Home Business Mace sells facilities management arm

Mace sells facilities management arm

by News7
Mace sells facilities management arm

The buyout has been led by Mace Operate chief executive Ross Abbate and chief finance officer Chris Bampton. Mark Holmes, who last month announced his intention to step down as Mace Group deputy chairman will become chair of the newly independent company.

The facilities management business, now renamed Macro, employs more than 700 people worldwide and claims an annual turnover figure of £130m.

Macro will continue to provide facilities management services to its existing clients and will continue to work closely with Mace Group under a transitional agreement for the next nine months. In the long term, Macro is expected to act as a preferred supplier for Mace Group’s own facilities management services as well as working with its former parent to offer joint services to existing clients.

The buyout is intended to allow the newly independent company more freedom to develop its range of services to meet the changing needs of the facilities management market. In turn, Mace will be able to focus on its core consultancy and construction services.

In a statement, Mace said that it is “important that subsidiary companies can maintain the entrepreneurial spirit that has served the Group so well to date.” Four years ago it sold off its recruitment arm, now called People Group, to its management team but still works closely with the business.

Macro chief executive Ross Abbate said: “Over the past twenty years, Macro has established itself as a leading facilities management expert under the umbrella of the Mace Group – and now, as an independent company we will be able to build on that success to invest in new and transformed services for our clients and create fantastic new opportunities for Macro colleagues across the globe. Chris and I are thrilled to have the opportunity to lead this brilliant team on the next step in our journey together.”

Mace Group chief executive Mark Reynolds said: “As the Group’s core services have gone from strength to strength over the past few years, it has been clear that there is more opportunity for Macro to grow as an independent business. The team will now be able to invest in the innovation and infrastructure required to develop and grow a world-leading facilities management service.

“We understand the power of an independent company owned and led by those who understand it best. We look forward to working with Ross and Chris as they build their new business – and we wish them every success in the future.”

Got a story? Email [email protected]

Source : TheConstructionIndex

You may also like

Mace sells facilities management arm- https://www.chaussure.biz   https://lamaisondurasage.fr   https://36x.biz   https://laboutiquehigh-tech-leblog.com   https://www.choisir-sa-montre.com/   https://n6d.info   https://dedalustats.eu   https://francerestos.com   -/- Vic Firth Signature Baguettes, Steve Gadd, Bout en Nylon, Noir   Putting key as Indian Dagar seeks historic LET title   Master Tools 09924   Horner’s Syndrome Following Thyroid Surgical procedure | Article – Cureus   Singularity’s ONI earbuds deliver outstanding audio thanks to MEMS speaker tech   -*- 5 Tips to Bypass Respondus Lockdown Browser 2021   Tilak wants to finish games for India without ‘any pressure or expectations’   Crew downs Orlando City in extra time to seal ECF berth   APLI 13061 – Sachet de 78 pompons de couleurs vives pour loisirs créatifs   adidas Mundial Goal, Chaussures de Football Homme   Vislone Abri de Stockage en Bois Pin Imprégné de Durable pour Jardin 150 x 100 x 210 cm   The 10 Best Black Friday AirPods Deals: Up to $99 Off Max, Pro and More – CNET   My Favorite Mini Massage Gun Is $50 Off Right Now – CNET   Mace sells facilities management arm *Mace sells facilities management arm

news7.asia Mace sells facilities management arm