ABM Industries Incorporated recently acquired Quality Uptime Services, Inc., headquartered in Bethel, Conn. for an all-cash purchase price of $119 million. Quality Uptime is a leading independent uninterrupted power supply system (UPS) maintenance and UPS battery maintenance company that provides customized preventive and emergency service programs for mission-critical data centers and other facilities nationwide.
As a result of this acquisition, Quality Uptime and its more than 130 employees will become part of ABM’s Mission Critical Solutions group within its Technical Solutions segment. Quality Uptime will initially maintain its brand identity while leveraging ABM’s resources and expertise in electrification infrastructure and microgrids to enhance its services and reach new customers.
With the addition of Quality Uptime, ABM’s Mission Critical Solutions group will offer comprehensive and complementary critical infrastructure solutions for data centers and similar crucial facilities, including electrical testing (NETA), electrical switchgear maintenance, breaker testing, UPS service and maintenance, and battery and power distribution unit service and maintenance. These services complement ABM’s existing robust offerings in microgrid design and construction services, critical cooling, technical project management, facility engineering and cleaning services.
“The acquisition of Quality Uptime is expected to double ABM’s mission critical-related revenue in the first full year of ownership, driven by the surge in artificial intelligence and related investments in data center infrastructure,” said Scott Salmirs, president and chief executive officer of ABM. “Consistent with our ELEVATE strategy, we believe this investment positions ABM to further participate in the long-term proliferation of data centers, which already represents a multi-billion-dollar market. The addition of Quality Uptime aligns with our vision to drive innovation and deliver comprehensive solutions to our clients, and we are excited to welcome their CEO John Raio and this talented and experienced team to ABM.”
John Raio, chief executive officer of Quality Uptime, expressed excitement for this new chapter. "Our clients and team will benefit from ABM’s scale and expanded suite of services, as well as the combined expertise of both organizations,” he said. “We are excited about the opportunities this combination creates and are committed to continuing our tradition of excellence and innovation in the data center industry.”
