1 May 2023
TSA Management expands into the United Kingdom with key acquisition
TSA Management (TSA) today announce the acquisition of UK project management and quantity surveying business Henry Riley, marking the expansion of the Australian-based company beyond the Asia-Pacific and into the UK and Europe.
TSA, a project management and advisory consultancy backed by Quadrant Private Equity, will see its employee base expand from 650 to over 850 with a global footprint now reaching across the UK and Asia Pacific.
Established in Sydney in 2001, TSA already operates across Australia, New Zealand and Malaysia, with more than 150 clients across 12 sectors and $200 billion worth of projects under management.
Henry Riley has a proud 130-year history in the UK and has over 200 employees across 9 locations. Its clients include Bupa, Amazon, Ikea and the NHS and its property offerings include retail, residential, logistics, healthcare and airports.
TSA Management Chief Executive Officer Andrew Wilson says the cultural and regulatory similarities between the UK, Australia and New Zealand made it an obvious location for expansion.
“We are really pleased to be launching TSA Management into the UK and see great synergies in not only the project landscape but also the objectives, culture and operations of both Henry Riley and TSA,” Mr Wilson says.
“We are confident that these synergies and the continued diversification and enhancement of our capabilities, services and geography offer fantastic opportunities for our clients, our business and our people.
“By joining forces with this established and highly-respected name in the UK, we propel our business forward and continue the momentum we have created in recent times through a combination of organic and strategic, purposeful growth.
“Our global presence will allow us to continue to build on what we have already achieved in the Asia-Pacific region where we are established as a leading and highly-trusted project consulting business.
“Our ambition is to continue to provide clients with the expert, personalised approach we are known for but with increasingly global know-how and experience.”
Henry Riley CEO David Needham says, “As part of our 5-Year Business Plan, and in line with our ‘be ambitious’ value, we are looking to accelerate our growth. Not for the sake of growth alone, but for the value and opportunities growth creates for our business, and most importantly, our people. We feel TSA share our people-first culture and our commitment to integrity, as well as our broader values. From the start, our conversations have centred on what this move might mean for our people. We believe this partnership creates something bigger than the sum of the parts.”
The acquisition follows the recent TSA partnership with carbon management business ‘The Footprint Company’, which manages one of the world’s largest embodied carbon databases.
It continues a consistent period of growth where TSA has increased revenue by 400 per cent in 5 years, following strategic organic growth and 6 recent acquisitions including New Zealand firms Xigo and Cequent (project management), and Australian firms Advisian (advisory) and ProManage (project management).
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