Jones Lang LaSalle (JLL) has bought project and cost management service provider KHK Group.
JLL said the acquisition was one of its most significant and sizeable acquisitions in the
It said the combined business would move it into the
Head of JLL’s English business Andy Mottram, said: “This is a unique opportunity to fast-track our already strong growth in project and development management.
“KHK has an impressive track record, a great client list and highly complementary culture and commitment to service excellence.
“Our clients will benefit from continued excellent advice, greater depth of resource and more extensive nationwide coverage.”
KHK was set up by Richard Houghton, James Morris, Graham Kent and Jim Kelly in 2000.
The firm will be rebranded as JLL immediately.
The combined business group will be headed by JLL’s existing project and development service head, Mike Tiplady, as lead director; with KHK’s Houghton becoming chairman.
Houghton said: “This is an ideal strategic fit providing an important growth step for both firms.
“In our case, after realising our strategy for strong independent growth, the combination with Jones Lang LaSalle brings into scope the potential to work internationally with clients and to deepen and broaden existing relationships.”
JLL chief executive of EMEA, Alastair Hughes added: “This is the eighth small to medium sized acquisition we have made in the last 12 months in EMEA, as we continue to develop our service offering to clients with a careful blend of organic growth and tactical purchases.”
