CONSULTANT WHITE Young Green plans to earn a reputation for designing iconic projects following its £10.5M purchase this week of structural engineering firm Adams Kara Taylor (AKT).
'AKT is heavily involved in iconic buildings. Being at the cutting edge of engineering is somewhere we'd like to be, ' said White Young Green chief executive John Purves.
He said that AKT would retain its name, 'which has strong brand associations', but that over the next year the two rms would become increasingly integrated.
'We are strongest in the north of England. We're pushing into international markets. And we have a strong public sector portfolio, ' said Purves.
'AKT is extremely strong in the south east, has an excellent international reputation, and a strong private sector client list, ' said Purves. 'We believe that the merger makes us both stronger.' AKT founding director Hanif Kara said that the move gave his firm access to a new pool of civil and structural engineers.
'We've grown to 125-strong in the last decade and are now having to turn down work because we can't grow fast enough, ' Kara said.
'This venture will enable us to resource jobs and meet demand.
It will also provide White Young Green staff with a whole load of new opportunities, which should help with retention.' AKT was owned by its directors and although White Young Green has purchased the firm for £10.5M, the deal is potentially worth £14.5M. The consultant is holding back £4M for release depending on AKT's future performance.
'Our firm and White Young Green share the maxim 'people, product, price', in that order of importance. Pay attention to your people and the product or service you provide, and you'll get the right price, ' said Kara.
'The £4M retention is to ensure that we don't put our feet up and keep delivering.'