Q&A on the SiteServdeal

What is SiteServ and why is it in the news?

A construction services company that, among other things, has a subsidiary that forms part of GMC Sierra. GMC Sierra installs water meters for Irish Water.

In March 2012 Millington, an investment vehicle based in the Isle of Man, bought SiteServ for €45.4m from the Irish Bank Resolution Corporation formed from the merger of Anglo Irish Bank and the Irish Nationwide Building Society.