From left, Paragon’s Robert Perry and Bond Davidson’s Malcolm Davidson celebrate creating one of the UK’s largest independent building and project consultants, alongside Paragon’s John Munday and Bond
Edinburgh-based independent building and project consultancy Paragon has merged with Bond Davidson to create a £22m turnover business employing almost 200 people with additional offices in London, Manchester and Surrey.
The merged business, which has its Edinburgh office on George Street, is currently advising on projects with a total construction value of £5bn.
The new company believes that its 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 £3bn.
The businesses will continue to operate as Paragon and Bond Davidson in the short term following the merger before aligning under the Paragon brand in November this year. This period allows the controlled, phased integration of the two companies’ people, processes and technologies, ensuring levels of service excellence are maintained throughout.
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.
The principals believe the merged company’s combined offer will provide existing and potential clients with a much-wanted, larger scale viable alternative in the markets in which it operates.
Speaking on behalf of Paragon, managing director 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.”
The merged company’s services and specialisms now include building surveying, project management, project monitoring, quantity surveying, cost management, M&E consultancy, environmental consultancy, occupier services, drone surveying, dispute resolution support services, rights of light and party wall services.
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