ABM Building & Energy Solutions, a division of
ABM Industries Inc.'s
) Facility Solutions Group, recently acquired Airco Commercial
Services Inc. for an undisclosed amount to augment its Northern
Airco Commercial is a leading provider of heating,
ventiallation and air conditioning (HVAC) service, energy
solutions and building controls in commercial and industrial
buildings in Northern California. With the acquisition, ABM is
expected to provide energy-efficient solutions to electrical,
engineering, janitorial, landscape, security and parking clients
throughout the region. This deal will likely strengthen its
position in the market and unlock additional values by generating
incremental revenue stream. The deal would further enable ABM to
minimize operating expenses for its clients.
ABM aims to strategically expand through both organic and inorganic
growth. The acquisition is also in sync with its vision of becoming
a single-source service provider for all facility services.
ABM, a leading provider of facility solutions, provides
engineering, janitorial, parking, and security services to
thousands of commercial, industrial, institutional, and retail
facilities. 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
provides higher margin opportunities by enabling it to better
deliver end-to-end services to its clients across urban, suburban
and rural areas.
ABM currently holds a Zacks Rank #3 (Hold). Other stocks that
look promising and are worth a look include Treehouse Foods, Inc.(
), carrying a Zacks Rank #1 (Strong Buy), and Rollins Inc. (
) and Pinnacle Foods Inc. (
), both carrying a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research?
Today, you can download 7 Best Stocks for the Next 30 Days.
Click to get this free report
ABM INDUSTRIES (ABM): Free Stock Analysis
PINNACLE FOODS (PF): Free Stock Analysis Report
ROLLINS INC (ROL): Free Stock Analysis Report
TREEHOUSE FOODS (THS): Free Stock Analysis
To read this article on Zacks.com click here.