Food and facilities services group Compass has acquired KIMCO Corporation, a soft services provider operating across North America. Gary Green, Group Managing Director of Compass North America, commented: "We are excited to be gaining such capable and experienced management talent through the acquisition of KIMCO, which enables us to deliver services to additional segments of the market, and which positions Eurest Services for continued growth in North America."
M&A
EMCOR
FM Link
EMCOR acquires MOR PPM, Inc. boosting its industrial maintenance services
01/11/2008
PPM, with 2008 estimated revenues of approximately $80 million, is an industrial maintenance service company providing comprehensive in-plant operations and maintenance, scheduled outage repairs and turnkey plant improvement projects for the independent power, pulp and paper and general manufacturing industries. PPM's expertise in full service operations and maintenance services includes mechanical, electrical, civil and other project/equipment support services. This broad range of capabilities has allowed PPM to maintain long-term relationships with many of its customers.
M&A
JCI
FM Link
Johnson Controls acquires PWI Energy to expand global energy services
01/08/2008
Johnson Controls, global creator of smart and sustainable environments, has acquired PWI Energy, an independent global provider of energy and greenhouse gas management services, based in Philadelphia. Terms of the acquisition were not disclosed.The acquisition is part of Johnson Controls’ ongoing strategy to deepen and broaden the company's leadership in energy and greenhouse gas management solutions, providing global organizations access to a comprehensive suite of energy and sustainability-related offerings.PWI Energy will be folded into Johnson Controls' Global Workplace Solutions business
M&A
Jones Lang Lasalle Inc.
CPN Online
JLL Goes Green With ECD Energy Consultants
01/10/2008
Jones Lang LaSalle Inc. has acquired ECD Energy, a consultant focusing on the development of the Green Globes for The Green Building Initiative (GBI) and Go Green Interactive Software, for BOMA Canada. The staff at ECD Energy will join with the staff of Jones Lang LaSalle in their Toronto offices.Lauralee Martin, Chief Financial and Operating Officer at Jones Lang LaSalle told CPN, “Acquiring ECD has given us tools that simplify the task of establishing a sustainability baseline in existing buildings and portfolios, and allow us to suggest cost-effective ways to enhance energy and water efficiency and reduce the impact of real estate on the environment. The founder of ECD, Jiri Skopek, now works with our energy and sustainability services team to continue to develop and refine similar tools for additional property types and for tenants to use effectively in leased space.”
M&A
Jones Lang Lasalle Inc.
PropertyWeek.com
Takeover of ‘tenant rep’ specialist adds $400m of revenue
01/06/2008
Jones Lang LaSalle has completed the second-largest corporate acquisition in property services firm history. JLL announced to the New York Stock Exchange that it had bought the occupier advisory business, Staubach, which was founded by former Dallas Cowboys quarterback Roger Staubach, for $613m (£313m). However, there was share price indifference to the news.The transaction will create a corporate real estate giant to better take on CBRE, the largest corporate real estate provider. The merger however could be potentially difficult to reconcile as Staubach has most of its business on the tenant side, and JLL, while strong on the tenant side, has a lot of its business on the landlord side of the equation.
M&A
Sodexo
Energy Current
Delta Catering becomes Sodexo subsidiary
01/01/2009
Delta Catering Management has become a wholly-owned operating subsidiary of Sodexo Remote Sites. The company will continue to operate as Delta Catering from its headquarters in Harahan, La.Delta Catering provides catering labor, groceries and supplies for the oil and gas industry in the Gulf of Mexico. Sodexo is a hospitality and support services company serving offshore and onshore sites.
M&A
Sodexo
COMPANY WEBSITE
Sodexo announces the acquisition of Comfort Keepers, a leading provider of non-medical in-home services in North America.
01/08/2009
Founded in 1998 in Dayton, Ohio, Comfort Keepers provides a wide range of in-home companion and personal care services that enable seniors and people in need of support to maintain the highest possible level of independence. Services include companionship, meal preparation and providing assistance with administrative needs, hygiene and outdoor exercise.Comfort Keepers is a franchise business with a network of 550 agencies throughout the United StatesWith this acquisition, Sodexo reinforces its Quality of Life services offering to seniors as well as its global leadership in the Seniors segment, in which it generated global revenue of 800 million euro in Fiscal 2008.
M&A
Trane
IndustrialInfo.com
Ingersoll-Rand Sees Opportunities for Growth After Trane Acquisition
01/09/2008
After completing the acquisition of Trane Incorporated (Piscataway, New Jersey) in June 2008 for about $10 billion, Ingersoll-Rand Company Limited (NYSE:IR) (Hamilton, Bermuda) is evaluating Trane's integration into the company. Ingersoll-Rand is now focusing on achieving the results that it has committed to, Herbert L. Henkel, Chairman, President and CEO of Ingersoll-rand, said at the Global Industrials CEOs Unplugged Conference in Dana Point, California. "We believe that there are significant upside opportunities by adding Trane to Ingersoll-Rand," he said. "We believe that we as a company have strengthened our position as a diversified company.""The combination of Ingersoll-Rand and Trane creates a global, diversified industrial company with pro forma 2008 revenues of approximately $17 billion," Henkel stated.
