ABM Industries Inc was founded in 1909. The Company is a provider of integrated facility solutions. The Company provides end-to-end integrated facilities management services to thousands of commercial, governmental, industrial, institutional, residential, and retail client facilities in hundreds of cities throughout the United States. The Company's capabilities include expansive facility services, energy solutions, commercial cleaning, maintenance and repair, HVAC, electrical, landscaping, parking and security, through stand-alone or integrated solutions. With revenues exceeding $4 billion and approximately 100,000 employees deployed across the United States and international locations, it delivers custom facility solutions to diverse sites across multiple industries - from healthcare, government and education to high-tech, aviation and manufacturing. The Company operates parking lots and garages at various facilities, including office buildings, hotels, medical centers, retail centers, sports and entertainment arenas, educational institutions, municipalities, and airports. Under the managed locations arrangements, the Company manages the underlying parking facility for the owner in exchange for a management fee. Under leased locations arrangements, the Company leases parking facilities from the owner and is responsible for a majority of the operating expenses incurred. Under these arrangements, it retains all revenues from monthly and transient parkers and pays rent to the owner per the terms and conditions of the lease. The lease terms generally range from one to five years and provide for payment of a fixed amount of rent plus a percentage of revenues. The Company provides security services to various businesses. Security services include staffing of security officers; mobile patrol services; investigative services; electronic monitoring of fire, life safety systems, and access control devices; and security consulting services. Clients served include high rise, commercial, industrial, retail, medical, petro-chemical, and residential facilities. Security staffing, or guarding, is the provision of dedicated security officers to a client facility. The Company has a technology platform that is utilized to augment guard force operations. It faces competition from Command Security Corporation; G2 Secure Staff, LLC; G4S plc; ISS; John Menzies plc; Mitie Group plc; OCS Group Limited; Prospect Aviation Corporation; SMS Holdings Corp; and Swissport International, LTD.
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