Dan Peters 26 June 2020

Mitie and Interserve Support Services to merge

Mitie and Interserve Support Services to merge image

Outsourcer Mitie has proposed to merge with facilities management firm Interserve Support Services by the end of the year in a £271m deal.

The combined organisation will become the largest facilities management company in the UK, employing more than 77,500 people.

Interserve’s board said the proposed transaction would create a ‘larger and stronger’ facilities management business and would be ‘highly attractive’ to its stakeholders.

Chairman of Interserve Group, Alan Lovell, said: ‘The transaction, which is consistent with our stated strategy of realising value for our shareholders, will reduce the group’s debts, enable a pay down to our shareholders and stabilise the group’s financial position through a retention of a proportion of the proceeds.

‘It will leave Interserve as a focused group, executing clear business plans in Interserve Construction and RMD Kwikform, as well as our citizen services portfolio of businesses.

‘Interserve Group sees significant opportunities for these businesses in their respective markets, which we will continue to pursue with a high level of discipline.’

SIGN UP
For your free daily news bulletin
Highways jobs

Senior Care Manager

London Borough of Bromley
Up to £43,205 (BR13+2) (Pro rata'd when part time)
The London Borough of Bromley Education, Care and Health Services Division are looking for Senior Care Managers Bromley (London Borough), London (Greater)
Recuriter: London Borough of Bromley

Senior Practitioner Referral and Assessment Team

London Borough of Bromley
up to £45,159 per annum
Join us on our journey to excellence. Bromley (London Borough), London (Greater)
Recuriter: London Borough of Bromley

Senior Practitioner - Family Support & Protection West Essex

Essex County Council
Negotiable
In ECC we are "Serious about Social Work". Having recently won the Best Social Work Employer of the Year and been awarded 'Outstanding' by Ofsted thi England, Essex, Harlow
Recuriter: Essex County Council

Head of Property, Investment and Regeneration

Lancaster City Council
£51,300 - £64,369 per annum
We are looking for a creative, inspirational and commercially minded leader who is able to translate vision and strategy into reality. Lancaster, Lancashire
Recuriter: Lancaster City Council

Social Worker (0-25 Disabilities Service)

Barnet London Borough Council
£39,040.00 - £49,950.00 Per Annum
We are looking for skilled, dynamic and motivated Social Workers Colindale, London (Greater)
Recuriter: Barnet London Borough Council

Public Property

Latest issue - Public Property News

This issue of Public Property examines how how flexible workspaces can lead the way in regeneration for local authorities, Why local authority intervention is key to successful urban regeneration schemes and if the Government’s challenge of embracing beauty is an opportunity for communities.

The March issue also takes a closer look at Blackburn with Darwen Council's first digital health hub to help people gain control over health and care services.

Register for your free digital issue