ABM closes $830M acquisition of Able Services (Crown Building Maintenance)

ABM INDUSTRIES INC /DE/

Acquired Crown Building Maintenance and Crown Energy Services (d/b/a Able Services) for $830M cash.
Acquisition adds scale to core businesses, expands engineering/technical services, and boosts sustainability offerings.
Combined annualized revenue expected to be nearly $2B; ABM now has over 100,000 employees.
Transaction financed with cash on hand and amended revolving credit facility.
Financial statements of acquired business to be filed by amendment within 71 days.

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