Mitie has agreed to be acquired by OCS Group in a transaction valued at approximately £3.1 billion. The deal, which was approved by Mitie’s board, involves an offer of 221.6 pence per share, representing a 45 percent premium over the company’s closing price of 151 pence on the preceding Monday.

Mitie, a provider of integrated facilities management services including security and cleaning for both public and private sector clients, will be taken private as a result of the deal. The offer from OCS Group, a global services provider, follows a trend of recent buyouts involving companies listed on the UK stock market.

Details on the completion timeline and regulatory approvals have not been disclosed, but the agreement marks a significant development in the facilities management industry. Analysts note that the transaction reflects ongoing consolidation in the sector and the appeal of private ownership structures for firms seeking long-term growth away from public market pressures.

Shareholders are expected to vote on the proposal in the coming weeks. If approved, Mitie will cease to be listed on the London Stock Exchange, closing a chapter as a publicly traded firm.

The move underscores broader market dynamics where private equity and family-owned enterprises are increasingly active in acquiring established service businesses. This deal places Mitie under the control of OCS Group, which aims to expand its footprint across the UK and internationally.