ABM INDUSTRIES INC /DE/ acquired L&R Group of Companies parking assets (Five Star Parking, Network Parking Company Ltd. and System Parking, Inc.), structured as Asset purchase (substantially all assets of three parking companies).
L&R Group of Companies parking assets (Five Star Parking, Network Parking Company Ltd. and System Parking, Inc.) operates in Parking services, is based in United States. ABM's Ampco System Parking subsidiary acquired substantially all of the assets of three parking companies within the L&R Group of Companies — Five Star Parking, Network Parking Company Ltd. and System Parking, Inc. The acquisition expanded ABM's national parking operations.
Expand ABM's national parking operations by adding the assets and contracts of three L&R Group parking businesses.
Advisory firms were not disclosed for this transaction.