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Acquisition adds technical services capabilities and uniquely positions ABM to deliver complete solutions to clients in the UK

10 December 2015

ABM, a provider of facility solutions, announced it has signed a definitive agreement acquiring Westway Services Holdings (2014). (“Westway”), a provider of technical engineering services to customers in the United Kingdom (U.K.), in an all cash deal

With annual revenues of £54 million (approximately U.S. $81 million), the acquisition adds to the Company’s current strength in the U.K. and supports ABM’s transformation to a solutions-driven business. The terms of the transaction were not disclosed.

“The acquisition is a natural fit, in line with our long-term strategic vision, and continues our focus in areas where we can achieve higher margins and deliver greater value to our stakeholders,” said Scott Salmirs, president and chief executive officer, ABM. “Building upon our Aviation vertical through OmniServ and the GBM acquisition, recently rebranded as ABM U.K., Westway will allow ABM to expand into market adjacencies and deliver complete solutions, including deep technical services, to our clients in the U.K.”

Founded in 2000, Westway is a technical facility services provider and offers technical engineering services such as heating, ventilation, air conditioning, refrigeration, electrical installations, building management systems, planned preventative maintenance, and reactive maintenance services. The company is based in South Ruislip, West London and has approximately 540 employees.

“Westway has a tremendous reputation for high-quality and premium service which differentiates them in the marketplace,” said John Spencer, managing director, ABM U.K. “We are very excited about the strength that Westway will bring to ABM, and are confident that they will enhance our ability to deliver integrated facilities management capabilities.”

The combination of ABM and Westway will open up rich solution selling opportunities across the companies varied customer bases. The deal will allow ABM to immediately extend Westway’s mechanical, electrical and core service lines to its current U.K. customer base. In addition, it offers the opportunity to cross-sell ABM’s leading services to existing Westway clients.

Becoming part of ABM will also open up new opportunities for Westway employees to pursue professional development and expand their personal opportunities. The company will continue to be led by its current management team.

“Today’s announcement further enhances our growth opportunities and the ability to provide our clients with additional services and resources,” said Andy Donnell, managing director, Westway. “We believe we can substantially leverage our capabilities as a combined entity and are confident that our clients and employees will benefit greatly from the combination of our businesses.”

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