M&A Deal Summary

IAP Worldwide Services Acquires Johnson Controls World Services

On February 11, 2005, IAP Worldwide Services acquired staffing company Johnson Controls World Services from Johnson Controls for 260M USD

Acquisition Highlights
  • This is IAP Worldwide Services’ 1st transaction in the Staffing sector.
  • This is IAP Worldwide Services’ largest (disclosed) transaction.
  • This is IAP Worldwide Services’ 1st transaction in the United States.
  • This is IAP Worldwide Services’ 1st transaction in Florida.

M&A Deal Summary
Date 2005-02-11
Target Johnson Controls World Services
Sector Staffing
Buyer(s) IAP Worldwide Services
Sellers(s) Johnson Controls
Deal Type Divestiture
Deal Value 260M USD

Target

Johnson Controls World Services

Cape Canaveral, Florida, United States
Johnson Controls Worldwide Services provides the U.S. government with base operations and contingency support, logistics and workforce management and temporary personnel services.

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Buyer(S) 1

Buyer

IAP Worldwide Services

Cape Canaveral, Florida, United States
Category Company
Founded 1990
Sector Transportation
DESCRIPTION

IAP Worldwide Services is a provider of global logistics, infrastructure, IT, communications, power and air traffic management solutions. IAP Worldwide Services is based in Cape Canaveral, Florida.

DEAL STATS #
Overall 1 of 3
Sector (Staffing) 1 of 1
Type (Divestiture) 1 of 3
State (Florida) 1 of 1
Country (United States) 1 of 3
Year (2005) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-05 DRS Technologies - Aviation and Logistics Business

Oklahoma City, Oklahoma, United States

DRS Technologies - Aviation and Logistics Business is a provider of aerospace logistic services.

Buy -

Seller(S) 1

SELLER

Johnson Controls

Cork, Ireland
Category Company
Founded 1885
Sector Diversified
Employees102,000
Revenue 26.8B USD (2023)
DESCRIPTION
Johnson Controls' operational headquarters in Milwaukee, Wisconsin.
Johnson Controls' operational headquarters in Milwaukee, Wisconsin.

Johnson Controls is a diversified technology and industrial company that creates products, services, and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles; and seating and interior systems for automobiles. Johnson Controls was founded in 1885 and is based in Cork, Ireland.

DEAL STATS #
Overall 1 of 16
Sector (Staffing) 1 of 1
Type (Divestiture) 1 of 14
State (Florida) 1 of 1
Country (United States) 1 of 13
Year (2005) 1 of 1
Size (of disclosed) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-11-01 CAL-AIR

United States

CAL-AIR is a Southern California-based engineering and technical facilities services provider.

Buy $35M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-03 York International

Norman, Oklahoma, United States

York International is a designer, manufacturer, and marketer of air conditioning, heating, ventilating, and refrigeration products for residential, commercial, and industrial applications.

Buy $3.2B
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