Utilities M&A » By The Online Investor Staff, updated Sun., Apr. 18, 4:43 AM
Recent mergers and acquisitions in the Utilities M&A category.
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Slide #40. ABM — Alpha Mechanical Service
Acquirer:
ABM (NYSE:ABM)
Acquiree:
Alpha Mechanical Service
Details:
ABM (NYSE:ABM), a leading national provider of facility solutions, announced today that ABM Building Services, a business unit of ABM Building and Energy Solutions, has acquired the service assets of Alpha Mechanical, Inc. Alpha Mechanical is a leading provider of HVAC service, energy solutions, building controls, plumbing service and process piping in commercial, life science, education, military and municipal government buildings. Alpha Mechanical is headquartered in San Diego, CA and maintains operations throughout Southern California. The transaction closed on March 4, 2014.
ABM Industries is a provider of integrated facility solutions. Co.'s segments include: Business and Industry, which encompasses janitorial, facilities engineering, and parking services for commercial real estate properties, sports and entertainment venues, and hospitals and non-acute healthcare facilities; Technology and Manufacturing, which provides janitorial, facilities engineering, and parking services to industrial and manufacturing facilities; Education, which delivers janitorial, custodial, landscaping and grounds, facilities engineering, and parking services for schools, colleges, and universities; and Technical Solutions, which provides mechanical and electrical services.
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Avg. Broker Rec.
 
|
Buy (2.75 out of 4) 17th percentile
(ranked lower than approx. 83% of all stocks covered)
Analysts' Target Price: ABM Stock Forecast Based on Zacks ABR data; powered by Xignite |
