Profile: ABM Industries Inc (ABM.N)

ABM.N on New York Stock Exchange

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ABM Industries Incorporated (ABM), incorporated on March 19, 1985, is a provider of integrated facility solutions. The Company provides end-to-end integrated facilities management services to commercial, governmental, industrial, institutional, residential, and retail client facilities in 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. The Company’s onsite businesses consist of Janitorial, Facility Services, Parking and Security segments. Its mobile and on-demand businesses consist of the Building & Energy Solutions reportable segment, and certain unconsolidated affiliates that provide facility solutions, primarily to the U.S. Government, which complement the other operations of the Building & Energy Solutions segment. The Company’s new segment, Other, is comprised of Air Serv.

Janitorial

The Janitorial segment provides a range of essential janitorial services for a variety of client facilities, including airports and other transportation centers, commercial office buildings, educational institutions, government buildings, health facilities, industrial buildings, retail stores, shopping centers, stadiums and arenas, and warehouses. These services include carpet cleaning and dusting, floor cleaning and finishing, furniture polishing, window washing, and other building cleaning services. Janitorial services are provided in all 50 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as in certain international locations. The Janitorial segment, for fiscal year ended October 31, 2013, contributed 51.26% of the Company’s revenues.

Facility Services

The Facility Services segment provides onsite mechanical engineering and technical services and solutions for facilities and infrastructure systems for a variety of client facilities, including airports and other transportation centers, commercial infrastructure, corporate office buildings, data centers, educational institutions, high technology manufacturing facilities, museums, resorts, and shopping centers. These services are designed to extend the useful life of facility fixed assets, improve equipment operating efficiencies, reduce energy consumption, lower overall operational costs for clients, and enhance the sustainability of client locations. Facility services are provided in 42 states and the District of Columbia, as well as in certain international locations. The Facility Services segment, for fiscal year ended October 31, 2013, contributed 12.67% of the Company’s revenues.

Parking

The Parking segment provides parking and transportation services for clients at many facilities, including airports and other transportation centers, educational institutions, health facilities, hotels, municipalities, office buildings, retail centers, and stadiums and arenas. Parking services are provided in 41 states and the District of Columbia. There are three types of arrangements for parking services: managed locations, leased locations, and allowance locations. Nearly all contracts are obtained by competitive bidding. The Parking segment, for fiscal year ended October 31, 2013, contributed 12.66% of the Company’s revenues.

Security

The Security segment provides security services for a range of facilities, including Class A high rise, commercial, health, industrial, petro-chemical, residential, and retail facilities. Security services include staffing of security officers, mobile patrol services, investigative services, electronic monitoring of fire and life safety systems and access control devices, and security consulting services. The Security segment, for fiscal year ended October 31, 2013, contributed 7.93% of the Company’s revenues.

Building & Energy Solutions

The business activities of the Company’s Building & Energy Solutions segment include mobile and on-demand operations. The Building & Energy Solutions segment provides heating, ventilation, air-conditioning, electrical, lighting and other general maintenance and repair services. These services include preventative maintenance, retro-commissioning, installations, retrofits and upgrades, environmental services, systems start-ups, performance testing, energy audits, and bundled energy solutions for a wide variety of clients in both the private and public sectors. The Company also includes within the Building & Energy Solutions segment, its franchised operations under the Linc Network, TEGG, and CurrentSAFE brands, which provide mechanical and electrical preventive and predictive maintenance solutions. The GreenHomes America brand provides home energy efficiency solutions. The Building & Energy Solutions segment operates in all 50 states and the District of Columbia, as well as in certain international locations. This segment also provides support to U.S. Government entities for specialty service solutions, such as military base operations, leadership development, education and training, energy efficiency management, medical support services, and construction management. The Building & Energy Solutions segment, for fiscal year ended October 31, 2013, contributed 8.35% of the Company’s revenues.

Other

The business activities of Other segment include the operations of the Company’s recently acquired Air Serv business. Air Serv provides facility solutions services to clients in aviation vertical related to passenger assistance, including wheelchair operations, aircraft cabin cleaning, janitorial services, shuttle bus operations, and access control, among others. Air Serv operates in 26 states and the United Kingdom. The Other segment, for fiscal year ended October 31, 2013, contributed 7.10% of the Company’s revenues.

The Company competes with Aviation Safeguards, G2 Secure Staff, LLC, G4S plc, ISS Facility Services, Inc., Menzies Aviation, PLC, Mitie Group, PLC, OCS Group Limited, PrimeFlight Aviation Services, Prospect Aviation Corporation, and Swissport International, LTD.

Company Address

ABM Industries Inc

551 5th Ave Rm 300
NEW YORK   NY   10176-0399
P: +1212.2970200
F: +1302.6555049

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