ABM Grows Data Center Service via Acquisition

NEW YORK -- ABM Industries Inc., a provider of facility solutions, has acquired Quality Uptime Services, Inc., a prominent player in the critical power services industry for data centers for an all-cash purchase price of $119 million.

Quality Uptime, headquartered in Bethel, CT, is an independent, uninterrupted power supply system and battery maintenance company, providing customized service programs for mission-critical data centers and other facilities nationwide.

Quality Uptime and its more than 130 employees will become part of ABM’s Mission Critical Solutions group within its Technical Solutions segment. It will initially maintain its brand identity while leveraging ABM’s resources and expertise in electrification infrastructure and microgrids.

With the addition of Quality Uptime, ABM’s Mission Critical Solutions group will offer comprehensive and complementary critical infrastructure solutions for data centers and similar crucial facilities, including electrical testing (NETA), electrical switchgear maintenance, breaker testing, UPS service and maintenance, and battery and power distribution unit service and maintenance.

These services complement ABM’s existing offerings in microgrid design and construction services, critical cooling, technical project management, facility engineering and cleaning services, resulting in a self-performance model that is an industry leader.

"The acquisition of Quality Uptime is expected to double ABM’s mission critical-related revenue in the first full year of ownership, driven by the surge in artificial intelligence and related investments in data center infrastructure,” said Scott Salmirs, president CEO of ABM.

“Consistent with our ELEVATE strategy, we believe this investment positions ABM to further participate in the long-term proliferation of data centers, which already represents a multi-billion-dollar market. The addition of Quality Uptime aligns with our vision to drive innovation and deliver comprehensive solutions to our clients, and we are excited to welcome their CEO John Raio and this talented and experienced team to ABM.”

Quality Uptime CEO John Raio said, joining ABM “represents an exciting new chapter for us. Our clients and team will benefit from ABM’s scale and expanded suite of services, as well as the combined expertise of both organizations. We are excited about the opportunities this combination creates and are committed to continuing our tradition of excellence and innovation in the data center industry."

ABM (NYSE: ABM) is one of the world’s largest providers of integrated facility solutions. Founded in 1909, ABM serves over 20,000 clients, with annualized revenue of over $8 billion and more than 100,000 team members in 350+ offices throughout the United States, United Kingdom and other international locations.

For more information, visit www.abm.com or www.qualityuptime.com.