Turner & Townsend announces plans to acquire leading pan-African real estate project management firm Profica
Turner & Townsend, the global professional services company, has announced its intention to acquire Profica, a Johannesburg head quartered consultancy specialising in real estate project management and construction solutions across Africa.
This strategic acquisition marks a significant step in Turner & Townsend’s growth on the continent, bringing together two highly complementary businesses to create Africa’s leading real estate project management consultancy.
With a team of over 80 professionals operating across North, West, East and Southern Africa, Profica brings deep regional expertise and a strong client portfolio, including major office HQ developments for Stanbic IBTC in Nigeria and Barclays Bank (ABSA) in Zambia, as well as Netcare Alberton Regional Trauma Hospital and Old Mutual Precinct development in South Africa.
The combined business will enhance Turner & Towsend’s existing footprint offering clients a broader range of services, deeper market insight and strengthened delivery capability across key African markets.
Turner & Townsend has operated in Africa for over 40 years, currently in 13 cities in 11 countries. The acquisition will expand the company’s reach to 19 cities in 16 countries, with around 400 employees, reinforcing Turner & Townsend’s commitment to long-term investment and growth in the region.
Upon completion of the transaction, Profica’s senior leadership will remain in place, playing a key role in integrating the businesses and driving future growth.
Stephen McCartney, Regional Managing Director for Africa, Turner & Townsend, said:
“Earlier this year, we strengthened our senior leadership team in Africa, as a signal of our intent to grow our business in the region."
This move further reflects our strategic commitment to Africa and our ambition to lead the market in real estate project management.
"By combining our capabilities, we are creating a business with exceptional scale, expertise, and reach across the continent. We are excited at the prospect of working with the team at Profica and the opportunities this will undoubtedly bring.”
Tim White, CEO and Founder of Profica, added:
“There is a natural synergy between our two organisations,from our culture and values to our focus on quality and client service."
This partnership will allow us to offer clients a truly comprehensive and market-leading service across Africa.
“By pooling our expertise and capabilities, we will create a clear industry leader in Africa, one able to offer clients an unrivalled hands-on delivery capability for their construction projects.”
Completion of the transaction is subject to customary regulatory approval.
