Thu, 09 May 2024 | BUSINESS SALE
Leeds-headquartered professional services consultancy Turner & Townsend has acquired boutique consultancy ON THE MARK (OTM). OTM works with private and public sector clients in the UK and US to modernise operating models for regional, national and multinational businesses, NGOs and governments.
The company provides consultancy services that help organisations to ensure that operating models are fit for purpose and aligned with commercial aims, while also implementing cultural change. OTM has previously worked with Turner & Townsend on major defence transformation programmes.
Following the takeover, OTM’s team of 27 staff will join Turner & Townsend, working under the leadership of Head of Programme Advisory Dom Hollis. OTM will continue to be led by its current management team, working within the newly combined business.
Vincent Clancy, Chairman and Chief Executive of Turner & Townsend, said: "Across the globe, clients are navigating a fast-paced environment to keep major programmes in flight, and to get others off the ground - from building new defence capabilities and delivering the clean energy transition, to rethinking government investment for stronger social outcomes.”
"The complexity and transformative nature of these programmes requires a fundamental rethink when it comes to established operating models for the enterprises that deliver them. Bringing OTM's extensive expertise into our business will provide clients across the world with a unique collaborative design service and senior level programme advisory support to deliver this kind of rapid organisational change."
OTM founder and US Director Mark La Scola added that the takeover would build on the companies’ “combined capabilities and reach”, citing Turner & Townsend’s expertise in managing major projects and OTM’s capabilities in “collaboratively designing, and implementing fit-for-purpose operating models, based on people at the heart of our client's businesses.”
La Scola continued: "We will be able to offer our clients an improved full service and seamless experience whilst continuing to ensure the delivery of our groundbreaking, innovative operating model solutions to our wide range of global customers."
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