Sweett Group Explained

Sweett Group
Foundation:1928
Location:London, England
Industry:Construction, Consultancy
Num Employees:650

Sweett Group, formerly known as Cyril Sweett, is an international physical assets management consultancy. It is part of Currie & Brown.

History

The firm was founded in 1928 by Cyril Sweett. The firm launched an initial public offering on the Alternative Investment Market under the name Cyril Sweett in 2007, raising £26m and valuing the business at £61m.[1] The Group initially expanded throughout the UK and then internationally, with the acquisition of a number of cost management and project management firms, including Burns Bridge, an Australian-based project management firm,[2] and in July 2010, Widnell, the biggest independent cost management firm in Asia.[3] The organisation was rebranded as Sweett Group in July 2011,[4] consolidating the Group's existing brands.[5]

The firm was acquired by the Jersey-based Currie & Brown in August 2016.[6] The firm's old web site redirects to Currie & Brown.[7]

References

  1. News: Boyd. Olivia. AIM float values Cyril Sweett at £61m. 28 September 2013. Building. 26 October 2007.
  2. News: Boyd. Olivia. Sweett smell of success: Cyril Sweett interview. 28 September 2013. Building. 25 July 2008.
  3. News: Hankinson. Andrew. Cyril Sweett buys biggest QS in Asia. 28 September 2013. Building. 9 July 2010.
  4. News: Sidders. Jack. Cyril Sweett to drop the 'Cyril'. 28 September 2013. Construction News. 1 July 2011.
  5. News: Hope. Gerhard. Cyril Sweett rebrands itself as the Sweett Group. 28 September 2013. Construction Week. 17 October 2011.
  6. Web site: WSP concedes defeat in bid battle for Sweett. Construction Enquirer. 30 June 2016. Aaron . Morby. 27 August 2016.
  7. Web site: Currie & Brown (at www.sweettgroup.com) . 2 July 2017.