ABM, the US facility solutions provider, has acquired Westway Services, a leading provider of technical facility and engineering services to customers across the UK.
The acquisition adds to ABM’s existing strength in the UK (following the group’s October 2014 purchase of GBM Support Services) and supports its transformation into a solutions-driven business. The terms of the transaction were not disclosed.
President and chief executive officer of ABM, Scott Salmirs, said: “We continue to see an increased demand for technical engineering services such as heating, ventilation, air conditioning, refrigeration, and electrical installations. Westway is a strong fit and will allow ABM to deliver complete solutions, including deep technical services, to our clients in the UK.”
Founded in 2000, Westway is a facility services provider offering technical engineering services such as heating, ventilation, air conditioning, refrigeration, electrical installations, building management systems, planned preventative maintenance and reactive maintenance services. The company is based in South Ruislip, West London and has around 530 employees.
Managing director of Westway, Andy Donnell, said: “ABM is an excellent strategic fit for our combined service capabilities and the partnership further enhances our growth opportunities and the ability to provide our clients with enhanced services and resources. We believe there are strong synergies we can leverage as a combined entity and we are confident that our clients and employees will benefit greatly from this business combination.”
The sale provides private equity investors Maven and Mobeus with an exit from Westway, having backed the management team in a buy-out in June 2009.