ACR-News

MANAGED Support Services, formerly known as Worthington Nicholls, has bought air conditioning firm Delrac Services for an undisclosed sum.
The London-based maintenance and service company has been merged with group's MSS Southern division.

MSS Southern will be the development platform for all Managed Support Services' activities in the south of England and is expected to grow.

In a company announcement, MSS chief executive Simon Beart stated: 'With the benefit of enlarged cash balances, the Board is now able to review a broad range of acquisitions. Potential transactions are being examined within the building services sector and in other markets where the Board's management experience is applicable'.

He added: 'It is to be hoped that in the next twelve months the scale and activity of the group can be transformed, either by a substantial transaction or by undertaking a range of smaller acquisitions in related markets offering consolidation gains'.

MSS made a pre-tax profit of £1.65m in the year to March 31 2009 on turnover of £26.3m, compared to a loss of £3.2m in the six months to March 31, 2008.