secwatch.observer — SEC 8-K summary
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Issuer:     ABM INDUSTRIES INC /DE/ (ABM)
CIK:        0000771497
Form:       8-K
Filed at:   2021-09-30T23:59:59+00:00
Accession:  0001104659-21-121256
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/771497/000110465921121256/0001104659-21-121256-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/771497/000110465921121256/tm2128847d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-121256

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