Mitie Bought Out by OCS Group | London News

Mitie, the giant UK government contractor, is set to be acquired for £3.1 billion by OCS Group, owned by private equity firm Clayton, Dubilier & Rice — the same group behind Morrisons. The deal, valued at £221.6p per share, marks a major shift as Mitie, a 40-year London-listed firm, goes private. With combined operations spanning security, cleaning, and facilities management across public and private sectors, the merger will create Britain’s largest facilities management company. The timing is critical: Mitie’s CEO is stepping down next year, and amid growing political pressure to bring public services back in-house, this move may signal a consolidation play ahead of potential policy changes. Complicating matters, Mitie recently launched an internal probe into serious hate speech allegations at immigration centers. The acquisition is expected to close in Q1 2027 — a deal that could redefine how essential services are delivered across the UK. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/7e2c8d7fc1e68405