Mears buys rival Morrison
Published: 09 November, 2012
MANCHESTER: Social housing repair specialist Mears has bought loss-making rival Morrison Facilities Services for £24m.
Mears said it was confident it could turn around the troubled contractor to create a powerful force in the social housing repairs sector.
In the last few months, Morrison, which is owned by Anglian Water Group, has lost several contracts and been threatened with contract termination by several local authority clients.
The deal hands Mears Manchester City Council, Home Group, Leeds City Council, North Lanarkshire Council and Lambeth Living as new clients.