The Manchester-based building and project consultancy has formally joined with Bond Davidson to create a £22m turnover business, which will also have bases in London, Edinburgh and Surrey.
The merged operation will employ close to 200 people and is currently advising on projects with a total construction value of £5bn. Both company names will be used in the short term, before uniting under the Paragon brand in November.
The shareholders of each business will all be shareholders in the combined company and will remain working within the enlarged entity.
Paragon said that its joint managing directors, John Munday and Robert Perry, have known Bond Davidson’s senior team members Malcolm Davidson and Matthew Dunn for more than 20 years, working together on a variety of projects.
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.”
Dunn added: “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.”
Paragon’s clients in the region include Property Alliance Group, Northwood, Praxis, Select Property Group and City Block. Bond Davidson was established 26 years ago in Esher, Surrey. The companies have respective turnovers of £14m and £8m and employ close to 110 people and 80 people respectively.
The merged company’s service lines 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.