Home › magazine › latest news › ABM buys Momentum Support
ABM buys Momentum Support
28th of April 2022Multinational provider of facilities services ABM has completed the acquisition of Momentum Support, based in Dublin, Ireland. Momentum provides cleaning services across the Irish Republic and Northern Ireland. It employs 2,300 people and generated revenue of €65.25 million in 2021.
This acquisition is reflective of ABM's 'Elevate' strategy to grow via strategic acquisitions which expand the company's footprint in attractive geographies and end markets.
The addition of Momentum gives ABM access to Momentum's blue-chip customer base and provides the opportunity to cross-sell ABM services to existing ABM clients who also have a footprint in the Republic of Ireland and Northern Ireland.
And ABM also increases its ability to serve clients in faster growing markets like technology and life sciences, many of whom maintain a significant presence in Ireland.
Scott Salmirs, ABM's president and ceo said, "I am thrilled to welcome the Momentum team to the ABM family. Momentum is recognised as a customer-centric, award-winning provider of janitorial and associated services, as evidenced by its strong, long-standing client relationships.
"Many of our clients have substantial operations in the Republic of Ireland and Northern Ireland, making this transaction a great example of our ability and desire to grow with our core customers in attractive markets.
"I am also excited that the well-respected Momentum management team, along with their results driven culture, will be joining ABM to help us grow the business."
"ABM is such a strong fit for us because our companies share the same values," added said Ian Anderson, who served as Momentum's chief executive and will continue to lead the business within ABM as managing director for the region. "Like ABM, we are focused on complete client satisfaction, accountability, and providing a respectful and rewarding experience for our team members."