Investor Relations
Dec 22, 2024 7:21 PM EST
For over 20 years, Alpha Mechanical has been a trusted mechanical partner throughout Southern California. Alpha's design and build construction business will continue to operate independently as Alpha Mechanical ("Construction Business"), which has been its core business since its inception in 1991. The service, energy efficiency and controls business ("Service Business") will now become part of ABM's national contractor network.
"Alpha Mechanical has built a strong service business over the last
several years and I am excited to be part of ABM's nationwide service
network and begin to utilize the Linc Service® operations
model to deliver even better service to our clients. Our commitment to
quality and customer excellence will only continue to be enhanced by
this change," said
ABM will continue to rely on Alpha Mechanical as a trusted partner for design build mechanical construction when required to support its clients in Southern California. With this acquisition, ABM is strategically positioned to broaden its existing vertical and geographic market offerings to support the company's vision of becoming the global leader in integrated facility solutions.
"We have a large number of existing ABM clients in the surrounding
"We were looking for a partner to grow our service business and ABM was
the obvious choice. My personal passion is construction, which is why I
will continue to lead Alpha Mechanical and put the service business in
the hands of ABM who specializes in service excellence. Our divesture of
the service component of Alpha Mechanical is a win-win for our clients
and both our companies," said
ABOUT ABM
ABM (NYSE:
ABM) is a leading provider of facility solutions with revenues of
approximately
ABM
Media:
chas.strong@abm.com
or
Investors
& Analysts:
dfarwell@abm.com
Source:
News Provided by Acquire Media
Minimum 15 minutes delayed. Source: LSEG