ABM Industries is set to acquire WGNSTAR for approximately $275 million in cash to enhance its capabilities in semiconductor operations and equipment services.

Target Overview

ABM Industries Inc. has announced its intention to acquire WGNSTAR, a firm specializing in managed workforce solutions and equipment support services. This acquisition, valued at approximately $275 million in cash, is set to be finalized during ABM's second quarter of 2026. The funding for this transaction will be sourced from a combination of available cash and debt options.

WGNSTAR is recognized for its expertise in supporting semiconductor operations, a sector that is currently experiencing heightened demand due to the growth of domestic semiconductor production. Its projected annual revenue for the calendar year 2025 is expected to be around $135 million, which illustrates its significant presence in the industry.

Industry Overview

The semiconductor industry is crucial to modern technology, providing the foundational components for a wide array of electronic devices. In recent years, the U.S. has placed a strong emphasis on bolstering its domestic semiconductor