KPMG Ireland has acquired leading Irish construction project and cost consultancy firm KMCS for an undisclosed sum. Founded in 1954, KMCS provides services in the areas of cost and project management in Ireland and overseas. KMCS’ staff of 35 will be fully integrated within KPMG and CEO Nigel Spence will lead the new business unit. Nigel and his team have an extensive background in construction project management, cost consultancy, mechanical & electrical cost management and consultancy services.
Over the past several decades, KMCS have consulted on a wide range of projects in Ireland and abroad and clients include Facebook, Stripe, Primark, Westridge Real Estate, Riot Games and FiServ.
They also have a strong background in supporting Irish and international clients in various sectors as they seek expertise in significant construction and related projects. It is intended that KMCS will relocate to KPMG’s offices at Stokes Place, Dublin 2 in mid-2022.
Seamus Hand, Managing Partner of KPMG in Ireland said: “We believe that the acquisition of KMCS is a great opportunity, representing another component of our growth strategy. Meeting the transforming and innovative needs of our clients is a vital part of what we do. This transaction does just that by combining the deep expertise of the KMCS team with KPMG’s capabilities, experience and client base across a number of industry sectors. As Ireland continues to attract high levels of foreign investment this is a timely acquisition which will facilitate investors when considering the allocation of capital to investment in Ireland.”
Nigel Spence, Managing Director of KMCS added “This is an incredibly exciting time for the KMCS team as we bring our business to the next level. Combining our deep skills and construction consulting expertise with the depth, reach and reputation of KPMG provides really exceptional opportunities for our combined business and our extended client base.”