ABM Building Services, a division of ABM Industries Inc.’s (ABM) Building and Energy Solutions, recently acquired the service assets and complete service business of Alpha Mechanical, Inc. for an undisclosed amount. Alpha Mechanical will continue to operate its design and build construction business independently from its headquarters in San Diego, CA.
Alpha Mechanical provides a range of services including HVAC service, energy solutions, building controls, plumbing service and process piping in commercial, life science, education, military and municipal government buildings.
The acquisition is a win-win situation for both the companies. Alpha will be able to focus on its construction business and ABM will further specialize its expertise in the service business which has operations spread across the US as well as internationally. This deal is a further addition to ABM’s portfolio and will likely strengthen its position in the market and unlock additional values, particularly in Southern California. It will also enable ABM to achieve synergies and provide a complete range of services to its existing clients in San Diego and adjoining areas.
ABM also aims to strategically expand through organic growth and acquisitions. With this deal, ABM is well positioned to broaden its existing market offerings and the acquisition is in sync with its vision of becoming a leader in integrated facility solutions across the globe.
ABM, a leading provider of facility solutions, provides engineering, janitorial, parking, and security services to thousands of commercial, industrial, institutional, and retail facilities.
ABM currently holds a Zacks Rank #2 (Buy). Other stocks that look promising and are worth a look include Rollins Inc. (ROL), Team, Inc. (TISI) and The Hain Celestial Group, Inc. (HAIN), each carrying a Zacks Rank #2 (Buy).
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