Profile: ABM Industries Inc (ABM)
9 Dec 2013
ABM Industries Incorporated (ABM) is a provider of integrated facility solutions. The Company provides end-to-end integrated facilities management services to thousands of commercial, governmental, industrial, institutional, residential, and retail client facilities in hundreds of cities, primarily throughout the United States. ABM’s capabilities include facility services, energy solutions, commercial cleaning, maintenance and repair, heating, ventilation, and air conditioning (HVAC), electrical, landscaping, parking and security, through stand-alone or integrated solutions. ABM delivers custom facility solutions to sites across multiple industries from healthcare, government and education to high-tech, aviation and manufacturing. The Company operates in four segments: Janitorial, Facility Solutions, Parking and Security. In November 2012, the Company acquired HHA Services. In November 2012, the Company's ABM Building Services acquired the operations of Calvert-Jones.
The Company’s Janitorial segment provides services, which includes floor cleaning and finishing, window washing, furniture polishing, carpet cleaning and dusting, and other building cleaning services. The Company’s Janitorial subsidiaries operate in 49 states and the District of Columbia.
The Company’s Facility Solutions subsidiaries primarily operate in 49 states and the District of Columbia. These mobile and onsite services include both mechanical engineering and technical services and solutions for infrastructure systems, which include preventative maintenance, retro-commissioning, mechanical retrofits and upgrades, electric vehicle charging stations, electrical service, systems start-ups, performance testing, and energy audits. In addition, included within the Facility Solutions segment are individual and area franchises that permit companies to perform engineering services under the Linc Network brand. Subsidiaries in the Facility Solutions also provide programs in support of the United States Government operations, such as leadership development, education and training; language support services; medical support services, and construction management. During the fiscal year ended October 31, 2011 (fiscal 2011), approximately 21% of the Facility Solutions revenues were generated from contracts with the United States Government.
The Company operates parking lots and garages at many facilities, including office buildings, hotels, medical centers, retail centers, sports and entertainment arenas, educational institutions, municipalities, and airports. There are three types of arrangements for parking services: managed locations, leased locations, and allowance locations. Under the managed arrangements, the Company manages the underlying parking facility for the owner in exchange for a management fee. Under leased location arrangements, the Company leases parking facilities from the owner and is responsible for a majority of the operating expenses incurred. Under allowance arrangements, the Company is paid a fixed or hourly fee to provide parking services and is then responsible for the agreed-upon operating expenses based upon the agreement terms.
The Company’s Security subsidiaries operate in 39 states and the District of Columbia. Security services include staffing of security officers, mobile patrol services, investigative services, electronic monitoring of fire, life safety systems and access control devices, and security consulting services. Mobile patrol is the use of roving security officers in vehicles that serve multiple locations and clients across a pre-defined geographic area. Investigative services include white collar crime investigation, undercover operations, and background screening services.
ABM Industries Inc
Suite 300, 551 Fifth Avenue
NEW YORK NY 551 FIFTH