Alvarez & Marsal adds boutique Toronto firm to infrastructure practice

04 January 2024 2 min. read
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Alvarez & Marsal, a New York-headquartered management consulting firm, has acquired LQ Consulting and Management, a Toronto-based construction project management consultancy.

Founded in 2012, LQ works on projects in energy and utilities, mining and minerals, infrastructure, and manufacturing worldwide – including projects in cold weather, tropical, arid, and remote regions. The firm has offerings spanning project advisory and consulting, PMO, project management, project controls, procurement, and construction management.

Pierre Légaré will join Alvarez & Marsal (A&M) as managing director and leader of Infra Canada along with senior directors Arshya Qureshi and Gordon Lung.

Légaré has served as project director of a greenfield copper mine in Panama with capital costs exceeding $5 billion and a greenfield nickel mine in Madagascar of $4 billion. Before founding LQ, he spent over two decades at SNC-Lavalin, where he was latterly VP of projects, mining and metallurgy.

Alvarez & Marsal adds boutique Toronto firm to infrastructure practice

Qureshi has managed project controls for greenfield and brownfield mine development projects costing between $70 million and $1 billion. Lung has served as project services manager for project controls and supply chain on mine development projects valued at $200 million to $1 billion.

“This strategic geographic and capabilities expansion of INFRA represents A&M’s commitment to a global approach. The addition of Pierre, Arshya, and Gordon builds on our recent growth in Australia, Chile, India, and large expansion in the Middle East,” said Marcos Ganut, managing director and leader of A&M Infra.

The firm’s Infra division originated in Brazil in 2017 and has since expanded to 11 countries. The division has over $500 billion in capital projects experience across industries including power, energy, transportation, and real estate.

A&M Infra has practices in project excellence and assurance, PMO, capital strategy, strategic construction solutions, construction dispute resolutions, and digital capital projects and asset management.

“A&M’s integrated platform, strong sector expertise, and global network of boots-on-the-ground professionals positions us to address evolving client needs across Canada amidst a changing regulatory landscape and volatile economy,” Légaré said.

A&M a year ago expanded its global transaction advisory group (TAG) into Canada with the hiring of Scott Foster as managing director and practice leader.