The Leading News & Information Service For The Facilities, Workplace & Built Environment Community

FirstPort Completes Acquisition of Mainstay 

FirstPort Completes Acquisition of Mainstay 
17 September 2020

Forming a larger property management group, FirstPort has completed its acquisition of Mainstay.

Following the news in June that FirstPort was to join forces with fellow property and asset manager, Mainstay Group, the businesses have confirmed that this has now been approved by the Financial Conduct Authority and the transaction has completed. 

This will see the two businesses now combining to form a specialist group delivering residential property management, build-to-rent services, consultancy, asset management and facilities management services across the UK. 

Services will continue to be delivered by the same operational teams and both brands will remain in place at the present time. 


FirstPort’s Third Acquisition 


This transaction represents FirstPort’s third acquisition, following BRAM, formerly Barratt London’s property management company, in 2019 and Pentland Estate Management, Linden Homes’ property management provider, in 2017.

Nigel Howell, CEO of FirstPort, commented: “I am delighted to announce that our transaction to acquire Mainstay has completed and that we will now be joining forces to deliver the very best property and asset management services for our customers and clients. 

"I am excited to see how we will learn from each other and work together to drive the highest industry standards and realise new market opportunities.”

Luke Sanders, Group Managing Director of Mainstay, added: “This is an exciting milestone for Mainstay as we join the FirstPort group.  I am proud of our achievements and track record to date, and this partnership with FirstPort will see us building on these further to offer the very best service to our customers and clients, as well as new development opportunities for our colleagues.”

Picture: A photograph of  Nigel Howell, CEO of FirstPort.

Article written by Ella Tansley | Published 17 September 2020


Related Articles

FirstPort and Mainstay Join Forces to Deliver Property and Asset Management

FirstPort has announced that it will combine with property and asset manager, Mainstay Group. For FirstPort and Mainstay customers, clients, employees,...

 Read Full Article
WSP Completes Acquisition of Capita’s Real Estate and Infrastructure Consultancy Businesses

After announcing the deal in August 2022, WSP has completed the acquisition of GL Hearn Ltd and Capita REI from Capita Plc. This will add around 1,000 UK-based...

 Read Full Article
H.I.G Capital Acquires CPS Building Services

Global investment firm H.I.G has acquired Cambridgeshire M&E service provider CPS Building Services Limited. The existing management team of CPS will remain in...

 Read Full Article
Equinoxe Solutions Acquired By Compass Group

Compass Group UK & Ireland has acquired Equinoxe Solutions, which will sit within Foodbuy, Compass’ procurement business. Equinoxe Solutions, based in Essex,...

 Read Full Article
CBRE Acquires E2C Technology

CBRE has acquired artificial intelligence business E2C Technology, with the intention of offering its clients additional data solutions. CBRE hopes to use the...

 Read Full Article
Excellerate Services UK Acquires GSA

Excellerate Services UK has acquired Glasgow-based GSA. GSA offers professional cleaning & support services to some of the UK's most prestigious clients in...

 Read Full Article
Nurture Group Acquires Trio of Grounds Maintenance Businesses

Nurture Landscapes Group has increased its presence in the Midlands and North of England with the completion of three acquisitions. Barton Grange Landscapes, near...

 Read Full Article
WSP Adds RPS to Recent Acquisitions

WSP, who recently acquired two real estate and infrastructure consultancy businesses from Capita, is also intending to take over the UK-based consulting firm RPS. The...

 Read Full Article
Capita Sells Real Estate and Infrastructure Consultancy Businesses to WSP

WSP will acquire two real estate and infrastructure consultancy businesses from Capita: GL Hearn Ltd and Capita REI. Capita expects to receive proceeds of around...

 Read Full Article
Bouygues and Equans Offer Proposals to Address CMA’s HS2 Contract Concerns

In the latest update of the Competition and Markets Authority’s inquiry into a possible breach of competition law by the merger of Bouygues and EQUANS, the two...

 Read Full Article