Savills plc, the international real estate advisor, has acquired Macro Consultants LLC, a project management firm in North America.
The acquisition completed on 11 March 2020 and is part of the firm’s strategy of expanding the complementary real estate consultancy services offered by Savills US and its other businesses around the world, said Savills in the statement.
”I have the absolute pleasure of announcing one of the most exciting milestones in this company’s history: Macro is becoming part of the London-based Savills family, a global real estate services firm,” said Michael Glatt, Vice Chairman, North American Head of Project Management.
”As industry leaders, we have always known we wouldn’t be satisfied with the status quo. Our deep care of our clients compels us to evolve with technology as it changes, anticipate industry needs – locally and worldwide – and grow our expertise. With Savills, we found the right partner with the right platform – the right people at the right time – a connection that enables us to do all of this. Not only are our values and mission aligned, but together we transform into something extraordinary. Macro will be able to offer our industry-leading services to our clients, seamlessly, globally. In turn, Savills is able to deepen their delivery of top-notch, end-to-end management services. It’s an equation that makes perfect sense. One plus one equals five,” he added.
Macro was founded in 1993. The business employs more than 90 staff located in offices across New York, Los Angeles, Washington D.C, Denver and Philadelphia.
The firm provides advice on budget, design and execution of a wide range of capital projects, including relocations, expansions and modernisations for clients ranging from not for profit organisations to Fortune 100 companies and will be integrated with Savills existing 50s-strong project management team.
Mitchell S. Steir, Savills Chairman and CEO of North America, added: “I have great respect for Michael’s leadership, his team will add first-rate supplemental strategic and program management services related to a client’s real estate portfolio. Macro has a unique history of combining acumen with advocacy that serves to forge long-term partnerships with some of the most prestigious brands in the world, making them the perfect partner to help us achieve this goal.”
David Lipson, Vice Chairman of Savills North America, said: “This new partnership enables us to better help our clients manage the large, complex and mission-critical projects at the core of our advisory services. We have worked closely with Michael Glatt and the Macro team over the past 10 years as they successfully completed projects for our mutual clients. Many Savills leaders have had the benefit of seeing Macro’s efforts first hand, resulting in rave reviews from our clients.”