Remaining property services business sold to company CEO Craig Torrance and President Andrew Nolan with backing from J.P. Morgan Asset Management; Newly relaunched organization will maintain MCS name

MCS, the national property services company founded in 1986, announced today that the company has been sold to current CEO Craig Torrance and President Andrew Nolan. The company will focus solely on providing property services for the commercial, residential and government business sectors.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260105042050/en/

MCS President Andrew Nolan and CEO Craig Torrance

In November 2025, MCS completed the sale of its Mortgage Contracting Services division. The remaining service lines, which includes the MCS Commercial, MCS Residential, and MCS Government Services businesses, along with associated sub-brands – including Chain Store Maintenance LLC, have now been sold to Mr. Torrance and Mr. Nolan.

The new relaunched organization will retain the MCS brand name and will concentrate on work for commercial, residential and government properties nationwide. Both Mr. Torrance and Mr. Nolan will continue in their previous respective roles as CEO and President.

“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,” said Craig Torrance. “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.”

“This is a unique opportunity to renew and expand the MCS focus on its already successful commercial and residential businesses,” added Andrew Nolan. “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.”

“We are pleased to continue working with Craig and Andrew in this management buyout and relaunch of MCS,” said Oliver Butt, Managing Director at J. P. Morgan Asset Management. “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.”

About MCS

MCS is an award-winning property services provider serving commercial, residential, and government properties nationwide. For nearly 40 years, MCS has delivered responsive care and industry-leading service standards by leveraging technology and end-to-end transparency to protect, preserve, and support the communities we serve.

MCS provides a broad range of critical facility maintenance services to commercial and residential properties through a hybrid operating model that combines licensed, self-performed HVAC, plumbing, electrical, landscaping, snow and ice management, light construction, and property remodeling services in key markets across the United States. This self-perform capability is complemented by a trusted national network of service partners who deliver specialized and core services, enabling MCS to provide consistent, high-quality service anywhere in the country.

MCS delivers these services through seven core brands, including MCS, MCS Residential, MCS Commercial, MCS Government Services, and Chain Store Maintenance—an MCS company. Learn how MCS is Making Communities Shine at MCS360.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260105042050/en/

MCS sold to CEO Craig Torrance and President Andrew Nolan and will focus on property services for commercial, residential and government business sectors.