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ABM Expands HVAC and Energy Solutions Presence in DC Metro Area With Acquisition of CTS Services and Facility Support Services
NEW YORK, May 5, 2015 (GLOBE NEWSWIRE) --
ABM (NYSE:ABM), a leading provider of facility solutions, announced
today that its Building & Energy Solutions Group has acquired the
combined services of CTS Services/Facility Support Services, trusted
providers of HVAC service and energy solutions in government,
commercial and industrial buildings with over $35 million in annual
revenue. CTS Services/Facility Support Services are headquartered in
Beltsville, Maryland and maintain operations in Texas and West
Virginia, in addition to the greater DC and Baltimore areas. The
transaction was completed on May 1, 2015. The terms of the transaction
were not disclosed.
"The acquisition of CTS Services/Facility Support Services further expands the comprehensive portfolio of HVAC, mechanical and energy solutions ABM delivers throughout the greater DC and Baltimore areas, as well as expands our capabilities in data centers and high availability facilities," said Tracy K. Price, President of ABM Building & Energy Solutions Group. "Many of ABM's clients are seeking solutions to reduce their energy and operating costs and we can now self-perform these services for ABM's existing clients in an even larger geographic area."
CTS Services/Facility Support Services have been respected names throughout the greater DC and Baltimore areas for nearly 15 years. The combined businesses bring a vast amount of experience in mission critical facilities to ABM, ensuring that ABM's current clients have more service options with ABM than ever before. In addition, ABM can now offer an even more holistic set of offerings in facilities requiring distinct clearance levels.
"This acquisition supports our strategy to deliver ABM's entire portfolio of services in each of our major market areas. We are excited to introduce these best-in-class HVAC and Energy services to our existing facilities clients while also expanding our expertise in government and commercial mission critical facilities." said Scott Salmirs, President & CEO of ABM. "This is yet another tremendous value-add for ABM's clients."
Steve Wells, president of CTS Services/Facility Support Services, will maintain his current role and have responsibility for the operation of the business.
"CTS Services/Facility Support Services has a proud legacy of providing best-in-class HVAC services and energy solutions, and we look forward to building on our rich history alongside ABM," said Wells. "We chose to partner with ABM because they are a world-class organization that will provide our employees with a smooth transition and our clients will receive an uninterrupted delivery of 'best in class' solutions. My personal passion is service and I am proud of what the employees of CTS/FSS have built over the last 15 years. ABM was the obvious choice to help CTS/FSS grow and continue to thrive."
ABM (NYSE:ABM) is a leading provider of facility solutions with revenues of approximately $5.0 billion and 118,000 employees in over 300 offices deployed throughout the United States and various international locations. ABM's service capabilities include electrical & lighting, energy solutions, facilities engineering, HVAC & mechanical, landscape & turf, parking and security, provided through stand-alone or integrated solutions. ABM provides custom facility solutions in urban, suburban and rural areas to properties of all sizes — from schools and bank branches to the largest and most complex facilities, such as airports, hospitals and manufacturing plants. ABM Industries Incorporated, which operates through its subsidiaries, was founded in 1909. For more information, visit www.abm.com.
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