ABM files financials for $830M Able acquisition; acquired firm's 2020 revenue $1.09B, net income $48M

ABM INDUSTRIES INC /DE/

ABM acquired Able Services for $830M cash, closed Sept 30, 2021.
Acquired co.'s 2020 sales $1.09B, net income $48.0M; 2019 sales $1.13B, net income $31.0M.
Total assets $302M at Dec 31, 2020; cash $128M, workers' comp liability $75.2M.
Loan from shareholder $10.7M at 10% interest, matures March 2022.
Financials restated for change in goodwill accounting principle; COVID-19 pandemic noted as uncertainty.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.