GEG Capital acquires stake in Bracewell Stirling
Summary
Inverness-based investment group GEG Capital has acquired a stake in Bracewell Stirling Consulting, one of Scotlands longest-established architectural practices.The addition of design, master planning, 3D modelling and sustainability services should bolster GEG Capitals existing portfolio of planning, design, environment and construction capabilities across Scotland and the UK.GEG Capitals director Jia MacKenzie commented: As a strategic partner, GEG Capital will provide a range of support services, including HR, marketing, IT, legal advice, accounting, insurance and cost control.The day-to-day operations and future development of the practice will remain independently managed by Bracewells current leadership David Keith and Amanda MacRitchie.Bracewell Stirling not only possesses an outstanding reputation and culture that aligns with our own, but they also bring extensive expertise in the design of housing developments and commercial projects to the group, she continued, adding: This capability, supported by the GEG Capital management team, will present numerous opportunities for the growth of the business.Bracewell Stirling, which employs 20 staff between its offices in Inverness, Tillicoultry and Oban, works on private and social housing developments, with clients such as Tulloch Homes, Allanwater Homes and Orkney Builders.The firm also has a track record in commercial projects, encompassing business parks, supermarkets, hotels, leisure facilities and medical establishments.David Keith, Bracewell Stirlings senior partner of 33 years, said: Heading into Bracewells hundredth year of being in business, the team and I are looking forward to an exciting new chapter in the firms history.Building on existing relationships with the likes of Capstone Construction, we look forward to benefiting from the synergies and strategic relationships that will be created with other companies within the portfolio which will generate new work streams, with access to engineering, ecology, and planning services.Amanda MacRitchie, Bracewell Stirlings senior partner of 23 years, added: We have our sights on expanding the commercial side of the business and has already enlisted the expertise of senior architect David Lawrie to drive this forward, who in previous roles, has lead projects such as the Scapa Flow and Gairloch Museums.Dont miss the latest headlines with our twice-daily newsletter - sign up here for free.