GBM Support Services Group, a provider of facilities management services for various retail, leisure, public sector, and commercial clients has been acquired by US based ABM, a provider of facility solutions.
The transaction closed October 1. The terms of the transaction were not disclosed.
With headquarters in London and a regional HQ office in Glasgow, GBM generates annual revenues of approximately £40m and employs approximately 2,000 service professionals across the U.K.
GBM’s management team, led by CEO David Ford, will remain intact as the company extends ABM’s capabilities in the U.K. for facility management.
“I’m delighted that ABM has acquired our company and believe this is a wonderful outcome for both our clients and employees,” said Mr Ford. “Having the support of a proven and respected global facilities player is a win-win situation because our clients will maintain the same relationships with the GBM team, while gaining access to the suite of capabilities ABM can deliver.”
Jones Day acted as legal advisor to ABM in this transaction.