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Slide #26. ABM — Air Serv Corporation
Air Serv Corporation
ABM a leading provider of integrated facility solutions, today announced a definitive agreement to acquire Air Serv Corporation for approximately $158 million in cash, subject to certain closing adjustments. Air Serv, when combined with ABM's Janitorial, Facility Solutions, Security and Parking airport businesses, will significantly expand ABM's capabilities in servicing the end-to-end needs of the airlines and airport authorities and will create an integrated aviation vertical with over $650 million in annual revenues.
ABM Industries provides integrated facility solutions. Co.'s segments are: Business and Industry, which includes janitorial, facilities engineering, and parking services; Aviation, which supports airlines and airports with services; Technology and Manufacturing, which provides janitorial, facilities engineering, and parking services; Education, which delivers janitorial, custodial, landscaping and grounds, facilities engineering, and parking services; Technical Solutions, which provides mechanical and electrical services; and Healthcare, which provides among others, clinical engineering, food and nutrition, laundry and linen, parking and guest services, and patient transportation services.
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Buy (2.57 out of 4)
(ranked lower than approx. 80% of all stocks covered)
Based on Zacks ABR data;
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