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About ABM Janitorial Services

[2009] On January 5, 2009, ABM turns 100 years old, also celebrating Ted Rosenberg's 100th birthday. ABM's FY2008 revenues exceed $3.6 billion. [2008] With a current workforce of more than 105,000 and gross yearly earnings of $2.8 billion by the end of fiscal 2007, ABM finds itself poised to reach its goal of $5 billion in annual revenues by 2010. Ampco System Parking integrates real-time reporting technology for customers through the development and implementation of Business Intelligence Reporting and Web Portals. [2007] Making Ampco System Parking the third-largest parking company in North America, the ABM subsidiary acquires Healthcare Parking Services of America. More than 150 hospital locations join the parking portfolio, and subsidiary revenues approach $480 million in 2008. Acquisition: An important part of ABM’s expansion was the purchase of OneSource Services, a competitor with more than $850 million in annual revenues and 31,000 employees across the U.S. and Puerto Rico. [2006] ABM and all of its operating subsidiaries become Sarbanes-Oxley compliant, ensuring all accounting and reporting systems meet the stringent guidelines adopted by Congress and the SEC in the wake of corrupt fiscal business maneuverings by several major public corporations in this decade. ABM Industries Inc. ranked among top 25 California companies with a large percentage of women executives. Now formally designated as ABM Security Services, the subsidiary reaches $300 million in revenue. [2003] Ampco System Parking acquires Valet Parking Services, adding more than 110 locations in California and Nevada. [2002] Acquisition: ABM made what was then its largest and one of the most important acquisitions in its history with the purchase of Chicago-based Lakeside Building Maintenance Inc., the largest privately owned janitorial contractor in the Midwest. ACSS acquires Triumph Security and Foulke Associates and expands service into the northeast and east coast. [2001] On the morning of September 11th, 2001, some 3,000 people die and in the terrorist attack on New York’s World Trade Center. The WTC was ABM’s single largest customer, and approximately 800 janitorial, engineering and lighting employees cared for the site. On 9/11, 17 employees lost their lives. ABM window washer and 9/11 survivor Jan Demczur describes how he escaped from within a trapped elevator by using his window squeegee. Demczur’s bravery helped save not only his own life but the lives of everyone in the elevator. Once freed, Demczur helped lead those trapped with him out of the building and to safety. Demczur’s squeegee and battered ABM uniform were inducted into the Smithsonian Institution in Washington, D.C. ABM dedicates a special edition of Alliance Magazine honoring the survivors and those who lost their lives in the September 11th terrorist attack on the World Trade Center. [2000] Henrik Slipsager succeeds Bill Steele as ABM’s President & CEO. Productivity Boom [1999] ABM Janitorial Services is awarded a multi-year contract to service the Staples Center in Los Angeles, an area that houses both Los Angeles NBA teams and the Los Angeles Kings of the National Hockey League. ABM Engineering Services is operating in 34 states with a nationwide branch network. The highly regarded ISO quality control certification is also attained subsidiary wide. ABM’s security subsidiary, American Commercial Security Services (ACSS), reaches $100 million in revenue. [1998] Facility Services Subsidiary ABM Facility Services becomes the ninth subsidiary of ABM Industries. This new subsidiary provided national accounts with a “one-stop shopping center” for ABM’s elevator, engineering, janitorial, lighting, mechanical, parking and security services. [1996] ABM launches its first company website: www.abm.com. [1994] To reflect the diversification of American Building Maintenance Industries into complete facility services, the company’s name is changed to ABM Industries Incorporated. ABM Engineering Services exceeds $80 million in annual revenue with the acquisition of Ogden Services in New York. [1993] ABM’s parking subsidiary acquires System Parking, which is then merged with Ampco Auto Parks to form Ampco System Parking. Ampco System Parking forms an airport unit. President Tom Barnett and Executive Vice President Dennis Nasabal dedicate significant resources to growing this line of business, and today, ABM’s parking subsidiary operates 28 airport-based parking and shuttle operations, and provide services at three of the Top 10 airports nationally. [1992] ABM subsidiaries serve customers in 35 of the 40 largest metropolitan areas in the United States. Annual revenues increased for the 82nd consecutive year. Every ABM subsidiary was profitable. [1991] Engineering Subsidiary In the facility services arena, ABM Engineering Services becomes a separate subsidiary. Defying Trends [1983] Sydney Rosenberg and ABM were often the focus of newspaper and magazine business articles nationwide during the 1980s. The growing company was frequently featured in publications such as Forbes Magazine. [1982] The company moves into several more cities, marked by ABM’s parking services assuming management of its first parking garage in New York City, and the lighting subsidiary opening branches in Dallas and Denver. The security subsidiary entered the Dallas and Oklahoma markets while ABM’s janitorial subsidiary also opens an office in downtown Boston, a key to its eventual expansion plans for New England. The NYSE [1979] As reported in Dun’s Review … "Among the 4,000 corporations listed over-thecounter and on the major stock exchanges, only 234 had increased annual dividends in the last 10 years. ABM was one of the 234, ranking 65th. [1975] By the mid-1970s, profits increased by a greater percentage than revenues. Shareholders’ equity rose 5 percent over the previous year, to $27.3 million. [1972] The stock of the company is listed on the New York Stock Exchange. “We decided to sell,” Ted noted. “A momentous decision. I looked at the portrait of my father that hung in my office, and I said to Sydney, ‘I don’t know whether Dad would pat us on the back or kick us in the behind.’” “He’d pat us on the back,” Sydney replied, and the paperwork was signed. “On our first day on the New York Stock Exchange I bought the very first share of stock,” Ted recalled. “I still have it.” Lighting Subsidiary -- With the acquisition of Sign Maintenance Incorporated in 1972 (which would become Amtech Lighting Services in 1993), the company adds a lighting subsidiary to its growing Family of Services [1971] Security Subsidiary -- By consolidating its various security units and appointing a general manager to oversee the entire operation, the company adds a formal security services subsidiary, ABMI Security Services. The security subsidiary acquires A-1 Guard Service. [1970] In a single month, $1 million in annual new service contracts are secured. Era of Change [1968] Elevator Subsidiary -- The acquisition of General Elevator Corporation of California (which will become Amtech Elevator Services in 1995) establishes the elevator services subsidiary of the company. [1967] Parking Subsidiary -- Ampco Auto Parks, which will be renamed Ampco System Parking in 1993, becomes the newest subsidiary of the company. Mechanical Subsidiary -- The company adds a mechanical services subsidiary by acquiring Commercial Air Conditioning of Northern California and American Air Conditioning of Los Angeles. The combination of these two organizations was at first called Commercial American Air Conditioning, but was soon shortened to CommAir Mechanical Services. [1965] The stock of the company is listed on the American Stock Exchange. [1963] The company launches an aggressive and innovative advertising program, centered on “The Giant Janitor.” A separate ad campaign titled “Maintenance Value Analysis” was launched in publications such as Business Week and The Wall Street Journal. [1962] ABM and Easterday Janitorial Supply Company become subsidiaries of American Building Maintenance Industries, the parent corporation formed to become a publicly held company. Ted and Sydney Rosenberg sell about 70 percent of their stock in the company to the general public at a then current price of $16 per share (or 59 cents per share when retroactively adjusted for all six stock splits thereafter). The stock is traded over-the-counter. The Information Age [1959] By the end of the ‘50s, ABM had offices in 45 cities across North America and employed more than 6,000 people. [1957] ABM’s “The Maintainer” is the first newsletter of its kind for the company. It covered a range of information from recaps of stories in Business Week Magazine to employee anniversaries and new account recognition. [1955] ABM was on the job when Disneyland opened its gates to the Magic Kingdom. The company accelerates both geographically and in terms of the services that it provides to customers. By the end of this decade, ABM’s versatility seemed endless, with cleaning tasks spanning floor waxing, wall washing, fluorescent light cleaning, disinfecting and more. ABM also sent out elevator operators and security people, and was a vital presence in every kind of building imaginable. Calm And War [1945] By the end of World War II, the company had opened 17 new offices in the United States and Canada. New branches include: Dallas, Detroit, New York, Miami, Houston, Minneapolis and Toronto. [1940] The World’s Fair on Treasure Island ABM is responsible for 500,000 square feet of space, including aisles, entrance halls, detached pavilions and exhibit palaces, 400 restrooms, a theater and more. Company executives requested the union send 400 workers within 24 hours. Trucks hauled off 280 tons of debris. When the gates were drawn on opening morning, the site was ready. The Depression [1936] The Apex Electrical and Mechanical Company, established by Morris in 1932 in Los Angeles, was later renamed Pacific Electrical & Mechanical Company (PEMCO) in order to avoid confusion with its San Francisco contemporary, Alta Electric Company. [1933] ABM Goes East -- ABM opens its first New York branch office. [1932] ABM now has roughly 1,500 employees, and clients that include banks, theaters, office buildings, department stores and one university — Stanford University. The Roaring '20s [1921] By winning the contract to clean Stanford University, the company becomes the first janitorial contractor in America to clean a major college campus. Eventually, Morris dispatches his eldest son, Ted, on his first official professional assignment: two weeks as a janitor at the esteemed university. [1920] On the strength of Morris Rosenberg’s strong customer relationships with several prominent owners of office buildings and movie theaters on the Pacific Coast, the company opens offices in Los Angeles, Portland and Seattle. ABM's Beginning [1915] Over the next several years, American Building Maintenance Company services 15 heaters operated by Irving Ackerman and Sam Harris, all in San Francisco. Morris rented additional space at the Phelan Building and leased a second office on Stevenson Street to accommodate the needs of his thriving business. [1913] To mark its expansion from window washing into complete janitorial services, Morris changes the name of his business to American Building Maintenance Company. [1909] The company that was destined to become ABM Industries Incorporated in 1994 is founded by 31-year-old Morris Rosenberg. By merchants on San Francisco’s Fillmore Street, and with an initial investment of just $4.50 to purchase a water bucket, a sponge, a mop and a broom, Morris turned a profit of $3.50 that first day. [1907] Along with two partners, Abraham and Julia Seidkin, Morris invests all of his savings ($10,000 or so) and opens the Pall Mall, a hotel, bar and grill on Fillmore Street in San Francisco. The Pall Mall does well until 1909, when it is forced to close its doors due to the financial depression that is sweeping the country. [1904] Due to Gussie’s failing health, the couple return to San Francisco upon doctor’s orders. Gussie recovers, but Morris must find a new business venture after selling The Red Front. [1902] Morris opens one of his earliest business ventures, The Red Front, in Honolulu. The all-purpose store sells retail and wholesale goods, and is successful in its first year. Morris travels to San Francisco to marry Gussie Kaufman. The couple then call Honolulu their home.