ABM INDUSTRIES INC /DE/ acquires The Linc Group, LLC

ABM INDUSTRIES INC /DE/ acquired The Linc Group, LLC for $300 million in cash, a transaction completed in December 2010, structured as all cash.

The Linc Group, LLC operates in Engineering & energy / facility services, is based in Irvine, California (government, commercial, residential markets), had revenue of about $579.2 million (2009 revenues). The Linc Group, LLC (TLG), based in Irvine, California, was a premier provider of end-to-end integrated facilities services that improve operating efficiencies, reduce energy consumption and lower operational costs of critical facilities, installations and buildings in the government, commercial and residential markets. TLG's 2009 revenues totaled $579.2 million. ABM acquired TLG for $300 million in cash; the transaction closed December 1, 2010.

This is a game changer for ABM's business. Acquiring a firm of TLG's quality transforms our engineering and energy business overnight and completely differentiates us from our competitors. This strengthens ABM's position in a higher growth segment and cements our leadership role in the facilities services industry.

Transforms ABM's engineering and energy business, brings combined engineering operations close to $1 billion in revenue, and opens the $70 billion government facility-services marketplace. ABM engineering group (TLG CEO Tracy Price became president of the combined engineering group)