Announced

ABM to acquire WGNSTAR for $275m.

Synopsis

ABM, a provider of integrated facility, infrastructure, and technical solutions, agreed to acquire WGNSTAR, a provider of managed workforce solutions and equipment support services for the semiconductor and high-technology industries, for $275m. “WGNSTAR’s expertise in semiconductor operations and equipment services will align seamlessly with ABM’s strengths in engineering, energy resiliency, and mission-critical solutions. As demand escalates for domestic semiconductor production, we anticipate this transaction will uniquely position ABM to meet our clients’ evolving needs, from cleanroom and critical facility management to specialized technical services supporting chip fabrication and equipment operations. We’re excited to welcome the talented WGNSTAR team to ABM and, together, provide integrated solutions in a dynamic and rapidly growing market," Scott Salmirs, ABM President and CEO.

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MergerLinks - ABM to acquire WGNSTAR for $275m.