CHICAGO — Chicago-based Cresa has acquired Pacific Program Management (PPM), a project management firm based in Seattle and serving North America. The multimillion-dollar merger integrates PPM’s 180 professionals into Cresa’s existing project management group, creating a team of 280 professionals across 35 markets throughout North America. PPM CEO Clark Lindsay will assume the role of managing principal and president of project management at Cresa, while Mark Wanic, Christy McFall and Sandra Yencho will assume key leadership positions.
PPM has expertise in portfolio program management, workplace consulting, capital project management and transition and relocation management. Lindsay founded PPM, then Lindsay & Associates, in 2009. The company serves owners, developers, investors and occupiers in the food and beverage, medical, life sciences, retail, e-commerce, gaming, entertainment, data center and technology industries.
Cresa’s project management division, which is tenant-focused, is an integrated service that functions both as a standalone and a complement to its transaction management and workplace strategy teams. The acquisition of PPM marks Cresa’s seventh purchase in the past two years.