Deloitte has acquired The Orange Partnership, a UK-based construction cost verification and assurance consultancy, to bolster its capital projects advisory services amid a surge in infrastructure spending.
The acquisition highlights Deloitte's strategic move to capture a larger share of the burgeoning infrastructure market by integrating specialized expertise in cost management, signaling a trend of consolidation and capability enhancement within the professional services sector.
Professional services firm Deloitte has acquired The Orange Partnership, a specialist construction cost consultancy, to enhance its advisory services for major infrastructure projects. The deal, which went live on Tuesday, aims to leverage the growing demand for stringent financial controls and cost assurance in the sector.
The UK government's 10-year infrastructure strategy, announced in June, commits at least £725 billion in public funding over the next decade, creating a significant opportunity for firms like Deloitte. The Orange Partnership's team, including its former founder and managing director Darren Ward, who now joins Deloitte as a senior director, will be integrated into Deloitte's capital projects advisory capability.
Ian Jackson, a partner at Deloitte UK, stated that the acquisition strengthens the firm's ability to provide resilient delivery and stricter governance over infrastructure spending, meeting increasing client demands. Ward commented that joining Deloitte represents a significant milestone, allowing the team to offer their independent cost assurance services to a broader client base and assist organizations in delivering major capital programs with greater cost certainty.