ABM Acquires UPS Provider Quality Uptime Services for $119M

DateJun 24, 2024

ABM has announced the acquisition of Quality Uptime Services, provider in the critical power services industry, for an all-cash purchase price of $119 million. Headquartered in Bethel, Connecticut, Quality Uptime specializes in uninterrupted power supply (UPS) system maintenance and UPS battery maintenance, offering customized preventive and emergency service programs for data centers and other facilities across the United States.

The acquisition will see Quality Uptime and its 130 employees integrated into ABM’s Mission Critical Solutions group within its Technical Solutions segment, while initially retaining its brand identity.

This strategic acquisition is poised to enhance ABM’s capabilities in critical infrastructure solutions for data centers. Quality Uptime’s expertise in UPS service and maintenance, along with battery and power distribution unit service, would complement ABM’s existing offerings, which include electrical testing (NETA), electrical switchgear maintenance, breaker testing, microgrid design and construction services, critical cooling, technical project management, facility engineering, and cleaning services.

Scott Salmirs, President and Chief Executive Officer of ABM, emphasized the significance of the acquisition, stating, “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. 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.”

Data Center Innovation

John Raio, CEO of Quality Uptime, expressed enthusiasm for the merger, saying, “Joining ABM represents an exciting new chapter for us. Our clients and team will benefit from ABM’s scale and expanded suite of services, as well as the combined expertise of both organizations. 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.”

This acquisition highlights ABM’s strategic focus on expanding its capabilities and market reach in the mission-critical solutions sector, especially in light of growing demands in data center infrastructure fueled by advancements in artificial intelligence and other technologies. The collaboration between ABM and Quality Uptime is set to deliver enhanced services and innovation to their clients, solidifying ABM’s position as a comprehensive provider in the critical power and infrastructure services market.

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