PSP Investments acquires digital infrastructure

Building maintenance provider ABM acquires GCA Services

Thursday, July 27, 2017

ABM, a provider of building maintenance and facility services across Canada and the United States, is acquiring GCA Services Group (GCA) for about $1.25 billion.

GCA provides custodial and janitorial services in the U.S., specializing in facilities maintenance, janitorial services, grounds management, vehicle services and outsourced workforce solutions.

The transaction is expected to be finalized by September.

“This transformative and accretive acquisition will accelerate our 2020 Vision by creating a broader platform upon which we can grow profitably and further distinguish ABM as an industry-focused solutions provider,” Scott Salmirs, president and chief executive officer of ABM Industries. “We look forward to gaining insights from GCA, a well-established industry leader with top talent. GCA’s client-centric goals and philosophies align closely with those of ABM, and we are excited about the value this combination will bring to our clients, our employees and our shareholders.”

“We are excited to be joining the ABM family, which will allow us to better serve our clients with more services and greater reach,” added GCA President and CEO Bob Norton. “We believe our combination with a company that shares our vision for profitable growth will lead to significant long-term value for all stakeholders.”

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