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Mitie Acquires JCA Engineering for £31.5m

Mitie Acquires JCA Engineering for £31.5m
05 September 2023

Outsourcing firm Mitie has acquired Stevenage-based engineering contractor JCA Engineering in a deal worth £31.5 million.

Mitie will pay an initial cash payment of £21 million and up to £10.5 million in performance-based payments over the next three years.

JCA employs over 200 people and specialises in maintaining buildings with a high degree of mechanical and electrical engineering systems, such as data centres. This will assist Mitie in expanding its capabilities in the life sciences and healthcare sectors.

The founder and chair of JCA, Ian Hodges-Jackson, began his career with a mechanical and electrical engineering apprenticeship at  British Aerospace. He co-founded JCA in 2004.

Phil Bentley, Group Chief Executive, Mitie, said: “We are delighted to welcome the JCA Engineering team to Mitie. The acquisition of JCA Engineering follows the group’s strategy to invest in high growth, high margin companies, enhancing our projects capabilities in the growth areas of energy efficiency, office fit-outs and critical environments.”

Ian Hodges-Jackson, Founder and Chair, JCA Engineering added: “I am proud of my team and the capabilities we have built at JCA Engineering over the past 20 years, alongside our reputation for delivering as principal contractor in critical environments. Given Mitie’s access to a wide range of clients and its ability to finance faster growth, I’m very excited about the next phase of JCA Engineering’s development.”

Picture: a photograph of the exterior of JCA's HQ in Stevenage. Image Credit: JCA

Article written by Ella Tansley | Published 05 September 2023


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