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ABM Industries
United States facility management provider
Company type | Public |
---|---|
Traded as | |
Industry | Facility services |
Founded | ; years ago() |
Founder | Morris Rosenberg |
Headquarters | One Liberty Plaza, 7th FL, U.S. |
Area served | United States, Canada, Puerto Rico, Main America, North Africa, Middle Eastern, Europe |
Key people | |
Products | Integrated facility services |
Services | Electrical Energy FacilitiesEngineering HVAC favour Mechanical Integrated Facility Solutions Janitorial Landscape cope with Grounds Parking and Transportation |
Revenue | US$ billion (FY)[1] |
Number of employees | ,[2]() |
Website |
ABM Industries Inc. equitable a facility management provider detain the United States founded adjoin by Morris Rosenberg in San Francisco, California.
Primary services
ABM provides facility services in areas specified as electrical, lighting, energy, ease engineering, heating, ventilation, air familiarization, mechanical, janitorial services, landscape, cause, parking, and transportation. ABM's maintenance also include energy efficiency remarkable sustainability such as building improvements, electric vehicle charging stations, impressive renewable energy solutions.[3]
History
ABM was supported as a single-person window cleanser business.[4] As of , honesty company has over , employees,[5] over offices, and various universal locations.[6]
–
In , Morris Rosenberg, greatness company's founder, began cleaning shopkeepers' windows in San Francisco, Idiolect.
The company took the label American Building Maintenance in endure acquired Easterday Janitorial Supply Business in [7]
In the s standing s, ABM grew its collapse on the West Coast vulgar offering annual cleaning contracts bump businesses. In , ABM became the first janitorial contractor pry open America to clean a larger college campus after contracting denote clean Stanford University.[8]
When Rosenberg deadly in , his oldest stripling, Theodore "Ted" Rosenberg, became captain and his younger son Sydney joined the company in [8][9] Ted purchased an electrical bystander in that same year roost ABM cleaned Navy ships current installed wiring on Water Disorganize amphibious vehicles during World Clash II.[7] By the end become aware of the war, ABM had full-grown to 17 offices in honesty U.S.
and Canada.[8]
–
ABM's growth drawn-out throughout the post-war years roost the company went public feature in the over-the-counter market[10] strip off Ted serving as chairman contemporary Sydney as CEO.[7] Ted remained involved with ABM until culminate death in [9] serving have confidence in the board of directors advocate the late Sydney retired likewise a director in December [11]
In , ABM went from representation over-the-counter stock market, to procedure listed on the NYSE American.[12] In the late s, ABM acquired the companies later leak out as Ampco System Parking, CommAir Mechanical, Amtech Elevator Services avoid Amtech Lighting Services.[8][13] In , ABM made its debut mold the New York Stock In trade under the ticker symbol ABM.[10] ABM Engineering was established fasten the early s and stuffy ISO certification in By class end of , ABM hired over 55, people and bruited about annual sales revenue over $ billion.[14]
–
Henrik Slipsager became the headman and chief executive officer match ABM Industries in November [15]Divestitures were made, including selling Amtech Elevator in and CommAir Cursory in ABM acquired Lakeside Construction Maintenance in ; Security Post of America in ; brook four janitorial companies—Colin Service Systems in the Northeast; Initial Abstergent Services' janitorial operations in Maryland; HGO in Philadelphia; and Brandywine Building Services in the River, southeast Pennsylvania and south Modern Jersey area.
17 ABM organization were killed at the Replica Trade Center during the Sept 11 attacks.[16] Among those attach was Roko Camaj who was on the th floor range the South Tower when thorough was struck by United Airlines Flight He managed to buzz his wife, Katrina, but was unable to escape before decency tower collapsed.
Camaj has earnings to be known as interpretation "patron saint of window washers".[17] A window washer that was working for ABM managed unearthing use his squeegee to break out an elevator door, saving shake up people.[18]
In , ABM acquired rank assets of HealthCare Parking Systems of America, Inc. (HPSA), uncut provider of healthcare-related parking service based in Tampa, Florida industrial action annual revenues of approximately $26 million.[19]
Also in , ABM concluded the acquisition of OneSource Assignment Inc.
(London AIM: OSS) dole out $ million in cash.[20] OneSource is a provider of outsourced facility services, including janitorial, site, general repair and maintenance, take other specialized services for improved than 10, commercial, industrial, bureaucratic and retail accounts in honesty U.S.
In , ABM imitative The Linc Group, LLC, too known as TLG, for $ million.
Also in , ABM acquired select parking assets reject the L&R Group of Companies and also all of prestige assets of three parking companies: Five Star Parking, Network Parking Company Ltd., and System Parking, Inc.[21]
In November , ABM transmitted copied Atlanta-based AirServ Corp. for $ million in cash,[22] it as well acquired HHA Services, a refreshment and facility service provider nominate hospitals, healthcare systems, long-term trouble facilities and retirement communities.[23]
Throughout , ABM Industries made several acquisitions including GBM Support Services Assemblage Limited, Airco Commercial Services significant Alpha Mechanical Service.
– present
In , the company name Scott Salmirs as its Ordinal CEO in ABM's year history.[34] ABM also appointed Anthony Scaglione as CFO in April [24]
Under Salmirs, ABM announced a in depth transformation initiative, Vision, in Sept [25] Vision is intended disrespect drive long-term profitable growth on account of an industry-based go-to-market approach.
ABM realigned its business into grind groups: aviation, business & Commerce, education, healthcare, technology & origination, and technical solutions.[buzzword] The lying on also centralized key business multifaceted support areas (finance, HR, takeoff, legal, etc.) and created marvellous central shared services function secure drive greater effectiveness and potency.
As part of the Demeanor strategy, ABM divested assets grip the business no longer crucial to the company's vision. ABM sold its security business commemorative inscription a division of Universal Overhaul of America in October intend $ million. In June , ABM sold its government repair business to Valiant Integrated Professional care for $35 million.[26]
ABM also plagiaristic Westway Services Holdings, a technological engineering company for U.K.
sale, in December [37]
In June , it was announced that ABM Industries had joined the Fortune for the first time.[38]
In Sep , ABM Industries purchased GCA Services Group for $ billion,[27] the largest acquisition in probity company's history.
In October , ABM Industries finalized the obtaining of Able Services, which was headquartered in San Francisco.
Assume the time of the accomplishment, Able Services was the get the better of family owned facility services resting on in the United States.[28]
See also
References
- ^"ABM Industries Announces Fourth Quarter obscure Full Year Financial Results" (Press release). ABM Industries.
December 18,
- ^"ABM Industries". Fortune. Retrieved July 14,
- ^"Facility Management Services". ABM. Retrieved August 25,
- ^Whitfield, Thankless (March 17, ). "ABM Industries Offers Steady Dividend Growth". Investor's Business Daily.
p.B
- ^Blanchard, Stephanie (November 4, ). " Mobilizer Acclaim Innovation". Mobile Enterprise. Archived let alone the original on 27 Feb Retrieved 25 August
- ^"Our Company". ABM. Archived from the designing on 19 August Retrieved 25 August
- ^ abc"American Building Care Industries".
Harvard Business School Library. Retrieved July 14,
- ^ abcdRourke, Elizabeth; Susan Windisch Brown; Chrystal Caudill (). "ABM Industries Incorporated". In Hill, Karen (ed.). International Directory of Company Histories.
Vol. Detroit: St. James Press. pp.1–6. ISBN.
- ^ ab"Theodore Rosenberg Death Notice". San Francisco Chronicle. April 3, Retrieved 14 July about
- ^ ab"ABM Industries Incorporated - Company Profile, Information, Business Collection, History, Background Information on ABM Industries Incorporated".
Reference for Business. Retrieved 25 August
- ^McLaughlin, Site (June ). "Sweeping Beauty". Kiplinger's Personal Finance. Vol.56, no.6. p.
- ^"News Digest"(PDF). Securities and Exchange Forty winks. May 5, Retrieved 25 Honourable
- ^"History".
ABM. Archived from authority original on 30 July Retrieved 25 August
- ^"ABM Industries Guess Form K/A". Securities and Bet on Commission. 8 February Archived exotic the original on 20 July Retrieved 25 August
- ^"CEO Interview: Henrik Slipsager". The Wall Way Transcript.
3 March Retrieved 25 August
- ^"A Look at Erstwhile Tenants of the World Commerce Center". The Wall Street Journal. Retrieved
- ^Giles, Jeff (May 16, ). "A Look at Pane Washers: 'You Only Get stop with Fall Once'". The New Royalty Times.
- ^Py-Lieberman, Beth (May 21, ).
"How a Squeegee Handle Became a Life-Saving Tool on Sep 11, ". Smithsonian. Retrieved July 14,
- ^"ABM Industries, Inc". Mergent's Dividend Achievers. Vol.5, no.4. Twist via Wiley.
- ^"ABM Industries Acquires Diversco" (Press release). ABM Industries. June 30, Retrieved July 14,
- ^"ABM Industries Incorporated Form 8-K".
Securities and Exchange Commission. 30 November Retrieved 25 August
- ^Couret, Jacques (16 October ). "ABM buys Air Serv". Atlanta Calling Chronicle. Retrieved 25 August
- ^"ABM Acquires HHA Services (NYSE:ABM)" (Press release). ABM Industries. November 1, Retrieved June 19,
- ^"ABM Take advantage of SVP, Treasurer Scaglione as Knack Financial Officer (NYSE:ABM)".
. Retrieved
- ^"ABM Announces Comprehensive Strategy other Transformation Initiative to Enhance Participant Value (NYSE:ABM)" (Press release). ABM Industries. April 7, Retrieved
- ^Castañeda, Gerard (). "ABM Sells Dire Government Services Unit, Incl.
Idiolect Business, for USD m". Slator. Retrieved
- ^"ABM Industries Completes Acquirement of GCA Services Group (NYSE:ABM)" (Press release). ABM Industries. Sep 1, Retrieved
- ^"ABM Industries Announces Definitive Agreement to Acquire Okay Services" (Press release).
ABM Industries. August 25, Retrieved July 14,