Announced
Completed
Financials
Sources
Tags
United States
Majority
Single Bidder
Private
cleaning services
Acquisition
Friendly
Completed
Construction Services
Synopsis
ASRC, that provides diversified commercial services, completed the acquisition of K2, a national provider of industrial cleaning, tank cleaning, coatings, insulation, scaffolding. Financial terms were not disclosed. "The acquisition of K2 and the associated companies make it 10 acquisitions we have made in pursuit of the AIS strategy initiated in September 2016. I am happy with the progression of the strategy to date, and am confident the AIS and K2 management teams will work collaboratively to sustain the positive momentum and ultimately create a scaled platform that delivers durable, enduring benefits to ASRC's shareholders," Rex A. Rock, ASRC President and CEO.
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