Morris & Spottiswood acquires part of ISG fit-out division

Grant Prior 7 days ago
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Morris & Spottiswood Group has acquired part of the collapsed ISG fit-out business saving more than 100 jobs.

Acquiring the former ISG Cathedral business will extend Morris & Spottiswood’s presence further south in the UK with the addition of offices in Whitstable, Bristol and Huntingdon.

The move sees 111 former ISG staff join the business including the senior management team led by Kevin Dengate.

The new division – Morris & Spottiswood England – will sit alongside existing businesses Morris & Spottiswood Scotland and Livingston M&E.

The deal is expected to add up to £100m in revenue across the next 15 months and is projected to take the group’s turnover to £265m.

Jon Dunwell, Chief Executive Officer of the Morris & Spottiswood Group, said: “The demise of ISG was sad news for the construction sector, causing significant disruption to valued clients and affecting many of our industry peers.

“We are pleased that as an agile family-owned business we have been able to move quickly to bring some stability to the situation, offering continuity and assurances of longevity to our new colleagues and clients alike.

“We have a firm People First focus and have been energised by this development, which brings a new mix of people into the business – aligned by values and skills but also offering fresh perspectives and experience to our established talent pool.

“This is an exciting new phase in our growth plan, as we combine the best ideas and strengths from both businesses and move forwards together as one team.

“With our solid foundations already in place, we hope that this will give confidence to clients and the supply chain as a whole, as we embed the new division, while also expanding our services and geographical reach.”

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