Wallace Whittle acquires Davie + McCulloch
Wallace Whittle, the environmental engineering consultancy, has announced the acquisition of Glasgow-based building services consultancy and mechanical and electrical (M&E) engineering firm Davie + McCulloch.
The move marks a key milestone in Wallace Whittle’s strategic growth journey, which has seen organic turnover increase from £8 million to over £14m since its management buyout in 2021.
Allan McGill, managing director of Wallace Whittle, said: “This acquisition is the next step in our growth strategy. Davie + McCulloch’s established presence in the higher education, secure accommodation and defence sectors complements our own expertise and will allow us to offer our industry-leading service to a broader client base.”
The deal is being funded through the company’s own funds and all staff from Davie + McCulloch will be retained. The Davie + McCulloch name will remain in the short- to medium-term to guarantee a smooth transition, seamless project quality and continuity of client service levels.
Allan McGill added: “The opportunity to acquire such a long established (est. 1957) and recognised company as Davie + McCulloch was a simple decision for the Board; not only for the team’s sector expertise but also for its performance, profitability, and quality-driven approach, which aligns perfectly with Wallace Whittle’s own values.”
With this acquisition, Wallace Whittle expects to surpass £15m turnover in 2025 and will increase its staff to 160 across its eight UK offices. Further growth is planned in 2025 with the addition of two new offices in key regions.
Allan McGill concluded: “While we’ve had great success through organic growth since the management buyout in 2021, this acquisition speeds up our growth plans by adding quality, experienced staff and a solid client network, helping us further strengthen our reputation in the market.
“We’re keen to expand our UK presence and are prepared to consider additional acquisitions or partnerships.”
Wallace Whittle’s recent project experience covers many key sectors such as MOD, healthcare, higher education, residential, data centres and leisure. A newly-established ESG team is now embedded into existing ESG & sustainability teams, working hand-in-hand with Wallace Whittle’s mechanical, electrical and public health (MEP) teams.