Investor Relations
Dec 22, 2024 5:13 AM EST
NEW YORK, May 11, 2009 (BUSINESS WIRE) -- ABM Industries Incorporated (NYSE:ABM), which through its subsidiaries is one of the leading facility services contractors in the United States, announced today that it has acquired certain assets controlled by Control Holding Group, Inc., including those of Control Building Services-Northeast Janitorial Services Division, Control Engineering Services, Inc., and TTF, Inc. The acquisition expands ABM's facility cleaning and engineering services offerings to clients in the Northeast and other markets.
The businesses associated with the acquired assets generate annual revenues of approximately $50 million by providing a range of facility maintenance and engineering services to commercial, retail, institutional and pharmaceutical clients - primarily in New Jersey and New York. ABM will acquire these assets and integrate the vast majority into the Company's Northeast operations, while also adding to ABM's presence in the Mid-Atlantic and Northwest regions. More than 1,000 employees - including skilled engineers - are expected to join ABM with the acquisition.
"We are pleased to expand ABM's strong service presence in these key markets and to bring a talented and dedicated group of employees to the ABM team," said Scott Salmirs, executive vice president, ABM Janitorial Services--Northeast. "This transaction allows us to continue to lead the New Jersey and New York markets in delivering high-quality facility services to an even broader base of commercial, institutional and pharmaceutical clients."
Richard Matero, president and chief operating officer, Control Holding Group, said: "When we reached the decision to sell these assets, it became very important for us to find an organization that shared our values and our commitment to customer service. ABM was clearly the right match. Like us, ABM has 100 years of experience in serving the facility services needs of its clients. This transaction is consistent with our strategic plans and leaves both our customers and our employees in the good hands of a leading service provider."
About ABM Industries
ABM Industries Incorporated (NYSE:ABM), which operates through its subsidiaries (collectively "ABM"), is among the leading providers of facility services in the United States. With fiscal 2008 revenues in excess of $3.6 billion and more than 105,000 employees, ABM provides janitorial, facility, engineering, parking and security services for thousands of commercial, industrial, institutional and retail facilities across the United States, Puerto Rico and British Columbia, Canada. ABM's business services include ABM Janitorial Services; ABM Facility Services; ABM Engineering Services; Ampco System Parking; and ABM Security Services.
SOURCE: ABM Industries Incorporated
ABM Industries Incorporated
Tony Mitchell, 212-297-9828
tony.mitchell@abm.com
Copyright Business Wire 2009
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