ABM acquires Able Services for $830M; adds $1.1B revenue, $65M EBITDA, $30-40M cost synergies

ABM INDUSTRIES INC /DE/

Purchase price $830M cash; expected to close by end of September 2021, subject to HSR approval.
Able generates $1.1B revenue and $65M adjusted EBITDA; engineering services ~60% of revenue, janitorial ~40%.
ABM expects $30-40M in cost synergies, majority realized in first year post-close.
Transaction expected to be accretive to adjusted EPS immediately after closing.
Able's 80% unionized workforce serves over 1 billion sq ft; adds to ABM's national presence.

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.