US property and financial firm acquires all shares in consultant

Building and project consultant CNP has announced that all shares in its business have been acquired by US property and financial group LandAmerica.

LandAmerica will become CNP’s parent company. However the CNP business in Europe will continue to be run by the existing management team headed by Andrew Chisholm and David Nurser.

Chisholm said: “These new arrangements enable us to maintain the unique attributes of the CNP service as the existing management team and staff will continue in place.

“At the same time the backing of LandAmerica will add significant further strength and resources to help fuel our drive to deliver a range of services around the evolving needs of our clients that is second to none in the industry.”

CNP will be LandAmerica’s representative business, and its brand, throughout the UK and Ireland. The consultant will become a key part of LandAmerica Assessment Corporation (LAC), a subsidiary of LandAmerica.