Mace Group restructures as focus shifts to ‘two key areas’

Mace Group has four global hubs

Mace Group has announced a number of changes to its structure, including that Mace Operate (a specialist facilities management business) will become an independent business under the name ‘Macro’.

In a press release the company said that it will now focus on two key areas: Consultancy and Construction. Alongside the structural changes, the Group has announced it will appoint a new Group Deputy CEO, Jason Millett, currently Mace’s CEO for Consultancy, who will take up his new role in January 2024.

The company says that the new focus will enable it to enhance its offering to clients and invest further in its digital, net zero carbon and modern methods of construction capabilities, supporting a continued expansion across its four global hubs: UK and Europe, Asia Pacific, the Americas and Middle East and Africa.

The company says that their target turnover of more than £3 billion (US$3.6 billion) in 2026 remains unchanged.

The management buy-out of Mace Operate has been led by Ross Abbate, Mace Operate’s CEO, Chris Bampton, Operate’s financial director, and Mark Holmes, who recently announced his intention to step down as Mace Group’s Deputy Chairman and will become Chair of the newly independent company.

Macro is now an independent facilities management company employing more than 700 people globally, with an annual turnover of £120 million (US$145 million). Macro and Mace Group will retain a close relationship, with a transitional services agreement in place for the next nine months to enable the new business to establish its independence.

“Mace’s core expertise has always been in delivering the complex and challenging projects and programmes that have shaped the last thirty years of our growth,” said Mark Reynolds, Mace Group’s Chair and Chief Executive.

“Our purpose challenges us to continue to push for transformational change in our industry and global growth, and with our new structure in place we’ll now be looking beyond the next few years to a step change in our scale and capabilities by 2030.”