In order to improve the educational environment of schools,
ABM Industries Incorporated
) has teamed up with the Madison County School District in Madison
County, Georgia, for the third time in a row via the company's
Bundled Energy Solutions ("BES") Program.
The BES program will enable four schools of Madison County
School District to save around $5.5 million in energy and
operational costs and utilize the money in infrastructure
This initiative will benefit the students as well as teachers
and staff to get clean air along with a number of other facilities.
Endowed with a clean and healthy environment, they will be able to
deliver much better, producing quality work which, in turn, will
enhance the schools' reputation and business.
ABM Industries intends to provide energy saving solutions along
with improving lighting and ventilation systems. A host of
efficient technological solutions will be provided encompassing the
heating, ventilation and air-conditioning ("HVAC") system,
lighting, water source heat pumps as well as the energy control
In addition to these, efficient heat pump loop boiler will be
installed at Colbert Elementary School while Danielsville
Elementary School will be provided with a six-panel solar power
ABM Industries has been involved with the maintenance of the
schools' HVAC system along with the lighting facility for many
years. The company expects to complete renovations by August while
the control systems management will be completed by October this
Other Projects of
Bundled Energy Solutions
Recently, ABM Industries entered into a deal with the Fayette
County Career & Technical Institute ("FCCTI") in Uniontown,
Pennsylvania, to provide renovation activities through BES. The
project will enable FCCTI to save nearly $4.9 million through
energy savings over a span of 20 years.
The project will provide major infrastructural renovation of the
Institute. In addition to infrastructure development, it will
increase the electrical efficiency twofold.
About Bundled Energy Solutions
In today's world, where organizations find energy management and
infrastructure improvement quite challenging, ABM Industries offers
the BES. The BES are cost efficient and simply caters to building
owners as well as facility managers who are interested in improving
Each client can get solutions as per his/her own requirements.
Moreover, the clients can reallocate the savings from the project
and pay for the improvements on the energy front.
We believe that BES will help ABM Industries to get new deals
along with the renewal of the existing ones. This will also enable
the company to combat with the growing threats from both local and
national players, driven by low cost of entry into the facility
Recently, ABM Industries has chartered the ABM Energy for
implementing technologies that would benefit the customers by
reducing their energy consumption as well as operating costs. The
company's capabilities have significantly improved with the
acquisition of The Linc Group in 2010.
However, a significant portion of Linc's revenues is generated
by government contracts. Reduced government spending on outsourced
services as well as payment delays may weigh on revenues.
Currently, we have a long-term Neutral recommendation on ABM
Industries, which is in line with the short term Zacks #3 Rank
ABM INDUSTRIES (ABM): Free Stock Analysis
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