ABM Industries Announces Acquisition of Assets from L&R Group of Companies

ABM Industries Incorporated ABM announced today that its wholly-owned Ampco System Parking subsidiary has acquired select parking assets from the L&R Group of Companies. The cash transaction closed on September 30, 2010. ABM Industries, which operates through its subsidiaries, is a leading United States provider of facility services. Ampco acquired substantially all of the assets of three parking companies – Five Star Parking, Network Parking Company Ltd., and System Parking, Inc. – with significant parking operations throughout the United States. The acquired assets generate annual revenues of more than $160 million, employ approximately 2,500 people and service more than 450 key client accounts across the U.S.