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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 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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