ABM INDUSTRIES INC /DE/ acquired Air Serv Corporation for approximately $158 million in cash, a transaction completed in November 2012, structured as all cash.
Air Serv Corporation operates in Aviation / integrated facility management, is based in United States and United Kingdom (airports). Air Serv Corporation, founded in 2002, was a leading provider of integrated facility management services for the world's leading airlines and freight companies at airports throughout the United States and United Kingdom, employing approximately 12,000 people worldwide. ABM announced the agreement to purchase Air Serv for approximately $158 million in cash on October 8, 2012, subject to certain closing adjustments, and completed the acquisition of all outstanding shares on November 1, 2012.
Air Serv extended ABM's facility services into the aviation end-market, adding approximately 12,000 employees and a presence serving leading airlines and freight companies across U.S. and U.K. airports.
Establishes an aviation services platform serving the world's leading airlines and freight companies; expands ABM internationally into the U.K. ABM Aviation
Advisory firms were not disclosed for this transaction.