Bond Davidson and Paragon merge to create £22m turnover building and project consultancy with 200 people advising on projects valued at £5bn
The merged business is currently advising on projects with a total construction value of £5bn and is now one of the UK’s largest independent building and project consultants.
In addition, the new company believes that its combined project monitoring offer will be the biggest of its kind in the UK, with 50 people advising on projects with a construction value of £3bn.
The businesses will continue to operate as Bond Davidson and Paragon in the short term following the merger before aligning under the Paragon brand in November this year. This period allows the controlled, phased integration of the two companies’ people, processes and technologies, ensuring levels of service excellence are maintained throughout.
Bond Davidson and Paragon unanimously decided to operate under one brand to ensure clarity of communication as the merged business implements its strategic growth plans, which may include further mergers or acquisitions. The shareholders of both businesses will all be shareholders in the merged company and will remain working in it.
Some of the businesses’ principals, Bond Davidson managing directors, Malcolm Davidson and Matthew Dunn, and Paragon joint managing directors, John Munday and Robert Perry, have known each other for more than 20 years. They have worked together on a variety of projects, so understand and respect each other’s expertise and capabilities.
The principals believe the merged company’s combined offer will provide existing and potential clients with a much-wanted, larger scale viable alternative in the markets in which it operates.
Speaking on behalf of Bond Davidson, Matthew Dunn added: “The cultures of both businesses are very closely aligned and are inclusive and high performance. We celebrate individuality, charisma and ambition.
“We pride ourselves on having teams that think differently and act quickly. We will continue to embrace and foster this distinct culture to create further commercial advantages for clients and even greater career opportunities for our people.
“We are all about relationships, so the same people will be looking after the same clients throughout. The unified brand will not have any adverse impact on our service delivery, it will only improve it.”
Bond Davidson and Paragon have both built their success on shared core values of service excellence, collaboration, personality and trust, ensuring an ideal cultural fit between the organisations.
Speaking on behalf of Paragon, John Munday said: “Paragon and Bond Davidson complement each other perfectly in terms of our respective project and building consultancy services and specialisms.
“We had a larger building surveying and due diligence offering whilst they had a larger project services offering. Together, we are significantly more skilled and able to advise a wider range of clients.
“Both businesses were independently considering acquisitions as part of their strategic growth plans, so the merger is perfectly timed.
“We are now one unified team. Both companies have been seeking new team members and by combining forces we partly achieve that objective, are stronger and can demonstrate greater experience. We also expect new job opportunities will be generated by the merger.”
Bond Davidson was established 26 years ago in Esher whilst Paragon was founded as an independent consultancy in London in 2009. The companies have respective turnovers of £8m and £14m, and employ close to 80 people and 110 people respectively.
The merged company’s services and specialisms now include building surveying, project management, project monitoring, quantity surveying, cost management, M&E consultancy, environmental consultancy, occupier services, drone surveying, dispute resolution support services, rights of light and party wall services.