RLF snapped up by 拢45m turnover project and cost manager

Cost consultant RLF has become the latest UK business to be picked up by a rival from across the Atlantic with the firm being snapped up by a US firm for an undisclosed cash sum.

The move will see RLF鈥檚 100-strong staff join MGAC, a project and cost manager which has six offices across the US and Canada, including New York, Seattle and Toronto, and is headquartered in the American capital Washington DC.

RLF has been going for nearly 140 years and has offices in London, Birmingham, Brighton and Glasgow.

twickenham

RLF carried out cost consultancy work on the redevelopment of Twickenham station in south-west London

The deal will see current RLF managing director David Thomson stand down after a decade in charge and replaced by its executive partner Sean Clemons.

The new business, which will have a combined staff of 270 and annual revenue of 拢55m, will specialise in cost and project management along with construction management, health and safety and building surveying.

RLF鈥檚 clients include Bruntwood SciTech, BAM Properties and the Institute of Cancer Research.

MGAC, which has been celebrating its silver anniversary this year, was set up by current president Mark Anderson who said of the deal: 鈥淭here was a real opportunity for a strategic transatlantic expansion. We have been working in the UK for more than 20 years and we saw RLF as the ideal firm for us to establish stronger roots in the country and across Europe.鈥�

mark anderson

MGAC boss Mark Anderson said the deal will help the US firm break into the UK and Europe

Other UK firms to have been picked off by US rivals recently include Hoare Lea which was bought over the summer by Tetra Tech for an undisclosed sum while the same firm paid 拢43m for WYG more than two years ago.

And CBRE is expected to wrap up its deal to buy 60% of Turner & Townsend for 拢960m by the end of the year.

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