Mitie buys ACR contractor for £7m

Mitie has swooped for Midlands-based refrigeration expert Forest Group Holdings in a deal worth up to £7m.
The move hands Mitie a 40-strong specialist engineering workforce and brings critical commercial refrigeration maintenance in-house for the first time.
The deal sees the firm pay £4.5m upfront with a further £2.5m tied to performance over three years. It gives Mitie extra muscle in hospitality, retail and distribution sectors.Forest, which turns over £7.6m with EBITD