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The rapidly growing company provides a range of
janitorial, passenger, security services,
baggage handling, wheelchair service, electric
cart drivers, skycap, and ground transportation
services to over 50 airports, including 27 of
the top 40 markets in the U.S. and 12 of the top
30 airports worldwide, and is the global leader
in wheelchair, baggage handling and skycap
services. Air Serv generates annual revenues of
approximately $300 million.
"We are excited by the potential Air Serv brings
both ABM and its clients,” said Henrik Slipsager,
President and Chief Executive Officer of ABM.
“We have high expectations for the business and
our strategic move toward industry verticals.
This acquisition provides a unique opportunity
to greatly enhance our aviation capabilities and
establish ABM as the industry leader in this
vertical, as well as provide solid long term
growth opportunities.
“By combining ABM and Air Serv, we will create
an aviation vertical with over $650 million in
annual revenue and will be in an outstanding
position to meet the end-to-end needs of the
airlines and airport authorities. In addition,
the U.K. operations will enable us to further
grow the aviation vertical internationally and
will serve as a strategic base as we seek to
expand our global presence in other verticals.
Upon closing, the current leadership team at Air
Serv will serve as the foundational framework
for the aviation vertical. We are very pleased
to have Air Serv join ABM and take the lead in
providing integrated facility solutions for our
aviation clients.”
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