Equiteq, the consulting sector M&A specialist, is pleased to announce that its client, Suiko, a pioneer in lean approaches, has been acquired by Turner & Townsend in a move that will see it embed the benefits of lean thinking into the delivery of capital programmes. The deal was completed on June 21, 2016. Equiteq acted as the lead advisor to Suiko throughout the sale, with Bruce Ramsay and Ed Groome leading the team from Equiteq.
The acquisition positions Turner & Townsend as the first independent construction consultancy to offer lean expertise at all stages of project delivery and into operations.
For nearly two decades, the Bath-based Suiko has been at the forefront of applying lean management techniques across a range of industries. First developed by Henry Ford and perfected by the global carmaker Toyota, lean strategies help large organizations to radically improve efficiency and collaboration – and minimize waste.
Founded in 1997, Suiko takes its name from a Japanese word for ‘performance’ and specializes in fostering operational excellence by helping its clients to increase performance and profitability.
Its innovative approach has seen it deliver efficiencies for a string of global and household-name brands, as well as several leading construction contractors.
The integration of Suiko’s cross-industry experts into Turner & Townsend will create a unique proposition for the construction sector – allowing clients embarking on capital programmes to embed tried and tested lean techniques right from the start.
Vincent Clancy, Chief Executive Officer of Turner & Townsend, says: “The acquisition of Suiko is a step change for Turner & Townsend. The integration of lean expertise not only strengthens and differentiates our offering, but will also drive substantial progress in how programmes and projects are delivered.
“With UK Government figures revealing in April that levels of productivity in construction have improved by just 1.4 percent in the past two decades, best practice has only taken the industry so far. We believe now is the time to truly embed lean techniques into the way things are done in the industry.
“Suiko’s track record in implementing lean, coupled with their style in working with their client to build capability within their organizations to drive sustainable results makes them a perfect cultural fit with Turner & Townsend. “
Andy Marsh, Managing Director of Suiko, added: “Suiko and Turner & Townsend have a history of working together successfully, which shows the compatibility of our organizations and confirms the appeal of our combined expertise.
“Suiko built its reputation through the delivery of sustainable efficiency for a wide range of global brands, making us natural partners with Turner & Townsend. Our decision to join forces now is about the right fit, the right product, and at the right time.
“We’re hugely looking forward to becoming part of Turner & Townsend and building on our combined strengths to deliver better outcomes for more clients across more sectors.”
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