£22m) turnover building and project consultancy employing almost 200 people with offices in London, Esher, Manchester and Edinburgh. The merged business is currently advising on projects with a total construction value of €5.7bn (£5bn) and is now one of the UK’s largest independent building and project consultants. The new company's combined project monitoring offer will be the biggest of its kind in the UK, with 50 people advising on projects with a construction value of €3.4bn (£3bn).
Paragon and Bond Davidson unanimously decided to operate under one brand to ensure clarity of communication as the merged business implements its strategic growth plans, which may include further mergers or acquisitions. The shareholders of both businesses will all be shareholders in the merged company and will remain working in it.
Speaking on behalf of Paragon, John Munday said: “Paragon and Bond Davidson complement each other perfectly in terms of our respective project and building consultancy services and specialisms. We had a larger building surveying and due diligence offering whilst they had a larger project services offering. Together, we are significantly more skilled and able to advise a wider range of clients. Both businesses were independently considering acquisitions as part of their strategic growth plans, so the merger is perfectly timed. We are now one unified team. Both companies have been seeking new team members and by combining forces we partly achieve that objective, are stronger and can demonstrate greater experience. We also expect new job opportunities will be generated by the merger.”
Speaking on behalf of Bond Davidson, Matthew Dunn added: “The cultures of both businesses are very closely aligned and are inclusive and high performance. We celebrate individuality, charisma and ambition. We pride ourselves on having teams that think differently and act quickly. We will continue to embrace and foster this distinct culture to create further commercial advantages for clients and even greater career opportunities for our people. We are all about relationships, so the same people will be looking after the same clients throughout. The unified brand will not have any adverse impact on our service delivery, it will only improve it.”