ABM to Acquire Air Serv Corporation for $158M
ABM (NYSE: ABM) today announced a definitive agreement to acquire Air Serv
Corporation for approximately $158 million in cash, subject to certain
closing adjustments. Air Serv, when combined with ABM's Janitorial,
Facility Solutions, Security and Parking airport businesses, will
significantly expand ABM's capabilities in servicing the end-to-end
needs of the airlines and airport authorities and will create an
integrated aviation vertical with over $650 million in annual revenues.