A management buyout of Confluence Management, one of the UK's most successful construction management consultancies will give it the funds and resources to relocate and expand its West Midlands base.
The buyout has seen the company's management take on the company from its previous owners, the Singapore-based international construction management group, the Confluence Group.
Confluence Management will now make its existing Birmingham office its headquarters, while also retaining its premises in London, Manchester and Glasgow.
The buyout was aided with a £500,000 investment by the Exceed Fund, from Birmingham-based venture capitalists, Midven. The Exceed Fund's investment director, Surjit Kooner, said that the buyout would allow it to further its already strong success.
"Confluence has an excellent reputation in the marketplace and is well placed to take advantage of its high level of repeat business, its secured revenue and its specialist expertise," he said. "Here we have an established company that has a proven track record and as a separate group, will be able to respond much quicker to market changes and opportunities."
Confluence has provided project management services from concept through to completion on some of the UK's highest profile building projects. These have included the prestigious One Hyde Park development in London, which included Heston Blumenthal and Daniel Boulud’s restaurants in the Mandarin Oriental Hotel, and the refurbishment of the Hyatt in Birmingham.
