Printer Friendly
The Free Library
19,573,952 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

ABM Industries Acquires Brandywine Building Services, Inc.


SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden  -- ABM Industries ABM Industries Incorporated NYSE: ABM is an American corporation involved in outsourced, building maintenance. Divisions include ABM Janitorial, Ampco System Parking, ABM Engineering, American Commercial Security (ACSS), Security Services of America (SSA), Amtech Lighting, and  Incorporated (NYSE NYSE

See: New York Stock Exchange
:ABM ABM: see guided missile.

ABM - Asynchronous Balanced Mode
) announced that it has acquired the customer contracts of Brandywine Building Services, Inc., a facility services company based in Wilmington, Delaware, for approximately $3.6 million in cash. Additional cash consideration of approximately $2.4 million is expected to be paid based on the financial performance of the acquired business over the next four years. With annual revenues in excess of $9 million, Brandywine Building Services is a provider of commercial office cleaning and specialty cleaning services throughout Delaware, southeast Pennsylvania and south New Jersey.

"With the purchase of the assets of Brandywine Building Services, ABM Janitorial acquires contracts for more than 35 million square feet and a seasoned management team focused on two key areas of growth - manufacturing and specialty cleaning," said Jim McClure, president of ABM Janitorial. "Our corporate priority is to leverage our expertise in these areas, and we welcome the Brandywine team to ABM. We know they understand that the personal delivery of service in the cleaning industry can differentiate our organization from the competition," he added.

Commenting on the transaction, Brian Blair, president of Brandywine Building Services, stated, "With ABM's extensive network of contacts and capabilities in the marketplace, our collective resources will further enhance the opportunities for us to better serve current and future customers."

About ABM Industries Incorporated

ABM Industries Incorporated is among the largest facility services contractors listed on the New York Stock Exchange New York Stock Exchange (NYSE)

World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City.
. 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 ACSS Africa Center for Strategic Studies
ACSS Aluminum Conductor Steel Supported (cable)
ACSS African Crop Science Society
ACSS Association of Computer Support Specialists
ACSS Aviation Communication and Surveillance Systems
) and Security Services of America (SSA (Serial Storage Architecture) A fault tolerant peripheral interface from IBM that transfers data at 80 and 160 Mbytes/sec. SSA uses SCSI commands, allowing existing software to drive SSA peripherals, which are typically disk drives. ); ABM Facility Services; ABM Engineering; and Amtech Lighting Services.
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Geographic Code:1USA
Date:Nov 7, 2005
Words:321
Previous Article:WFS Financial Inc Sets January 6, 2006 Special Meeting Date.
Next Article:FPL Reaches 95 Percent Restoration Ahead of Schedule; Announces Earlier Restoration Time for Hard Hit Broward County.
Topics:



Related Articles
ABM expands north.
Tenant retention begins with building maintenance.
ABM raising the bar for janitorial excellence.
ABM cleans up 6m s/f deal with Trizec.
Partnership approach to building maintenance.
Outsourcing janitorial services makes sense with ABM.
ABM Industries expands its reach.
ABM wins 125 Park contract.
$3.3B Brandywine buy ranks Trust among biggest.
ABM buys Brandywine service.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles