ABM Acquires GCA ServicesJuly 12, 2017
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ABM has entered into a definitive agreement to acquire GCA Services Group from affiliates of Thomas H. Lee Partners, LP and Goldman Sachs Merchant Banking Division for approximately US$1.25 billion in cash and stock.
Per the terms of the deal, ABM will purchase GCS for $851 million in cash and $399 million in shares of ABM common stock. The acquisition is expected to be finalized by September, pending customary closing conditions and regulatory approvals.
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ABM is a provider of building maintenance and facility services across the United States and Canada, offering customized solutions for cleaning, engineering, maintenance, and commercial building maintenance. For more information, visit www.abm.com.
About GCA Services
GCA Services Group is a national provider of custodial and janitorial services. For more information, visit www.gcaservices.com.