ABM INDUSTRIES INC /DE/ acquired WGNSTAR for approximately $275 million, a transaction announced in December 2025, structured as all cash.
WGNSTAR operates in Technical Solutions / semiconductor services, is based in United States and Ireland. WGNSTAR is a provider of managed workforce solutions and equipment support services for the semiconductor and high-technology industries, operating across the U.S. and in Ireland with more than 1,300 employees. It generates over half of its revenue from integrated workforce programs that supply trained technical teams to chip fabrication facilities, and also offers OEM equipment support services spanning installation, maintenance, and production tool management. ABM announced the deal as a definitive agreement; it had not yet closed as of the filing.
Following the acquisition, ABM's semiconductor solutions portfolio will be approximately $325 million in revenue on an annualized basis, establishing the Company among the largest integrated service providers in North America, positioning ABM to pursue growth driven by U.S. semiconductor onshoring initiatives supported by CHIPS Act incentives.
Multi-billion-dollar addressable market in semiconductor and high-technology services in which only a small share is currently outsourced, with secular tailwinds from CHIPS Act-driven domestic chip manufacturing. ABM semiconductor / Technical Solutions platform
WGNSTAR's expertise in semiconductor operations and equipment services will align seamlessly with ABM's strengths in engineering, energy resiliency, and mission-critical solutions. As demand escalates for domestic semiconductor production, we anticipate this transaction will uniquely position ABM to meet our clients' evolving needs.Scott Salmirs, President & CEO, ABM Industries
I am incredibly proud of the business our team has built over the past 22 years since its founding in Ireland. Joining forces with ABM will enable us to better serve our clients in this exciting technology market with integrated and innovative solutions.Nigel Wenden, CEO, WGNSTAR
Advisory firms were not disclosed for this transaction.