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Aug 03,2005

ABM Industries Acquires Janitorial Services Operations in Baltimore

ABM Industries Acquires Janitorial Services Operations in BaltimoreSAN FRANCISCO – August 3, 2005 - ABM Industries Incorporated (NYSE:ABM) today announced it has acquired the commercial janitorial cleaning operations in Baltimore, Maryland of the Northeast United States Division of Initial Contract Services, Inc., a provider of janitorial services based in New York, for approximately $0.35 million in cash. The acquisition includes key accounts throughout the metropolitan area of Baltimore and represents over $7 million in annual contract revenue.  Additional consideration will be paid during the subsequent four years based on financial performance of the acquired business.
"In keeping with ABM's corporate growth strategy, the acquisition of this segment of Initial Contract Services’ business complements our company's core services," said Jim McClure, president of ABM Janitorial Services. "These assets fit in well with ABM's existing infrastructure and further strengthen the synergies throughout this major metropolitan area,” he added.
About ABM Industries:

ABM Industries Incorporated is among the largest facility services contractors listed on the New York Stock Exchange. With fiscal 2004 revenues in excess of $2.4 billion and more than 73,000 employees, ABM provides janitorial, parking, security, engineering and lighting services for thousands of commercial, industrial, institutional and retail facilities in hundreds of cities across the United States and British Columbia, Canada. The ABM Family of Services includes ABM Janitorial; Ampco System Parking; ABM Security Services, which includes American Commercial Security Services (ACSS) and Security Services of America (SSA); ABM Facility Services; ABM Engineering; and Amtech Lighting Services.

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