| Morrison Facilities Services plc | |
| Type: | Subsidiary |
| Foundation: | 2006 |
| Defunct: | 2012 |
| Location: | Stevenage |
| Homepage: | www.mearsgroup.co.uk |
Morrison Facilities Services was a United Kingdom based company that specialised in providing facilities services to private businesses and central and local government bodies.
The core area of the business was repair and maintenance of social housing. It was a subsidiary of Anglian Water Group until acquired and (later) merged by Mears Group in 2012.[1] [2]
Morrison Construction was founded by the Morrison family in 1948 in Tain, Scotland.[3] In the 1980s, 80% of the company was sold to Charter Consolidated, with the Morrison family retaining 20% of the ownership.[4] In 1989, the Morrison family repurchased the 80% of the business sold to Charter Consolidated earlier that decade, and also acquired the businesses of Biggs Wall and Shand Construction.
Morrison Construction plc was listed on the London Stock Exchange in 1994. In September 2000, the company was purchased by AWG Plc and subsequently delisted.[5]
The construction division of the business was sold in 2006 to Galliford Try.[6] The remainder of the business was split into two divisions, Morrison Facilities Services and Morrison Utility Services. Two years later, AWG sold the Utility Services division to two private equity firms, Cognetas and Englefield Capital for £235 million.[7]
The company launched a business partnership in September 2006 with Manchester City Council, which lasted for ten years.[8] The contract was extended for £20 million July 2010 for an additional two years and eight months.[9]
AWG sold Morrison Facilities Services in 2012 to Mears Group for £24 million.