ABM INDUSTRIES INC /DE/ acquired Quality Uptime Services, Inc. for $116.3 million net cash purchase price, a transaction completed in June 2024, structured as cash.
Quality Uptime Services, Inc. operates in Technical Solutions. UPS installation and maintenance company providing customized preventive and emergency service programs for mission-critical data centers and other facilities.
Expanded ABM's mission-critical power resiliency and data center service offerings within its Technical Solutions segment.
Advisory firms were not disclosed for this transaction.