United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and North ...
-based company that specialised in providing facilities services to private businesses and central and local
government
A government is the system or group of people governing an organized community, generally a state.
In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a ...
bodies. The core area of the business was repair and maintenance of
social housing
Public housing is a form of housing tenure in which the property is usually owned by a government authority, either central or local. Although the common goal of public housing is to provide affordable housing, the details, terminology, def ...
Mears Group
Mears Group plc is a housing and social care provider. It repairs and maintains over 700,000 social homes across the UK.
History
The company was founded in 1988 in Gloucestershire, where it is still based, and floated on the Alternative Invest ...
in 2012.
History
Morrison Construction was founded by the Morrison family in 1948 in
Tain
Tain ( Gaelic: ''Baile Dhubhthaich'') is a royal burgh and parish in the County of Ross, in the Highlands of Scotland.
Etymology
The name derives from the nearby River Tain, the name of which comes from an Indo-European root meaning 'flow'. The ...
,
Scotland
Scotland (, ) is a country that is part of the United Kingdom. Covering the northern third of the island of Great Britain, mainland Scotland has a border with England to the southeast and is otherwise surrounded by the Atlantic Ocean to the ...
.Morrison Construction Company Profile Linkedin, 21 July 2009 In the 1980s, 80% of the company was sold to
Charter Consolidated
Charter International plc was a large British engineering business based in London. It was acquired by Colfax Corporation in January 2012.
History
The British South Africa Company was founded in 1889 by Royal Charter.Morrison float to bolster builders The Independent, 29 August 1995 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. In 1994, Morrison Construction plc was listed on the
London Stock Exchange
London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pau ...
.
In 2000, Morrison Construction was purchased by AWG Plc (Morrison Construction was delisted). In 2006, the construction division of the business was sold to
Galliford Try
Galliford Try plc is a British construction company based in Leicester, England. It was created through a merger in 2000 of two businesses: Try Group, founded in 1908 in London, and Galliford, founded in 1916.
Formerly involved in house-buildi ...
. The remainder of the business was split into two divisions, Morrison Facilities Services and Morrison Utilities Services, and in 2008, AWG sold the Utility Services division to two private equity firms,
Cognetas
Motion Equity Partners is a private equity firm focused on leveraged buyout and growth capital investments in European middle-market companies across a range of industries.
The firm, has office in Paris. It was founded in 1989 as Electra Partner ...
and Englefield Capital, for £235 million.AWG sells Morrison utilities services division Herald, 8 March 2008
In 2012, AWG sold Morrison Facilities Services to Mears Group for £24 million. The following year, Mears claimed it had successfully turned the company's fortunes around.