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

Share



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
Former JLL Employees Launch Real Estate Advisory Service

Four major players in the London commercial property sector, all former JLL employees, have launched a real estate advisory service, Situu. Harry Murphy, Peter Hall,...

 Read Full Article
Ark Data Centres Buy Renault Retail Group Site

Ark Data Centres has bought Renault Retail Group’s West London site on Western Avenue, Park Royal to create an energy-efficient data centre powered by renewable...

 Read Full Article
Templa Acquired by Innovise to Strengthen Offering to Cleaning Markets

The software company Templa has been acquired by Innovise, the UK subsidiary of TEAM Software.  The acquisition brings together the two UK software market...

 Read Full Article
CMA Launches Investigation Into Interserve and Mitie Deal

The Competition and Markets Authority is investigating whether the deal between Interserve Support Services and Mitie might reduce competition in the FM sector. The...

 Read Full Article
Marchmont and Pictet Alternative Advisors Purchase Virgin’s Training Facility in Crawley

Virgin Atlantic’s Training Centre in Crawley has been sold to Marchmont Investment Management and Pictet Alternative Advisors​ for c.£30...

 Read Full Article
British American Tobacco Considers Selling London HQ

British American Tobacco is considering selling its eight-storey Westminster headquarters, according to media reports.  The makers of Lucky Strike and Vogue...

 Read Full Article
Nurture Landscapes Acquires De-Ice

Nurture Landscapes has acquired winter gritting and risk management specialist, DRP Client Services Ltd (trading as De-ice). The deal was effective as of 1 August...

 Read Full Article
Mitie Appoints Integration Director to Support Interserve Merger

Mitie has today announced that Karen Thomas-Bland will take up a newly created role as Programme Integration Director for Mitie’s merger with Interserve’s...

 Read Full Article
Funds from Rights Issue Expected To Support Interserve Acquisition, says Mitie

The acquisition of Interserve’s Facilities Management business is conditional on the approval of Mitie’s shareholders, and expected to be completed in or...

 Read Full Article