by Rebecca Walker — July 7, 2010—ABM Industries Inc. has announced that its subsidiary ABM Janitorial Services, Inc., a wholly owned subsidiary of ABM Industries, has acquired all of the outstanding shares of Diversco, Inc., from DHI HOLDINGS, Inc.
The cash transaction closed June 30, 2010.
Founded in 1968 as a janitorial services company, Diversco today employs 3,000 people and is a national provider of outsourced facility services, with a strong manufacturing and industrial client base in the Southeast, Midwest and Mid-Atlantic regions of the United States.
Diversco’s services include a range of commercial cleaning and facility services, as well as security services primarily for manufacturing clients. In the fiscal year that ended March 31, 2010, Diversco generated revenues of $79.3 million.
“The acquisition of Diversco strategically expands ABM’s janitorial and security businesses — within key regions across the country and among key client segments,” said Henrik Slipsager, president and chief executive officer, ABM Industries. “Diversco’s business also complements our operations infrastructure and national presence.”
At ABM, Diversco’s operations will be integrated under Jim McClure, executive vice president of ABM Industries and president, ABM Janitorial Services. ABM expects that Diversco will be integrated by the end of calendar year 2010.
