ABM Inks Deal to Provide Facilities Management Services

Business services provider ABM Industries Incorporated ABM recently announced its decision to provide integrated facility solutions for Kuehne + Nagel branches and distribution centres across the U.S.

ABM aims to provide a full array of building and facilities management services to Kuehne + Nagel's various facilities including office space, warehouses and distribution centers for pharmaceutical and healthcare, retail and automotive companies. Leveraging ABM’s expertise, the branches are likely to receive reliable service, cost and performance measurement.

With this contract, ABM is likely to become the largest provider of facility services in the distribution space. Back to back contract wins are likely to augment the revenues of the company. The company aims to provide efficient and cost-effective solutions to its clients, which further helps it to run the businesses in an effective manner.

Headquartered in San Francisco, CA, ABM provides engineering, janitorial, parking, and security services to commercial, industrial, institutional, and retail facilities across the U.S. as well as Puerto Rico, British Columbia, and Canada. The company has realigned its operational structure to an on-site, mobile and on-demand market based structure. This realignment has improved its long-term growth prospects and is creating higher margin opportunities by enabling it to better deliver end-to-end services to its clients across urban, suburban and rural areas.

ABM currently has a Zacks Rank #2 (Buy). Other stocks that look promising and are worth considering now in the industry include CoreLogic, Inc. CLGX, NV5 Holdings, Inc NVEE carrying a Zacks Rank #1 (Strong Buy) and Rollins Inc ROL carrying a Zacks Rank #2 (Buy).

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