Mitie Divests Catering BusinessAugust 19, 2019
Mitie Group Plc has entered into an agreement to sell its catering and hospitality business to CH&CO for a consideration of up to US$103 million.
The transaction includes Mitie’s Gather & Gather and Creativevents and is part of the company’s overall strategy to simplify its operations, Facilities Management Journal reports. Per the terms of the deal, Gather & Gather will remain exclusive to Mitie’s clients as its only integrated facilities management sector partner. The staff and leadership team of Mitie’s catering division will be transferred to CH&CO.
Mitie Group Plc is a London, England-based company that provides facilities, property, and asset management services to public- and private-sector businesses. To learn more, visit www.mitie.com.