Universal Protection Service Acquires ABM Security Business for $131M
Universal Services of America CEO Steve Jones said he’s ‘admired’ ABM since entering the industry.
ABM CEO Scott Salmirs: Clients will experience "significant benefits" as a result of the move.
SANTA ANA, Calif. — Universal Protection Service, a division of Universal Services of America and a portfolio company of Warburg Pincus and Partners Group, announced on Monday that it acquired the ABM Security Business, a division of ABM (NYSE: ABM).
The transaction was valued at a pre-tax level of $131 million.
“I have admired ABM since I entered this industry almost 18 years ago,” said Steve Jones, CEO of Universal Services of America. “[ABM CEO] Scott Salmirs and the ABM team have built an excellent business, and I am excited that we will be partnering together.
“This acquisition is part of our long-term strategic plan to continue to add great people and an unmatched depth of resources into local markets around the country so that we can deliver an even higher level of services to our clients. Together, we will bring great opportunities to ABM Security Business employees, and we will deliver new service offerings to their clients.”
Salmirs said, “The combination of AMB Security Business and Universal Protection Service will provide significant benefits for our clients, including access to Universal’s unique technology and high density of dedicated field resources.”
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