ABM Finalizes Purchase of GCA ServicesSeptember 1, 2017
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ABM has completed its purchase of GCA Services Group from affiliates of Thomas H. Lee Partners, LP and Goldman Sachs Merchant Banking Division.
Per the terms of the US$1.25 billion transaction, which was announced in July, ABM acquired GCA for $851 million in cash and 9.5 million shares of ABM common stock. The deal expands ABM’s client portfolio in the educational and industrial sectors.
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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.