NEW YORK--(BUSINESS WIRE)--
ABM
(NYSE:ABM), a leading provider of facility solutions,
announced today that ABM Building & Energy Solutions, a business unit of
ABM Facility Solutions Group, has acquired Airco Commercial Services
Inc. Airco Commercial Services is a Northern California provider of HVAC
service, energy solutions and building controls in commercial and
industrial buildings. Airco Commercial Services is headquartered in
Sacramento, CA, and maintains operations in Benicia, San Francisco and
San Jose. The transaction was completed on August 1, 2014. The terms of
the transaction were not disclosed.
"The acquisition of Airco Commercial Services enables ABM to provide an
expansive portfolio of HVAC, mechanical and energy efficiency solutions
throughout Northern California," said Scott Giacobbe, President of ABM
Building & Energy Solutions. "With recent Title 24 changes, PACE
financing options and a variety of government and utility incentives, we
can now offer clients in Northern California cost-effective energy
efficiency solutions that reduce operating expenses and improve indoor
comfort."
Shortly after opening its doors in 1987, Airco Commercial Services
became a Linc Service® franchisee to accelerate growth and
market penetration. The Linc Service franchise is owned by ABM and is
the largest commercial HVAC franchisor in North America. With a 27 year
history of working together, a seamless integration is expected since
standard operating procedures and management principles are shared by
both companies.
"We are very excited to introduce these best-in-class HVAC and energy
efficiency services to our existing electrical, facilities engineering,
janitorial, landscape, security and parking clients throughout Northern
California," said Tracy Price, EVP of ABM and President of ABM Facility
Solutions Group. "Our strategy to deliver our entire portfolio of
services in every major metro area in California is now complete. Many
clients are looking for a single-source provider for all their facility
services. It's a real competitive advantage for ABM."
"We were looking to extend our proud legacy established by Airco
Commercial Services as a longstanding member of ABM's Linc Service
Network for our employees and clients. My family and I wanted to ensure
a smooth transition for our employees and an uninterrupted delivery of
best-in-class solutions to our clients so ABM was the obvious choice,"
said Charles Jones, retiring President of Airco Commercial Services. "My
personal passion is service and I am proud of what our employees have
helped build over the last 25+ years. I have every confidence they will
continue to thrive with ABM."
ABOUT ABM
ABM (NYSE:
ABM) is a leading provider of facility solutions with revenues of
approximately $4.8 billion and 110,000 employees in over 350 offices
deployed throughout the United States and various international
locations. ABM's comprehensive capabilities include facilities
engineering, commercial cleaning, energy solutions, HVAC, electrical,
landscaping, parking and security, provided through stand-alone or
integrated solutions. ABM provides custom facility solutions in urban,
suburban and rural areas to properties of all sizes — from schools,
hospitals, manufacturing plants and airports. ABM Industries
Incorporated, which operates through its subsidiaries, was founded in
1909. For more information, visit www.abm.com.
ABM
Media:
Chas Strong, 770-953-5072
chas.strong@abm.com
or
Investors
& Analysts:
David Farwell, 212-297-9792
dfarwell@abm.com
Source: ABM Industries
News Provided by Acquire Media
