.
MergerLinks Header Logo

New Deal


Announced

Completed

ABM completed the acquisition of Able Services for $830m.

Financials

Edit Data
Transaction Value£604m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA12.77x
Share Price Premium-
One Off Charge-

Tags

Edit

Friendly

Majority

Acquisition

Single Bidder

Private

United States

Domestic

facility solutions

Janitorial

Completed

Synopsis

Edit

ABM, a provider of facility solutions, completed the acquisition of Able Services, a family-owned provider of janitorial, engineering, and facility solutions, for $830m. “This acquisition is fully aligned with the strategic plan we have developed to accelerate our revenue growth and margin expansion in the coming years. Able represents an excellent strategic and cultural fit for us, adding to our scale in engineering and janitorial services, which represent priority growth areas for ABM over the next five years. Additionally, Able’s commitment to delivering outstanding service to its clients while engaging with its team members fits well with ABM’s culture and values. Together, we will build upon our respective strengths and shared values as we provide a broader array of services to an expanded client roster," Scott Salmirs, ABM President and CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US