Deloitte acquires TMA Construction Consultants
Acquisition expands the reach of Deloitte’s Infrastructure and Capital Projects (I&CP) group across Canada
Deloitte acquires TMA construction consultants to expand the reach of its Infrastructure and Capital Projects (I&CP) group across Canada.
Toronto, September 30, 2013 — Professional services firm Deloitte has acquired TMA Construction Consultants, a move that strengthens Deloitte’s Infrastructure and Capital Projects (I&CP) expertise. This acquisition expands the reach of Deloitte’s I&CP across Canada. TMA brings a depth of industry knowledge and experience in dispute resolution and project management in the construction industry.
Demand for business advisory services for infrastructure and capital projects in Canada is growing given the global demand for energy and resources and the required domestic increase in public sector spending for infrastructure. Globally, this trend is consistent in much of the developed world, in addition to an urbanization boom in developing countries.
TMA joins the Financial Advisory service of Deloitte.
“Given the current acceleration in infrastructure and capital spending right across the country, this move creates an opportunity to add significant value to our clients in all industries and from a national perspective,” said Iseo Pasquali, Managing Partner, Financial Advisory, Deloitte. "This added depth and talent will support our clients as they grapple with complex projects that will have a significant impact on the Canadian economy.”
TMA offers consulting services in the construction industry, primarily focused on industrial, infrastructure and institutional projects. TMA’s team specializes in dispute resolution with expertise in the areas of project delay analysis, labour productivity impact analysis and the quantification of damages on construction projects.
Lorna Tardif and Maged Abdelsayed, Principals at TMA Construction Consultants, will join Deloitte as Partners.
“Coming together with Deloitte offers us a chance to be among peers and integrate our expertise into Deloitte service offerings,” said Tardif. “Clients will now be able to access a one-stop-shop that will meet both their project and company needs. We will be able to expand our services by relying on the wide range of capabilities, resources and infrastructure that Deloitte offers. Clients will continue to experience the same level of professionalism and dedication that are hallmarks of TMA.”
Deloitte’s Corporate Development Office (CDO) supported the acquisition. Deloitte’s CDO actively pursues and responds to organizations through merger, acquisition and alliance opportunities that align with the firm’s commitment to client service excellence.
“This acquisition is a strategic building block in our long-term growth strategy,” said Alexandre Baril, Partner and Corporate Development Officer, Deloitte “We proactively sought the deep industry knowledge and specialized advisory capabilities of TMA.”
Deloitte, one of Canada's leading professional services firms, provides audit, tax, consulting, and financial advisory services. Deloitte LLP, an Ontario limited liability partnership, is the Canadian member firm of Deloitte Touche Tohmatsu Limited. Deloitte operates in Quebec as Deloitte s.e.n.c.r.l., a Quebec limited liability partnership.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.
TMA provides consulting services to the construction industry. TMA specializes in dispute resolution and its members have been recognized as experts in the areas of project delay analysis, labour productivity impact analysis and the quantification of damages on construction projects. TMA also offers project advisory services to the construction industry in the areas of project controls, change management, risk management and information management.