Multi-billion-dollar firm buys SA business Capisce QS
South Australian cost management firm Capisce QS has been acquired by UK giant Turner & Townsend (T&T) for an undisclosed amount.
The global professional services firm said the deal would strengthen its cost and commercial advisory offer in South Australia and nationally.
Capisce QS is a CBD-based quantity surveying firm and has supplied cost management services for major South Australian projects such as the Adelaide Airport terminal expansion, the upgrade of the University of Adelaide’s Nexus 10 building and the revamp of Moonta Street for the Adelaide City Council.
The company was founded in 2018 and has since found a customer base in the real estate, infrastructure, energy and natural resources sectors.
T&T is headquartered in Leeds but has offices globally and was valued at approximately US$2.2 billion in 2021.
Capisce QS managing director Luke MacConnell will lead T&T’s cost and commercial management team in South Australia under the direction of Gail Rogowsky – the cost and commercial management lead for T&T across Australia and New Zealand.
MacConnell said Capisce QS and T&T shared a “passion for delivering exceptional client outcomes through collaboration and making a sustainable impact across the industry”.
“In combining our own deep expertise in cost management, with the strength and capability of Turner & Townsend, we are ensuring that we can continue to set the bar high for our clients and their projects,” MacConnell said.
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“Our aligned growth strategies reinforce the rationale for combining our businesses, and I’m excited about the opportunities this will create for our team and our clients.”
T&T hopes the combined companies will “deliver enhanced insights and data, enabling clients to achieve outcomes that support economic growth and the South Australian community”.
T&T Australia and New Zealand managing director Darren Munton said now was “a crucial time for South Australia’s construction industry as investment ramps up in key sectors including defence and clean energy”.
“The commercial performance of major projects and programs will be essential for achieving value for money and sustainable outcomes from the pipeline of investments.
“This partnership enhances how we support our clients now and, in the future, positioning ourselves at the forefront of cost, project and program delivery in the local market.”
