Following on from its recent acquisition of guarding contractor Trident Safeguards ('MITIE takes over at Trident', News Update, SMT, August 2003, p7), the MITIE Group has now bought out Executive Holdings Ltd – the contract security and cleaning concern – in a deal said to be worth £10 million.
Security is becoming an increasingly important part of MITIE's service offering. Executive boasts an established client base across the South East region and, when combined with its own existing capability in central London, will create a strong integrated market presence for MITIE – thus providing a solid platform from which to launch a national security operation.

The buy-out of Executive also gives MITIE the opportunity to accelerate the development of its niche businesses within the support services market in areas which include the transport and healthcare sectors (currently serviced through Executive by dint of its contract cleaning division).

As part of the deal, Executive Holdings' chief executive Jeff Flanagan has accepted the position of managing director of MITIE's enlarged security operation.

David Noel – currently managing director of Executive's cleaning division – will now become sales director for MITIE Cleaning.

Source

SMT