We are pleased to announce the successful sale of our long-term client, ACE International Consultants (ACE), to AECOM Technology Corporation.
ACE is an international development consulting business headquartered in Spain, providing economic and project management consultancy to a wide range of governments in emerging economies.
AECOM has been ranked as a leading engineering design firm, with over 45,000 employees, including architects, engineers, designers, planners, scientists and management and construction services professionals. Serving clients in more than 150 countries, it provides a blend of global reach, local knowledge, innovation and technical excellence in delivering solutions that create, enhance and sustain the world’s built, natural, and social environments.
Bruce Ramsay of Equiteq was the lead advisor to ACE and commenting on the deal he said: “Many consultants in this industry focus just on the delivery of a range of projects, and expect to build value just from their revenues. Antonio Bonet, founder and CEO of ACE and his team invested in their underlying methodologies, building a single system to support the process from initial market news on potential projects, through all aspects of bidding and project management, right through to invoicing. It was this tight measurement and management of the business, combined with the sector focus, that created the revenue growth and an attractive target for potential acquirers.”