Mace to Rebrand Construction Business as Consultancy Retains Name Under Goldman Sachs Deal

It has been confirmed that Goldman Sachs’ acquisition of Mace’s consultancy business will include ownership of the Mace brand name, prompting a rebrand of the group’s remaining construction contracting operation.

Six months after announcing the sale of its consultancy arm to the US investment bank, Mace Group has disclosed that its construction business will adopt a new name once the transaction completes. The new identity is expected to be unveiled later this year.

In the interim, the two operations will continue to trade as Mace Consult and Mace Construct. However, when the deal with Goldman Sachs is finalised, the consultancy business will retain the Mace name, while the construction arm will move forward under a new brand.

Jason Millett, chief executive of Mace, said the decision reflects the evolution of the business since its founding in 1990.

“Mace has continually transformed as we’ve grown – from a small consultancy, to a leading London contractor, and ultimately to one of the world’s foremost programme and project management businesses,” he said.

Millett explained that Mace Consult will become an independent company from January, led by Davendra Dabasia as chief executive, and will continue to build on the strength of the Mace brand in its international growth markets.

“Over the past decade, we have worked hard to establish Mace as a global benchmark for exceptional programme delivery. It is right that Davendra and his team are able to carry that brand forward as Consult continues to expand globally,” he added.

Turning to the UK construction business, Millett said the rebrand presents an opportunity for renewal.

“We see a clear opportunity for Mace Construct to evolve once again, adopting a new name and identity that builds on our strong relationships and reputation for construction delivery. This will allow us to set a bold new direction, with a renewed focus on our people, our purpose and what we are here to deliver.”

Both businesses will continue operating under the Mace name in the short term, but work on the new identity for the construction arm will take place throughout 2026. Millett said the process will involve close collaboration with employees, clients, suppliers and partners.

“The result will be a co-created identity rooted in our London heritage and who we are today – a progressive and innovative contractor with a clear ambition for the future.”