ESS Group announces strategic investment from ISG
ESS Group, an industry leader in modern methods of construction (MMC) in the UK and Ireland, has announced that ISG has acquired a majority shareholding in the business. 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. ESS Group is comprised of four individual companies – ESS Modular, Spatial Initiative, Extraspace and Extraloo.
With more than three decades of experience in providing building solutions to the market, ESS Group was founded in Dublin in 1989. Currently headquartered in both Dublin and Manchester, the Group has more than trebled in size in the last five years, and now employs over 280 people across the UK and Ireland.
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.”
