ABM Industries (ABM) agrees to buy Air Serv Corp. for ~$158M in cash, as it looks to expand its...

|About: ABM Industries Incorporated (ABM)|By:, SA News Editor

ABM Industries (ABM) agrees to buy Air Serv Corp. for ~$158M in cash, as it looks to expand its service offerings to airlines and airport authorities. ABM says Air Serv, when combined with ABM's janitorial, facility solutions, security and parking airport businesses, will create an integrated aviation vertical with ~$650M in annual revenues.