Mitie Group has acquired JCA Engineering in a deal worth up to £31.5m.
The facilities management company has paid JCA £21m upfront and will offer up to £10.5m over three years, depending on the contractor’s performance.
JCA is an engineering and fit-out contractor founded in 2004, and now has 180 employees. It made a profit of £4.3m in 2022.
The acquisition of JCA supports Mitie’s expansion into providing contracting services to its clients, the firm said.
Mitie chief executive Phil Bentley said: “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.”
Mitie is a major outsourcing company that delivers facilities and property management, among other services. Its pre-tax profit was £105.5m in the year ending 31 March, double its profit in its previous year.
JCA specialises in critical environment engineering, including data centres, healthcare facilities and science infrastructure. It holds design patents for data-centre cooling systems.
The Stevenage-based firm’s completed projects include the design and construction of a data-centre facility in Essex, and the replacement of two air-handling units in King’s College Hospital, London.
JCA Engineering founder Ian Hodges-Jackson said: “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.”