ABM Industries has entered into a definitive agreement to acquire WGNSTAR for approximately $275 million, aiming to enhance its semiconductor solutions portfolio and position within the North American market.

Information on the Target

ABM Industries Inc. has announced its acquisition of WGNSTAR for approximately $275 million in cash. WGNSTAR is a leading provider of managed workforce solutions and equipment support services, specializing in the semiconductor sector. This acquisition is expected to enhance ABM's capabilities and expand its service offerings significantly.

Following the acquisition, ABM anticipates that its semiconductor solutions portfolio will generate around $325 million in annual revenue, positioning the company among the largest integrated service providers in North America. WGNSTAR is projected to contribute approximately $135 million in revenue during the calendar year 2025, with adjusted EBITDA margins expected to surpass those of ABM's Manufacturing & Distribution (M&D) segment.

Industry Overview in the Target's Specific Country

The North American semiconductor industry has shown robust growth driven by increasing demand for electronic devices and advanced technologies. In recent years, the sector has ben