ABM INDUSTRIES INC /DE/ acquired Diversco, Inc. for $30.6 million, a transaction completed in June 2010, structured as Cash acquisition.
Diversco, Inc. operates in Janitorial and security services, is based in United States (Southeast, Midwest, Mid-Atlantic). ABM acquired Diversco, a national provider of outsourced facility services. The deal expanded the geographic reach of ABM's janitorial and security businesses, particularly across the Southeast, Midwest and Mid-Atlantic regions of the United States.
Broaden the geographic footprint of ABM's janitorial and security service lines in underpenetrated U.S. regions.
Advisory firms were not disclosed for this transaction.