Ampco System Parking Awarded Contract with the City of Minneapolis
LOS ANGELES – May 10, 2006 – Ampco System Parking, a wholly owned subsidiary of ABM Industries Incorporated (NYSE:ABM), has been awarded a multi-year, multi-million dollar contract with The City of Minneapolis. The contract covers parking operations management as well as security, janitorial and engineering services for the City’s 30 parking facilities containing more than 25,000 parking spaces.
“The City of Minneapolis selected Ampco System Parking as its operator because of its competitive pricing and broad-based background in operations and marketing municipal parking systems,” said Mike Sachi, Minneapolis Public Works Parking and Skyway Systems Engineer.
“As the City begins working with Ampco, we anticipate growth and improvements in our parking system’s bottom line.”
The City of Minneapolis is a vibrant metropolitan area with one of the largest daytime worker populations of any city in the country with 160,000 people occupying 24 million square feet of Class A office space. In addition, the city welcomes an average of 90,000 visitors daily, which increases substantially during events at the Target Center and the Hubert H. Humphrey Metrodome. There are also 30,000 residents living in Downtown Minneapolis.
Ampco System Parking is an industry leader, operating more than 1,700 lots and garages in 30 states, including parking facilities at or adjacent to such major international airports as Austin, Buffalo, Cincinnati, Denver, Honolulu, Los Angeles, Minneapolis, Omaha, Orlando, Philadelphia, San Francisco and Seattle.
ABM Industries Incorporated is among the largest facility services contractors listed on the New York Stock Exchange. With fiscal 2005 revenues in excess of $2.5 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.