Building consultancy Ridge has bought London-based Concert, a data center-focused consulting company, to boost its business in that sector.
Concert was founded in 1974 as the Bruce Shaw Partnership, and has provided project managers, cost management and CDM consultants to clients including Ark Data Centres, CyrusOne, Colt DCS, Green Mountain, and Form8tion.
The deal was completed on November 3, and Ridge did not say how much it paid. Concert will operate under its current brand initially, with a phased integration throughout 2024.
Adrian O’Hickey, senior partner at Ridge, said: “This acquisition is the next stage in our vision of sustainably growing Ridge over the long term. Concert is well established in two of our target growth sectors: Data Centers and Commercial, and their talented team brings a depth and range of additional knowledge, skills, and relationships. This acquisition will also strengthen our offering in the competitive London market."
Rennie Dalrymple, managing director at Concert, added: “It is a very exciting time in the data center sector. Joining Ridge will enable us to strengthen and broaden our services, supporting clients with their significant investment plans for delivering complex developments in the UK and Europe. We look forward to being part of Ridge and supporting the business expansion in London by combining our highly experienced teams to deliver market-leading consultancy advice.”
Ridge has seen significant growth over the last few years - its headcount has risen from 500 to 1,100, and its fee income has increased from £55 million ($68.3m) in 2020 to a predicted £110m ($136.57m) in 2023.
The company provides consultancy services for property and construction in a variety of verticals, including education, healthcare, leisure, residential and housing.