Mitie Acquires R H Irving Industrials

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02 May 2023

Mitie has acquired security services company R H Irving Industrials Ltd for £19.1 million.

R H Irving Industrials has approximately 25 years of experience delivering a broad range of complex and sophisticated security services, including the design, installation, and maintenance of electronic security systems, perimeter security fencing, gate automation, hostile vehicle mitigation, cyber protection, civil engineering, and earthing services.

The company has a strong reputation in critical national infrastructure and utilities, and it has also been expanding its earthing capabilities into high-growth areas where Mitie has also been expanding, such as 5G and electrical vehicle charging infrastructure.  For the year ended 28 February 2023, R H Irving Industrials reported revenue of £17.4 million and EBITDA of £2.4 million.

The acquisition is intended to strengthen Mitie’s existing fire and security systems capabilities in its business services division. RH Irving’s earthing services will be added to Mitie’s projects and technical services businesses.

Jason Towse, Managing Director, Mitie Business Services, said: “R H Irving Industrials is our second security-related acquisition in recent months, reflecting the Group’s strategy to invest in high growth, high margin companies in the key sectors of security technology, decarbonisation, and telecoms. The business both complements and enhances Mitie’s existing capabilities and customer base. We are delighted to welcome the R H Irving Industrials team to Mitie.”

Picture: a photograph of Jason Towse, Managing Director at Mitie Business Services. Image Credit: Mitie

Article written by Ella Tansley | Published 02 May 2023

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