Turner & Townsend to acquire pan-African real estate project management firm Profica
Professional services company Turner & Townsend will acquire Johannesburg-headquartered specialist real estate project management and construction solutions consulting firm Profica.
This strategic acquisition marks a significant step in Turner & Townsend’s growth on the continent by bringing together two complementary businesses to create a pan-African real estate project management consultancy, the company says.
The combined business will enhance Turner & Townsend’s existing footprint, offering clients a broader range of services, deeper market insight and strengthened delivery capability across key African markets.
Profica has deep regional expertise and a strong client portfolio, including major office headquarters developments for Stanbic IBTC in Nigeria and Barclays Bank in Zambia, as well as the Netcare Alberton Regional Trauma Hospital and Old Mutual Precinct development in South Africa.
Profica has a team of more than 80 professionals operating across North, West, East and Southern Africa.
Upon completion of the transaction, Profica’s senior leadership will remain in place, playing a key role in integrating the businesses and driving future growth.
Completion of the transaction is subject to customary regulatory approval.
Turner & Townsend has operated in Africa for more than 40 years and currently operates in 13 cities in 11 countries.
The acquisition will expand the company’s reach to 19 cities in 16 countries, with about 400 employees, thereby reinforcing Turner & Townsend’s commitment to long-term investment and growth in the region.
“Earlier this year, we strengthened our senior leadership team in Africa, as a signal of our intent to grow our business in the region. This move further reflects our strategic commitment to Africa and our ambition to lead the market in real estate project management,” says Turner & Townsend regional MD for Africa Stephen McCartney.
“By combining our capabilities, we are creating a business with exceptional scale, expertise and reach across the continent. We are excited at the prospect of working with the team at Profica and the opportunities this will undoubtedly bring,” he says.
“There is a natural synergy between our two organisations, including culture and values and our focus on quality and client service. This partnership will allow us to offer clients a truly comprehensive and market-leading service across Africa,” says Profica CEO and founder Tim White.
“By pooling our expertise and capabilities, we will be able to offer clients an unrivalled hands-on delivery capability for their construction projects,” he says.
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