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Mitie Acquires Interserve’s Support Services Division

June 25, 2020

Mitie Group Plc has purchased Interserve’s support services business segment.

The US$336 million deal calls for Interserve to receive a payment of $148.8 million and a 23.4 % shareholding in Mitie, European Cleaning Journal reports. The transaction is subject to customary closing conditions and is anticipated to be finalized by the end of the year. Once official, the deal will create the largest facilities management company in the United Kingdom, with more than 77,500 employees.