Equiteq advises PDS Group in joining forces with Deloitte
Equiteq is pleased to announce that it has advised PDS Group, a leading Australian infrastructure and construction project management specialist in joining forces with Deloitte.
Deloitte Australia will transform its capability and market presence in the end-to-end public and private infrastructure project management space, joining forces with the team from PDS Group.
Founded and headquartered in Melbourne in 2003, PDS Group specializes in high-performance, cost-effective and innovative integrated project and development solutions for clients across multiple construction sectors – from commercial, industrial and residential, to public infrastructure.
With a track record supporting over 600 public and private sector projects, PDS Group services cover the full development spectrum, from conception to completion:
- Project management – including consultant and contractor selection and management, budget and cost management reporting, design management, program establishment, monitoring and reporting, project delivery and completion
- Development management – including site procurement and acquisition, feasibility investigation analysis, finance structuring, master and concept planning, settlement management and strategic planning
- Project advisory – including due diligence and risk management, feasibility and financial planning, asset optimization reviews, and asset management and capex works planning.
The 70-strong team, led by co-founder and Managing Director, Andrew Fortey, has a strong national presence – focused on Melbourne, Sydney and Brisbane, alongside Perth, Adelaide and Canberra. The Group’s expertise will be fully integrated into Deloitte’s market offerings, focused on sustainable infrastructure, precincts and public sector, while it continues to operate from its existing offices.
The tie-up will formally commence on 1 September 2021. Andrew Fortey will become a Deloitte Financial Advisory partner.
PDS Group Co-founder and Managing Director, Andrew Fortey, said: “This is an exciting time for our business. It’s clear that our client offerings will really complement Deloitte’s existing strengths and expertise in an area that is so important to Australia’s post-COVID-19 future.
"We have always had a relentless focus on providing our clients with the highest levels and quality of service, ensuring successful outcomes, enhanced reputations and longstanding repeat business. We see these same attributes in Deloitte and we look forward to sharing our advisory, development and project management capability further.
“This move offers an opportunity to expand and grow our established networks further into upstream and early engagements with government and large multinational clients and will provide our people with significant career advancement opportunities through accelerated growth supported by the leveraging of Deloitte’s significant regional and global network.
"There is a close alignment of our business cultures, expansion and market integration. Ultimately, we are excited about our future and what it will mean for our talented and wonderful team.”
About Equiteq's role in the transaction, Andrew Fortey, PDS Group Co-founder & Managing Director added: “Equiteq was instrumental in ensuring we were thoroughly prepared for this transaction and they provided exceptional support and sound advice throughout the entire process. Their strategic insights, creativity, professionalism and tenaciousness were crucial to delivering an outcome we are delighted with, and we were very happy to have them on our team.”
Alex Monck, Managing Director of Equiteq Australia & New Zealand said: “This is Equiteq’s latest transaction in the Australian real estate and infrastructure project management and advisory space. We were confident that PDS Group’s sophisticated operating platform, high-caliber people and cultural values would attract a premium consulting firm such as Deloitte. We are thrilled for the PDS Group founders and the broader team in having found the ideal partner for the next stage of business growth and we are proud to be a part of a transaction that has broken new ground for Deloitte.”
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