STOCK TITAN

Momentum Support Rebrands as ABM

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

ABM Acquires Momentum Support, rebranding it across Ireland following its acquisition in April 2022. This move enhances ABM's market entry in Ireland, allowing cross-selling opportunities to both Momentum's blue-chip clients and ABM's legacy customers. The rebranding aligns with ABM's commitment to excellence and customer service. It includes updates to uniforms, signage, and other branding materials across a workforce of over 2,300 employees. ABM, a leading facility services provider, boasts annual revenues nearing $8 billion and operates in various sectors including technology and life sciences.

Positive
  • Successful rebranding of Momentum to ABM, reinforcing market presence in Ireland.
  • Enhanced ability to cross-sell services to existing clients in a fast-growing market.
  • Maintaining high service standards expected by customers during the rebranding.
Negative
  • None.

The rebranding across Momentum’s operations in the Republic of Ireland and Northern Ireland builds upon its strong integration and growth trajectory after being acquired by ABM in 2022

DUBLIN, Ireland, April 03, 2023 (GLOBE NEWSWIRE) -- Momentum Support (“Momentum”) has officially rebranded as ABM, following the company’s acquisition in April 2022 by ABM (NYSE: ABM), a leading multinational provider of facility services, infrastructure solutions, and parking management.

ABM’s acquisition of Momentum represented ABM’s entry into the Irish market. Along with providing access to Momentum’s blue-chip customer base, the acquisition is providing the opportunity to cross sell to legacy ABM clients who have a footprint in Ireland. The acquisition is also enhancing ABM’s ability to serve clients in fast growing markets such as technology and life sciences, many of whom maintain a significant presence in Ireland.

“With Momentum, we long recognized a terrific business led by a strong leadership team and an experienced and dedicated workforce, with shared values and a culture that aligned with ABM. This belief has been proven by the seamless and collaborative integration over the past year that led us to this exciting moment,” said Rene Jacobsen, ABM’s Chief Operating Officer. “While the name of the business is changing, customers and team members can rest assured that the award-winning service and outstanding culture will remain the same. We look forward to continuing to work with our team in Ireland to expand the business and grow the solutions and services we can offer our clients.”

In addition to providing core custodial and facility engineering services to a wide range of clients in a diverse array of industries, ABM’s comprehensive range of services in the United States and United Kingdom include such offerings as electric vehicle charging design, installation and maintenance, energy and infrastructure solutions, and parking management.

“We are delighted to announce our rebrand to ABM, further aligning us within a company and brand that is well known for its commitment to excellence, innovation, and fantastic customer service,” said Ian Anderson, Managing Director, All Ireland, ABM. “We believe that our rebranding to the iconic ABM name will be of great benefit to our customers by providing us an even stronger foundation to grow our offerings, while maintaining the high standards our customers have come to expect from us.”

As part of this rebranding, all Momentum branded uniforms, signage, equipment, and liveried vehicles will be rebranded as ABM, and this will be reflected at customer sites where the Company currently operates across the Republic of Ireland and Northern Ireland, and across its team member base of over 2,300 across the region. The rebranding is also reflected on the Company’s website www.ABMIreland.com and social media.

ABOUT ABM

ABM (NYSE: ABM) is one of the world’s largest providers of facility services and solutions. A driving force for a cleaner, healthier, and more sustainable world, ABM provides essential services and forward-looking performance solutions that improve the spaces and places that matter most. From curbside to rooftop, ABM’s comprehensive services include janitorial, engineering, parking, electrical and lighting, energy and electric vehicle charging infrastructure, HVAC and mechanical, landscape and turf, and mission critical solutions. ABM serves a wide range of industries – from commercial office buildings to universities, airports, hospitals, data centers, manufacturing plants and distribution centers, entertainment venues and more. Founded in 1909, ABM serves over 20,000 clients, with annualized revenue approaching $8 billion and more than 100,000 team members in 350+ offices throughout the United States, United Kingdom, Republic of Ireland, and other international locations. For more information, visit www.abm.com.

CONTACT:
Republic of Ireland and Northern Ireland:
Colm Kearns
Heneghan Strategic Communications for ABM
+353 (0)1 660 7395
colm@heneghan.ie

ABM Corporate:
Michael Valentino
media@abm.com


FAQ

What is the significance of ABM's rebranding of Momentum Support?

The rebranding signifies ABM's integration of Momentum into its operations, enhancing its presence in the Irish market and allowing cross-selling to its client base.

When did ABM acquire Momentum Support?

ABM acquired Momentum Support in April 2022.

What is ABM's revenue?

ABM's annual revenue is approaching $8 billion.

How many employees does ABM have in Ireland?

ABM has over 2,300 employees in the Republic of Ireland and Northern Ireland.

What industry sectors does ABM serve?

ABM serves various sectors, including technology, life sciences, and facility services.

ABM Industries, Inc.

NYSE:ABM

ABM Rankings

ABM Latest News

ABM Stock Data

3.56B
61.88M
1.39%
94.03%
1.75%
Specialty Business Services
Services-to Dwellings & Other Buildings
Link
United States of America
NEW YORK