Consultant and construction manager Mace is restructuring its business to focus on market sectors rather than services.
The move follows a series of strategic reorganisations among firms such as Carillion, Berkeley Group, Morgan Sindall and WS Atkins. Atkins is carrying out a similar shake-up.

Mace, which has 700 employees, will now be spilt into market areas such as infrastructure; commercial; retail; hotels, leisure and arts; and the public sector. Previously, the firm was split into functions such as construction management, project management and consulting.

Mace chief executive Bob White said the move was in response to the changing marketplace and client power.

He said: “There is a need in this day and age for a lot of businesses to understand their clients better. This new structure is more indicative of what we do as it is more related to types of client and certain sectors.”

White said the previous structure could be restrictive. He said: “It can become fragmented selling services – you build little silos rather than offering a complete package.”

He said the restructuring would gradually be implemented during the year.

Last year, White led a management buyout at the £45m turnover firm, along with chief operating officer Steve Pycroft and 11 directors.

Mace finalised the buyout two years after founder Ian Macpherson put his 34% share of the company up for sale. The move ended a period of uncertainty for the firm, which had considered selling Macpherson’s stake to an outside partner.

White, the only Mace founder still working full-time at the firm, increased his stake in Mace from 20% to 45% as part of the deal.