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ABM Acquires TEGG Franchise Operations

Stocks in this article: ABM

ABM (NYSE:ABM), a leading provider of integrated facility solutions, today announced that Linc Network, LLC, a subsidiary of ABM Facility Solutions, has acquired the franchise operations of TEGG Corporation, an expansive network delivering comprehensive electrical service and preventive and predictive maintenance solutions to commercial and industrial facilities. TEGG’s franchise network, concentrated mainly in North America, spans 19 countries – expanding ABM’s international reach, increasing its service network and supporting the Company’s vision of becoming the global leader in integrated facility solutions.

“TEGG is a perfect fit for ABM," said Scott Giacobbe, President of ABM Building and Energy Solutions. "Our business philosophies, strategies, processes and commitment to clients are very similar. This allows us to quickly leverage TEGG’s proven service product and delivery method to broaden ABM’s existing vertical and geographic market offerings by increasing the services, geographic presence and added value we bring to our clients. The acquisition strategically positions us to expand our capabilities in electrical services and complements our existing mechanical footprint, helping us to provide our clients with more comprehensive solutions to meet and exceed their facility needs.”

Over the last twenty years, TEGG’s franchisees have protected commercial and industrial facilities from electrical system failures, electrical fires and resultant business interruptions and property damage. TEGG’s franchisees offer guaranteed services with an extensive list of features including infrared thermograpy and ultrasonic inspections, de-energized services and electrical systems analysis and reporting. Through the acquisition of the TEGG franchise network, ABM will expand its electrical services to include electrical preventive and predictive maintenance solutions.

The acquisition of TEGG’s franchise network also strengthens ABM’s new division, ABM Franchising Group, which includes Linc Network, one of the world’s largest, leading commercial HVAC contractor networks, and GreenHomes America (GHA), a national provider of home performance contracting. The acquisition also includes the franchise operations of CurrentSAFE, a TEGG subsidiary. CurrentSAFE is a national residential electrical safety franchisor that will be highly complementary to GHA. The Chief Operating Officer of Linc Network and GreenHomes America, Bert Kendall, will oversee the ABM Franchising Group, which will now add TEGG and CurrentSAFE franchise operations to its expanding portfolio of businesses.

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