Savills has announced the acquisition of Macro Consultants LLC, a leading project management firm in North America for an undisclosed sum. The agreement accelerates the expansion and scope of Savills existing advisory and management service platform in North America, enhancing the firm’s ability to deliver tier-one project management and consulting solutions to its global client base.
Established in 1993, Macro has over 85 employees located in offices across New York, Los Angeles, Washington D.C, Denver and Philadelphia, they will join Savills existing team of 50 to create a leading force in this area. Managing Principal of Macro, Michael Glatt, will take on the role of vice-chairman and head of project management for Savills North America. Services include advice on budget, design and execution of a wide range of capital projects, including relocations, expansions and modernisations for clients ranging from not for profit organisations to Fortune 100 companies.
Mark Ridley, Group and Global CEO of Savills, said: “Macro will complement our existing project management services across the firm, broadening our offer in North America and expanding our services to global clients. This acquisition is in line with Savills strategy to further grow our North America platform providing a full-service offering for our clients.”
Mitchell S. Steir, Savills Chairman and CEO of North America, added: “I have great respect for Michael’s leadership, his team will add first-rate supplemental strategic and program management services related to a client’s real estate portfolio. Macro has a unique history of combining acumen with advocacy that serves to forge long-term partnerships with some of the most prestigious brands in the world, making them the perfect partner to help us achieve this goal.”
David Lipson, Vice Chairman of Savills North America, said: “This new partnership enables us to better help our clients manage the large, complex and mission-critical projects at the core of our advisory services. We have worked closely with Michael Glatt and the Macro team over the past 10 years as they successfully completed projects for our mutual clients. Many Savills leaders have had the benefit of seeing Macro’s efforts first hand, resulting in rave reviews from our clients.”
Michael Glatt commented: “Our client-first approach to project management, combining our experience, deep expertise and passion for on-time and on-budget delivery, is in perfect alignment with Savills approach and industry leadership. As we transition to the coming years of success, I’m very proud to be sharing this moment with our family of employees, all of whom are critical partners in this new phase of growth.”