M&A Deal Summary |
|
|---|---|
| Date | 2024-06-24 |
| Target | Quality Uptime Services |
| Sector | Business Services |
| Buyer(s) | ABM |
| Sellers(s) | Seaport Capital |
| Deal Type | Add-on Acquisition |
| Deal Value | 119M USD |
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| Category | Company |
|---|---|
| Founded | 1909 |
| Sector | Business Services |
| Employees | 100,000 |
| Revenue | 8.1B USD (2023) |
ABM is a provider of end-to-end integrated facility solutions services to commercial, governmental, industrial, institutional, retail, and residential facilities located primarily throughout the United States. The Company’s comprehensive capabilities include expansive facility solutions, energy solutions, commercial cleaning, maintenance and repair, HVAC, electrical, landscaping, parking and security services, provided through stand-alone or integrated solutions. ABM was incorporated in 1909 and is headquartered in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 20 of 20 |
| Sector (Business Services) | 13 of 13 |
| Type (Add-on Acquisition) | 17 of 17 |
| State (Connecticut) | 1 of 1 |
| Country (United States) | 18 of 18 |
| Year (2024) | 1 of 1 |
| Size (of disclosed) | 6 of 9 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-08-25 |
Able Services
San Francisco, California, United States Able Services provider of building maintenance, engineering, and facility operations. Able Services also provides janitorial services, operations management, and maintenance engineering. Able Services was founded in 1926 and is based in San Francisco, California. |
Buy | $830M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1997 |
| Size | Middle-Market |
| Type | Sector Focused |
Seaport Capital is a private equity firm that targets equity and mezzanine investments in private middle-market companies. Funds are generally used to support late-stage growth opportunities, as well as buyouts and recapitalizations. Seaport prefers businesses with high margins and recurring revenues. Sectors of interest include marketing services, publishing, media, communications, business services, education, software, cable, and information services. Seaport seeks private companies valued between $25 and $150 million and looks to commit up to $40 million of equity per transaction. Seaport requires board representation and typically holds investments for three to seven years. Seaport Capital was formed in 1997 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 31 of 31 |
| Sector (Business Services) | 3 of 3 |
| Type (Add-on Acquisition) | 19 of 19 |
| State (Connecticut) | 1 of 1 |
| Country (United States) | 29 of 29 |
| Year (2024) | 2 of 2 |
| Size (of disclosed) | 3 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-01-03 |
All Traffic Data Services
Wheat Ridge, Colorado, United States All Traffic Data Services provides traffic data collection and reporting, consulting services, and transportation asset management to a multitude of civil engineering firms, state and local transportation networks, commercial establishments, and cities across the US. All Traffic Data Services was founded in 2001 and is based in Wheat Ridge, Colorado. |
Sell | - |
