29th March 2022: ESS Group has announced that ISG has acquired a majority shareholding in the Group.
The investment underpins ESS Group's ambitious growth strategy, and further enhances ISG's leadership role transforming the construction industry through smart innovation and pioneering delivery approaches and methodologies.
Incorporated in 1989, ESS Group, which is headquartered in Dublin and Manchester, employs more than 280 staff. The Group, which includes the ESS Modular and Spatial Initiative brands, specialises in delivering innovative Modern Methods of Construction (MMC) solutions for clients in the healthcare, commercial and public sectors.
This latest announcement builds upon ESS Group's 2020 acquisition of construction integration specialist - Spatial Initiative, bringing the significant resources, research and development capability, and financial backing of the £2 billion ISG business to catalyse the Group's further expansion.
Paul Tierney, Chief Executive Officer at ESS said: "The ISG investment is a pivotal moment for the ESS Group, giving us a solid financial platform for our continued growth plans. We passionately believe in a better way and have been working for the last 30 years to bring high quality offering to our clients. We are looking forward to what we are sure will be an exciting time for the industry as we see MMC continue to transform customer outcomes and expectations in the drive towards a net zero future."
Matt Blowers, CEO of ISG, commented: "Greater integration and collaboration are two ways that our industry can accelerate its performance to meet the growing demand for net zero construction solutions. The ESS Group brings a wealth of expertise, talent and innovation into ISG and enables us to collectively fast-track our journey developing and implementing leading-edge built solutions that are rooted in operational performance and the highest sustainable and ethical outcomes."
Source: ESS
