Mace is streamlining its Construct business into three new divisions following the decision to offload its profitable consultancy operation to Goldman Sachs.

The restructure will see long-serving fitout boss Stewart Ward depart.

From January 2026, the £2.1bn revenue Construct group will operate through three business units: Commercial; Infrastructure; and Public, Science and Technology.

These will be led by existing managing directors Ged Simmonds, Nigel Cole and Rob Lemming, respectively.

Fitout will be folded into the new Commercial arm, but Ward has opted to leave to pursue opportunities elsewhere.

Alister Grey will continue to lead data centre opportunities in the UK and Ireland under the Public, Science and Technology unit.

Chief executive Jason Millett said the changes followed a detailed review of the business.

“Mace Construct is focused on remaining one of the UK’s leading contractors, and following a considered process of review we are moving to a new operating model that will allow us to focus more on what we do best – contracting, construction management and specialist services.”

He said Mace Construct was is on track for revenue and margin growth this year with major wins including 85 Gracechurch Street, the British Library and Euston Tower.

The restructure comes ahead of Mace Consult’s separation from the group following a majority investment by private equity specialist Goldman Sachs Alternatives, expected to close later this year.

Several of Mace’s shareholders, including executive chair Mark Reynolds and CEO Jason Millett, will retain a minority stake in Mace Consult and will work closely with Goldman Sachs Alternatives as members of the new Mace Consult Board.

Reynolds will be appointed as chair.