secwatch.observer — SEC 8-K summary
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Issuer:     ABM INDUSTRIES INC /DE/ (ABM)
CIK:        0000771497
Form:       8-K
Filed at:   2022-08-18T23:59:59+00:00
Accession:  0001104659-22-092386
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ABM acquires RavenVolt for up to $450M; microgrid solutions expand Technical Solutions
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- Initial purchase price $170M cash at close; earn-out up to $280M based on 2023-2025 EBITDA targets.
- RavenVolt 2022 projected revenue $70-80M and EBITDA $17-19M.
- Acquisition complements ABM's eMobility, power, and bundled energy services under ELEVATE strategy.
- Closing expected in Q4 fiscal 2022, subject to HSR waiting period.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/771497/000110465922092386/0001104659-22-092386-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/771497/000110465922092386/tm2223741d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-092386

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer