WT Partnership announces senior appointments in North America
WT Partnership (WTP) has been making waves in the P3 sector by acquiring a number of key senior P3 resources to combine one of the largest portfolios of Technical Advisory globally. Going toe-to-toe with dominant engineering firms such as AECOM, ARUP and Mott MacDonald, WTP is convinced it has developed a winning formula for transaction due diligence and higher bid conversion.
WT Partnership (WTP) is an international practice of property, project and cost management consultants in building construction, infrastructure and management of facilities. WTP has successfully supported clients through each phase of the major project development lifecycle.
WTP claim the focus on engineering firms undertaking transaction due diligence has been starving the market of balanced insight to transactions. Adam Shaw (Senior Vice President) stated:
“Too often investors are only offered the best engineers from a given organization’s resource pool, not the best in the market. Its important to meld both deal experience and the best engineering minds. We achieve this by bringing specialist engineering firms into our team on a deal-by-deal basis, this lets us deliver a best-in-market rather than cross-selling service.”
Technical Advisors are engaged in almost all P3 transactions to provide independent due diligence on behalf of the lending group alongside legal and tax advisors. Their focus is on distilling the pertinent technical risks of the deal such as payment mechanism calibration, construction pricing, delivery, completion and commissioning as well as operating methodologies and lifecycle costs.
He continued:
“We know the market is frustrated with box-tick style TA services, we’re committed to changing the market with our approach. We engage very early, typically undertaking extensive market analysis and benchmarking to help setup the bid strategy, we then work with DB, OM and Equity to continue to refine the bid towards the right number. This in-depth role allows us to gain far more knowledge and analysis around due diligence for the lender, which means when we sit down and present our TA findings at our Q&A sessions, investors can gain true insight and more confidence around all aspects of the deal.”
WTP has been active in the P3 market in Australia since its inception in the 1990s. Subject to key appointments in the US, Canada and Mexico, their footprint now extends across all major P3 markets globally where they intend on leveraging a transaction portfolio now in excess of $50 Billion USD.
Senior Appointments:
Adam Shaw relocated in 2015 from his position as National Manager – PPP in WTP Australia to lead the US business as Senior Vice President. Shaw’s personal transaction experience is now in excess of $9.3 Billion USD primarily comprising Lenders Technical Advisory but also include various asset fund and mature P3 renewal deals.
Philip Nixon joins as Director and Canada lead based in Toronto. A former Director of BTY Group and recognized industry figure in the Ontario market, Nixon has extensive experience in both P3 Advisory and cost consulting.
Ross Templeton joined as Business Development Executive and P3 Advisor based in Vancouver. A former Equity Director at BTY Group, Templeton was responsible for the establishment of a formal alliance with local cost consulting outfit LEC Group where he also holds a Director position.
