M&A TRANSACTION · 2021
Able Services acquired by ABM Industries
$830.0M· 12.8x EBITDA· 0.75x revenue
Target
Able Services
San Francisco, CA
Largest family-owned provider of building maintenance, engineering and facility operations in the US. Founded 1926 in San Francisco.
Acquirer
ABM Industries
Strategic buyer
Disclosed financials at time of acquisition
Revenue
$1100.0M
EBITDA
$65.0M
Deal Value
$830.0M
EV/EBITDA
12.8x
Context
This $830.0M acquisition of Able Services by ABM Industries sits in the cleaning commercial sub-vertical. The 12.8x EBITDA multiple paid in 2021 can be compared against the population median for cleaning commercial transactions of similar size on our Cleaning Commercial valuation hub. ABM Industries is acquiring as a strategic buyer; see how strategic acquirers typically price cleaning commercial businesses on our Cleaning Commercial strategic buyer-pool page.
Source
Data sourced from ABM Industries press release; Jones Day — primary source. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology
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