The group has sold Morrison Facilities Services Limited, which delivers FM work mainly across education and health, following a competitive sales process.
The disposal completes another step in Mears’ strategy to concentrate fully on housing services.
The business was sold on a debt and cash-free basis with a normal level of working capital.
Mears bought Morrison Facilities Services back in 2011 from its then parent company Anglian Water Group for £24m.
In the year to 31 December 2025, the FM arm generated revenue of £32m and pre-tax profit of £2.8m. The activities had previously been reported within Mears’ maintenance-led segment.
Chief executive Lucas Critchley said: “I am pleased to complete this transaction, which brings a further simplification to the Group and is further progress against our strategic plan, reinforcing our focus to delivering housing services, a market in which we continue to see significant growth opportunities driven by strong regulatory drivers.”
The disposal tightens Mears’ exposure to its core social housing maintenance and management operations at a time when compliance, building safety and decarbonisation pressures are driving long-term demand from registered providers and local authorities.
