Property consultancy snaps up counterpart to create 700-strong staff
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Ridge and Partners LLP has acquired Projex Building Solutions Limited, a multi-service advisory firm representing many of the UK’s top real estate developers, users and funds.
The transaction will strengthen the existing Ridge teams in Leeds and Birmingham while expanding their extensive know-how.
Projex was founded 12 years ago and employs 36 people across its offices in Leeds (23) and Solihull (13) who work in a variety of sectors in the UK and Ireland including healthcare, retail, data center, industrial, manufacturing, commercial , Hotels and residential.
The company recently launched a new £ 1.5 million warehouse expansion program that includes the ongoing construction of new facilities in Harrogate, York, Beverley, Leeds and Ilkley.
Phil Tomalin and Nick Keaney are now Ridge partners and will help integrate the two companies to ensure a seamless transition for customers.
With the move, all 36 Projex employees will join Ridge. The total workforce at Ridge will grow to more than 700 people in its 12 offices.
Adrian O’Hickey, Senior Partner at Ridge, said: “This is a great fit for Ridge in terms of our continued growth – we are expanding our skills and expertise as we reach the landmark 700 brand during our 75th anniversary this year Reach employees.
“Projex’s culture and added value approach complement the Ridge brand and I look forward to developing a successful future together.”
Projex joint managing director Phil Tomalin added: “The Ridge brand, culture and strategy offer a bright future for our skilled and experienced employees.
“As with Ridge, much of our work is repeat assignments, which shows the attention to detail and proactive approach we offer on every project.”
Jason Howard, Ridge Partner responsible for the company’s Northwest operations, said, “There are many benefits to our full service offering and we look forward to welcoming Projex’s many valued customers and experts.
“With so many first-class colleagues coming to us, our existing customers and our team also have considerable added value.”