ABM Expands Ability to Meet Growing Electrical Safety Compliance Demands with Acquisition of BEST - IR

Wed Sep 11, 2013 8:30am EDT

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ABM Expands Ability to Meet Growing Electrical Safety Compliance Demands with Acquisition of BEST - IR

BEST Increases ABM’s Geographic Presence to Meet NFPA 70E Concerns

ABM (NYSE:ABM), a leading provider of facility solutions, announced today that ABM Electrical Power Services, LLC has acquired certain assets and assumed certain liabilities of BEST Infrared Services, Inc. (BEST). BEST is an electrical testing and maintenance firm specializing in a broad range of specialized commercial/industrial electrical solutions which include: inspections, system testing, power quality monitoring, hazard detection services, repairs, and ongoing predictive maintenance in commercial and industrial buildings, primarily in the southwest region of the United States.

Electrical workplace hazards occupy three of the top 10 spots on the Occupational Safety and Health Administration’s (OSHA) lists of the most frequently cited standards and standards for which OSHA assessed the highest penalties for Fiscal Year 2012. NFPA 70E – titled Standard for Electrical Safety in the Workplace, a standard of the National Fire Protection Association (NFPA) and part of the National Electrical Code (NEC) – is the national consensus standard covering these electrical safety requirements for employees.

ABM’s acquisition of BEST augments the company’s 2012 acquisition of the franchise operations of TEGG Corporation, which has enabled ABM to provide commercial building owners with a complete end-to-end solution for meeting NFPA 70E compliance, including engineering studies, electrical testing, training, repairs and ongoing predictive maintenance. The acquisition of BEST expands ABM’s ability to help building owners and engineers provide OSHA compliant and safe workplaces and minimize OSHA citations and fines. ABM can now provide world-class, end-to-end electrical power solutions through over 130 locations across the United States.

“Bringing BEST into the ABM family enhances our already tremendous expertise and footprint in the electrical power solutions and NFPA 70E compliance markets,” said Lowry Stoops, ABM Franchising Group, LLC executive vice president. “Many of ABM’s clients are struggling to keep up with NFPA 70E requirements. With the acquisition of the TEGG franchise operations and BEST, ABM is able to assist them in becoming 70E compliant, providing safe workplaces, and minimizing potential OSHA fines down the line.”

Stoops continued: “ABM is thrilled to be one of the only electrical service providers in the country who can deliver these critical NFPA 70E compliance services in a turnkey manner. Building value for our clients through electrical safety solutions continues to be a top priority.”

BEST is headquartered in Ontario, CA and maintains operations in southern California, northern California, Georgia, North Carolina and Arizona. The transaction closed on September 1, 2013.

ABOUT ABM

ABM (NYSE: ABM) is a leading provider of facility solutions with revenues exceeding $4 billion and 100,000 employees in over 350 offices deployed throughout the United States and various international locations. ABM’s comprehensive capabilities include facilities engineering, commercial cleaning, energy solutions, HVAC, electrical, landscaping, 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 hospitals to the largest and most complex facilities, such as manufacturing plants and major airports. ABM Industries Incorporated, which operates through its subsidiaries, was founded in 1909. For more information, visit www.abm.com.

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