US consultant to buy a top 20 British QS firm as part of its European expansion plan
US consultant Hill International has said it plans to buy a top 20 British QS in the next two years as part of its expansion into the European market.
The news comes a week after fellow US firm Aecom bought Savant, a 600-strong QS.
David Richter, Hill鈥檚 president and chief operating officer, said: 鈥淲e see the QS business in the UK being a good market for us 鈥� we鈥檙e looking at a major acquisition in the next two years. We鈥檙e waiting for the market to bottom out but when the economy turns around we鈥檒l be looking for a household name.鈥�
He added that the firm was also looking at a couple of 鈥渟mall鈥� acquisitions in the project management sector in mainland Europe.
Hill鈥檚 operations in the UK are focused on dispute resolution. Last year it bought a London QS called Shreeves, which has a turnover of 2.4m.
No comments yet