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Add-on acquisition Jun 2012 Verified

ABM Acquires TEGG to Expand Franchising Group

ABM Industries announced the acquisition of TEGG, a provider of electrical and HVAC maintenance services, to broaden its existing vertical and geographic presence and strengthen its Franchising Group.

“Acquisition of TEGG: Broadens existing vertical and geographic presence Provides clients with more comprehensive solutions Strengthens ABM's Franchising Group”

Entities

ABM · Acquirer TEGG · Target
ElectricalHVAC Sentiment: Positive

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.