Confluence Project Management buys Pettifer consulting arm

London-based Confluence Property Management has bought PCM, the consulting arm of Pettifer Group, for an undisclosed sum.

The deal for the business, which has an annual turnover of around £10m, has saved 64 jobs, according to Pettifer Group's administrator, KPMG.

Will Wright, restructuring director at KPMG said: “In a difficult market we are delighted to have secured this sale which preserves the jobs of the 64 company staff just prior to the Christmas period.

“We are continuing our work on the administrations of Pettifer Construction Limited, Pettifer Estates Limited and Pettifer Group Limited.”

Pettifer Construction went into administration resulting in 120 redundancies. Pettifer Group followed on 8 December.