MITIE Group PLC (LSE: MTO) is a British strategic outsourcing and asset management company with their head office in Bristol. MITIE operates mainly in the UK and Ireland with a growing presence in Europe. It provides infrastructure consultancy, facilities management, property maintenance and a range of energy management services to its customers. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
MITIE was founded by David Telling and Ian Stewart as MESL in 1987. It was first listed on the London Stock Exchange in 1988. It merged with Highgate & Job in 1989 and was renamed the MITIE Group.
Their strategy of growth through acquisition has seen MITIE acquire several businesses over the past few years and in 2006 it acquired Initial Security, a leading security business. Following on in 2007 MITIE acquired Robert Prettie & Co. Ltd for £32.7m and incorporated the specialist plumbing, heating and mechanical services business into their Property Services division. In 2008 MITIE continued its acquisitions strategy through the acquisition of Catering Partnership, and DW Tilley. The purchase of DW Tilley allowed MITIE to extend their roofing services nation-wide. 2009 saw the acquisition of Dalkia Facilities Management for £130m to bolster its Technical Facilities Management capability and an expansion into Social Housing with the purchase of Environmental Property Services (EPS) for £38.5m. In 2010, MITIE acquired the integrated facilities management business of Dalkia in Ireland.