M&A Deal Summary

OTIS Acquires ABM Amtech

On August 15, 2003, OTIS acquired business services company ABM Amtech from ABM

Acquisition Highlights
  • This is OTIS’s 1st transaction in the Business Services sector.
  • This is OTIS’s 1st transaction in the United States.
  • This is OTIS’s 1st transaction in California.

M&A Deal Summary
Date 2003-08-15
Target ABM Amtech
Sector Business Services
Buyer(s) OTIS
Sellers(s) ABM
Deal Type Divestiture

Target

ABM Amtech

Anaheim, California, United States
ABM Amtech, Inc. is a provider of escalator maintenance, repair and modernization services. Amtech operates regional offices in many major metropolitan areas, including Atlanta, Chicago, Denver, Detroit, Houston, Las Vegas, Los Angeles, Philadelphia, Phoenix, Pittsburgh, San Diego, San Francisco and Washington, D.C.

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Buyer(S) 1

Buyer

OTIS

Farmington, Connecticut, United States
Category Company
Founded 1853
Sector Machinery
Employees71,000
Revenue 14.2B USD (2023)
DESCRIPTION
Entrance to Otis Elevator's corporate headquarters in Farmington, Connecticut.
Entrance to Otis Elevator's corporate headquarters in Farmington, Connecticut.

OTIS is a manufacturer and maintainer of people moving products, including elevators, escalators, and moving walkways. OTIS was formed in 1853 and is based in Farmington, Connecticut.

DEAL STATS #
Overall 1 of 5
Sector (Business Services) 1 of 3
Type (Divestiture) 1 of 2
State (California) 1 of 1
Country (United States) 1 of 3
Year (2003) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-26 Marshall Elevator

Pittsburgh, Pennsylvania, United States

Marshall Elevator is a full-service elevator company serving Pennsylvania.

Buy -

Seller(S) 1

SELLER

ABM

New York, New York, United States
Category Company
Founded 1909
Sector Business Services
Employees100,000
Revenue 8.1B USD (2023)
DESCRIPTION

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 1 of 4
Sector (Business Services) 1 of 2
Type (Divestiture) 1 of 4
State (California) 1 of 2
Country (United States) 1 of 4
Year (2003) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-03-04 AmGuard Security And Patrol Services

Germantown, Maryland, United States

AmGuard Security And Patrol Services, is a provider of security officer services, primarily to high-rise, commercial and residential structures.

Buy $1M
Mergr

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