ABM – ABM – Acquires Calvert-Jones
NYSE:ABM), a leading provider of integrated facility solutions, announced today that ABM Building Services, a business unit of ABM Building & Energy Solutions, has acquired the operations of Calvert-Jones, a leading provider of mechanical and energy efficient products and solutions in the Washington, D.C. area.
Calvert-Jones specializes in HVAC, electrical and plumbing, automated controls and energy efficiency services to the greater Washington, D.C, Virginia and Maryland commercial markets. Calvert-Jones was founded in 1947 and has grown to provide its full line of specialty mechanical services to a number of top regional companies and government agencies. Through a focus on health care, government security, and LEED certified energy and environmental services, Calvert-Jones has positioned itself as a solution-driven organization that improves facility operating efficiency.
“Calvert-Jones’ mission is to consistently exceed client expectations by being the most efficient, reliable, and professional mechanical contractor in the industry,” said Jeffrey Buennemeyer, Vice President of ABM Building Services, Mid-Atlantic. “Over the last 65 years, Calvert-Jones has earned an impeccable reputation for delivering innovative building management and performance-enhancing energy solutions.”
ABM and Calvert-Jones have for years shared the common goal of being world-class single source facility solutions providers. Combined the two organizations provide a platform for sustainable building services. By integrating the existing operations of Calvert-Jones and ABM in the Washington, D.C. area, ABM is strategically positioned to broaden existing vertical and geographic market offerings in support of the company’s vision of becoming the global leader in integrated facility solutions.
“Washington, D.C. is a region with a high concentration of government, technology, biotech, educational, and healthcare clients,” said Scott Giacobbe, President of ABM Building & Energy Solutions. “By strengthening our operations in the Washington, D.C. area through the acquisition of Calvert-Jones, we will continue to enhance ABM’s goal of ‘Building Value’ by providing more comprehensive facility solutions to our clients.”
ABOUT ABM – ABM
ABM (ABM) is a leading provider of integrated facility solutions. Thousands of commercial, industrial, government and retail clients outsource their non-core functions to ABM for consistent quality service that meets their specialized facility needs. ABM’s comprehensive capabilities include expansive facility services, energy solutions, commercial cleaning, maintenance and repair, HVAC, electrical, landscaping, parking and security, provided through stand-alone or integrated solutions. With more than $4 billion in revenues and 100,000 employees deployed throughout the United States and various international locations, ABM delivers custom facility solutions to meet the unique client requirements of multiple industries —- ranging from healthcare, government and education to high-tech, aviation and manufacturing. ABM leverages its breadth of services, deep industry expertise and technology-enabled workforce to preserve and build value for clients’ physical assets. ABM Industries Incorporated, which operates through its subsidiaries, was founded in 1909.
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Post Written By: Ed Liston
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.
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