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Announced

Completed

Mitie Group completed the acquisition of RH Irving Industrials for £19m.

Financials

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Transaction Value£19m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales1.1x
EV/EBITDA7.96x
Share Price Premium-
One Off Charge-

Tags

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Electronic Security Solutions

Majority

Physical Security Solutions

Domestic

Single Bidder

United Kingdom

Security Equipment

Acquisition

Private

Completed

Friendly

Synopsis

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Mitie Group, a provider of a variety of services to both owners and occupiers of commercial and industrial properties, completed the acquisition of RH Irving Industrials, a specialist in security services, for £19m. "R H Irving Industrials is our second security-related acquisition in recent months, reflecting the Group's strategy to invest in high growth, high margin companies in the key sectors of security technology, decarbonisation, and telecoms. The business both complements and enhances Mitie's existing capabilities and customer base. We are delighted to welcome the R H Irving Industrials team to Mitie," Jason Towse, Mitie Business Services Managing Director.

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