Canadian investment company Hennick & Company (HennickCo) has acquired a stake in Gardiner & Theobald (G&T), a UK-headquartered independent global consultancy specialising in construction and property services.
This strategic alliance is set to maintain G&T's autonomy, legacy, and brand identity while facilitating further development and market reach across the UK, the US, and other regions.
In the financial year ending 30 April 2024, G&T reported worldwide revenues amounting to £292m ($379m).
The partnership marks a significant milestone in G&T's history since its inception in 1835, promoting continuous innovation and growth.
It also ensures G&T's continuation as a limited liability partnership (LLP), offering future professionals the chance to become partners.
The unanimous vote by all equity partners at G&T reflects a collective endorsement of the strategic benefits this partnership brings, along with the expertise HennickCo contributes to fostering its expansion.
Post-partnership, G&T will retain its name Gardiner & Theobald LLP and its team will continue in their respective existing roles to guarantee uninterrupted client service.
With its headquarters remaining in the UK, G&T will operate under its established brand and maintain its current offices.
G&T's senior leadership, including managing partner Adam Glover, will sustain their roles with full operational control to preserve the company's ethos for its skilled workforce, clientele, and stakeholders.
All 157 partners will maintain their long-term ownership stakes.
Glover said: “We are delighted to welcome HennickCo as a long-term investor and well-aligned strategic partner. This provides G&T with an even stronger platform and significant financial strength to grow our business.
"The agreement with HennickCo outlines a plan for broadening G&T's ownership base over time to include new partners.”
This structure is designed to propel growth in key markets while ensuring G&T remains an attractive workplace for top-tier project managers, cost consultants, and specialist advisors.
Details regarding the financial aspects of the transaction have not been made public.
