MCS, a national property services company founded in 1986, announced it has been acquired by its current leadership in a management buyout backed by J.P. Morgan Asset Management, with the relaunched organization retaining the MCS name and narrowing its focus to commercial, residential, and government property services.
Under the transaction, MCS was sold to CEO Craig Torrance and President Andrew Nolan. The company said it will concentrate solely on property services for commercial, residential, and government properties nationwide, with Torrance and Nolan continuing in their current roles.
The buyout follows a portfolio reshaping that began late last year. In November 2025, MCS completed the sale of its Mortgage Contracting Services division. The remaining service lines—MCS Commercial, MCS Residential, and MCS Government Services—along with associated sub-brands, including Chain Store Maintenance LLC, were included in the sale to Torrance and Nolan.
Management said the new ownership structure is intended to enable longer-term decision-making, including investments in employee development and technology, while continuing to expand the company’s local field presence and self-performing capabilities. J.P. Morgan Asset Management said it is supporting the relaunch based on its long-standing relationship with the management team and confidence in their ability to scale complex service organizations.
MCS provides facility maintenance and related services through a hybrid operating model that combines licensed, self-performed work such as HVAC, plumbing, electrical, landscaping, snow and ice management, light construction, and remodeling—with a national network of service partners.
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“I’m excited to now be an owner of the business. Being an owner allows us the flexibility to make decisions with a long-term perspective, decisions that prioritize sustainable growth rather than short-term outcomes. While we will continue to focus on growth and delivering exceptional customer service, ownership enables us to place greater emphasis on long-term employee development, thoughtful investments in technology, and operating the business in the way we believe our customers truly want it run.”
Craig Torrance, CEO, MCS
“This is a unique opportunity to renew and expand the MCS focus on its already successful commercial and residential businesses. We’re particularly excited to continue the growth of our local field presence nationwide and further develop the self-performing capabilities we provide for clients. Craig and I are thrilled to have completed this management buyout, made possible with the financial support of J. P. Morgan Asset Management. While this represents a new chapter for MCS, we will still offer an exceptional array of property services solutions to the sectors we serve, bolstered by our unmatched expertise that has been shaped over four plus decades.”
Andrew Nolan, President, MCS
“We are pleased to continue working with Craig and Andrew in this management buyout and relaunch of MCS. We have known the management team for many years and have seen how they manage and scale complex service organizations. We are excited to help facilitate this new chapter for MCS in support of their ambitions for future growth.”
Oliver Butt, Managing Director, J. P. Morgan Asset Management
