2026 Summary Mid-Year Update
2026 has started with growing momentum on organic revenue growth driven by large contract wins, and focus on integration of the acquisition of the operations of Emcor UK completed in December 2025.
As we have seen in prior years, inflationary pressures have been offset through pricing, contractual discipline and efficiency initiatives.
Cash generation continues to be tightly managed and OCS’ ability to meet all obligations in its financing documents and maintain strong liquidity is a source of strength.
In July, OCS announced a firm offer to acquire Mitie Group plc, a UK-headquartered provider of facilities management and compliance services. The proposed combination would create a UK headquartered international facilities management group with broader sector expertise and geographic reach, bringing together two businesses with complementary strengths, a shared British heritage and an entrepreneurial spirit. The offer has been unanimously recommended by Mitie’s board. On 16 September 2026, the required number of Mitie’s shareholders approved the transaction. Completion remains subject to the other conditions specified in the Rule 2.7 announcement, including regulatory approvals.