Mitie celebrates success of three Mitie model businesses

Press Release   •   Aug 28, 2012 12:33 BST

Mitie, the strategic outsourcing and energy services company, announces today that it has purchased employee minority shareholdings of three of its successful ‘Mitie Model’ businesses.

Mitie, which stands for Management Incentive Through Investment Equity, has been partnering with entrepreneurs to grow British businesses for 25 years and has supported over 100 start-up businesses using the Mitie Model.

Ruby McGregor-Smith CBE, Chief Executive of Mitie, said: “I am delighted with the progress of these three businesses which have contributed to the growth and innovation of our group.

“We see a significant opportunity for the Mitie model to attract dynamic, entrepreneurial management teams to our business and help to support our growth aspirations.”

For more information about the Mitie model click here

John Telling

Group Corporate Affairs Director

T +44 (0)20 3123 8673