MSS Facilities has bought the assets and contracts held by Workplace Engineering, the maintenance division of Johnson Service Group.MSS is a part of Managed Support Services plc, which recently appointed ex-GSH CEO Jamie Reynolds as its new Chief Operating Officer.Workplace Engineering provides mechanical and electrical engineering maintenance services, as well as project work for new build. In the first half of 2009, it reported an operating loss of £500,000 as work dried up. Johnson then made the decision to exit in order to concentrate on its three mainstream divisions - textile rental, facilities management and dry cleaning which are all said to be trading in line with expectations
IB Times
Johnson Service Group sells Workplace Engineering assets
01/12/2009
Johnson Service Group has sold certain business assets and maintenance contracts of Workplace Engineering to MSS Facilities Ltd, a wholly-owned subsidiary of Managed Support Services PLC.Overall, the textile rental, facilities management and drycleaning divisions within Johnson Service Group PLC are continuing to trade in line with expectations.
Aramark
RTE Business
Veris agrees to sell unit to Aramark
01/09/2009
Veris has agreed to sell its facilities management business interests to Aramark, which owns Campbell Catering here, for a cash consideration of €50.8m.These businesses include Vector, IEFM, Premier Property Management, Orange, Glenrye and Irish Estates Management.The deal is subject to shareholder and Competition Authority approval.'We see this as a natural progression for our business,' commented Joan O'Shaughnessy, CEO of Aramark and Campbell Catering. It is envisaged that Martin McMahon will lead the expanded facilities management opertion and that all of the senior management team and employees of the Veris unit will transfer to Aramark after the deal goes through
Balfour Beatty
i-FM net
Balfour Beatty completes Parsons buy
01/10/2009
Balfour Beatty has completed the acquisition of US-based infrastructure services firm Parsons Brinckerhoff.
Balfour Beatty
BIFM
Balfour Beatty’s £380m acquisition approved
01/10/2009
Balfour Beatty’s £380m acquisition of American business Parsons Brinckerhoff is to go through after a special meeting of the latter’s shareholders approved the takeover.In September Balfour Beatty announced that it was moving to acquire the US-based engineering, consulting, construction and support services business. The resolution approving the acquisition was passed by the holders of over 99 per cent of Parson Brinckerhoff’s capital stock. For the deal to proceed, at least 75 per cent needed to support the move.Balfour Beatty expects the deal to be completed by the end of October.
Balfour Beatty
H&V News
Balfour Beatty buys energy specialist
01/12/2008
Balfour Beatty Workplace has bought energy management specialist Colledge Trundle and Hall for £2.85million. Balfour Beatty WorkPlace, known as Haden Building Management until it was rebranded last month, believes CTH will complement its existing portfolio of work and help expand services to energy management..Balfour Beatty WorkPlace is keen to position itself as a total facilities management provider with customers ranging frrom British Energy to Royal Mail.
Balfour Beatty
Trading Markets
Balfour Beatty plc: Balfour Beatty Trading Update
01/01/2010
The acquisition of Parsons Brinckerhoff ("PB") in October last year was the realisation of a number of key strategic objectives and has given the Group significantly enhanced capabilities and presence acrossthe entire life cycle of major infrastructure assets. As such, we have re-evaluated how we should report the Group's business, and in line with the business model.we have created, we will report the business in four segments: construction services, professional services, support services and infrastructure investments. While each of these segments represent strong independent businesses, they work together to provide integrated solutions for customers. Support Services, which comprises our utilities, facilities management, rail renewals and highways maintenance activities, has performed well in the year, and with recent wins finishes the year with a strong future order book. We have recently announced a seven-year contract to provide integrated facilities management services to QinetiQ and our utilities business has secured new AMP 5 capital programme contracts with United Utilities and Anglian Water worth in the region of GBP600 million in total.
Balfour Beatty
i-FM net
Acquisitions help Balfour Beatty growth
01/08/2008
In its building, building management and services business stream, which includes Haden and the recently acquired Covion, profit before exceptional items and amortisation climbed by 30% to £39m (2007: £30 million). This reflects both acquisitions and 'very satisfactory' organic growth, Balfour Beatty said.Balfour Beatty has also announced that its joint venture companies in Dubai have been three contracts with a total value £240m.
Dalkia
Daily Telegraph
Dalkia considers British sale
01/05/2009
Dalkia's British division is understood to be considering a disposal of the facilities management arm, clients of which include AstraZeneca, Heinz and Tesco. It also provides services to Leeds Teaching Hospitals NHS Trust and North Somerset Council. The group is also looking at a sale of the unit that manages energy consumption for businesses but will look to keep Dalkia's infrastructure unit, which designs, builds and installs combined heat and power plants. This is because Dalkia believes the infrastructure division will grow quickly but needs additional funding to expand. Sources said trade buyers from the construction industry, such as Carillion, could be interested in buying Dalkia. Companies already established in the facilities management sector, including the 3i-backed Enterprise, could also make an offer.
Europa
i-FM net
Europa scoops up Work Facilities
01/05/2009
Facilities services company Europa has bought two divisions of the ailing Work Inc Group – the FM business Work Facilities and the project business Work Services.Europa is now one of the largest independent UK facilities management companies, with an annual turnover approaching £100m.
Faceo
i-FM net
Testing times: Faceo buys two
01/02/2009
UK FM services provider Faceo has acquired two companies, both specialists in electrical equipment compliance testing. The deals with Kidderminster-based Powertest and Hull-based Beaumont Group have been completed but no financial details have been released.In regard to each deal, CEO Chris Kenneally said: "We have brought together Faceo and this forward thinking company to enhance the services provided to our current clients and meet the demanding needs of the facilities industry. The combination of our complementary strengths will position Faceo to provide even greater value to customers, expand our brand throughout the industry and pursue new opportunities for growth."
Faceo
i-FM net
Faceo buys number three
01/03/2009
FM provider Faceo has bought Dundee-based XM Services, its third acquisition this year. XM provides a range of specialised support - from design to mechanical and electrical engineering, through planned and preventative maintenance, to turnkey project management.It works across Scotland in market sectors including power generation, oil and gas, food processing, textile manufacturing, water and wastewater.
G4S Integrated Services
ProactiveInvestors.com
G4S Acquires facilities management company All Star International for $60 million
01/11/2009
G4S (LSE: GFS) announced the acquisition of All Star International (All Star) for a cash consideration of US$59.9 million. All Star is the trading name of US secure facilities management company ‘Champions of the West’.All Star provides facilities management and base operations support to the US Government agencies including the US Department of Defense, Department of Energy and the General Services Administration. All Star has over 1,200 employees and reported annual revenues of $127.5 million in the year to September 2009.G4S has bought the US company through its American Government service subsidiary, Wackenhut Services Inc (WSI) from John P. Junge and his investment vehicle the Junge Revocable Trust. According to G4S the acquisition supports its strategy of expanding its secure facilities management services in the high-security government sector."The acquisition of All Star significantly increases our capabilities and customer offerings. All Stars’ reputation is unrivalled in its market segments.” WSI President and CEO, Dave Foley commented. The combination of these two companies creates a unique organisation which will strongly support the G4S strategic vision and WSI's secure facilities management operational concept."
MITIE
Daily Telegraph
MITIE unveils placing and £130M takeover
01/08/2009
MITIE will acquire Dalkia Technical Facilites Management – the UK arm of Dalkia – from French corporations EDF and Veolia for an initial £120m, with up to a further £10m payable depending on the group's performance this year. Ruby McGregor-Smith, chief executive of Mitie, said the deal was strategically important for the growth of the UK business, which, with a market capitalisation of £756m, lacks the scale of others in the sector such as Serco and Capita.
VINCI Construction UK Limited
Construction Europe
Vinci acquires Haymills from administrators
01/08/2009
Vinci, the world's largest contractor, has acquired the assets of the UK's Haymills Group, which went into administration on 13 August. A statement from Vinci said that facilities management and maintenance were strategic areas of development and the acquisition of Haymills' Property Solutions further consolidated its position in the sector. The acquisition follows Vinci's September 2008 purchase of Taylor Woodrow's construction and facilities management businesses in the UK.
VINCI Construction UK Limited
i-FM net
Vinci extends facilities operations with Haymills buy
01/08/2009
Vinci has bought Haymills' Property Solutions business following the Suffolk-based group's slide into administration earlier this month. Property Solutions delivers facilities management and maintenance services throughout the UK, particularly in the social housing and defence sectors.Vinci says the new business will complement and enhance its own facilities capability. It rates facilities management and maintenance as a strategic area for development.
