{"id":26225,"date":"2012-05-02T12:54:00","date_gmt":"2012-05-02T12:54:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/abm-abm-linc-network-has-acquired-the-franchise-operations-of-tegg-corporation\/26204\/"},"modified":"2012-05-02T12:54:00","modified_gmt":"2012-05-02T12:54:00","slug":"abm-abm-linc-network-has-acquired-the-franchise-operations-of-tegg-corporation","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/abm-abm-linc-network-has-acquired-the-franchise-operations-of-tegg-corporation\/26225\/","title":{"rendered":"ABM &#8211; ABM &#8211; Linc Network has acquired the franchise operations of TEGG Corporation"},"content":{"rendered":"<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - News Links *\/\ngoogle_ad_slot = \"3490797620\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 15;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<p><!--Ad Injection mfunc mode ad include code--><!--mfunc include_once('\/mnt\/Target01\/327806\/www.thestockmarketwatch.com\/web\/content\/stock-market-news\/wp-content\/plugins\/ad-injection\/adshow.php') --><!--\/mfunc--><\/p>\n<p><strong><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/wp-content\/uploads\/2012\/05\/ABM.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-26238\" title=\"ABM\" src=\"https:\/\/storage.googleapis.com\/smw-news-wp\/2012\/05\/ABM.png\" alt=\"\" width=\"170\" height=\"95\"><\/a>ABM (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=ABM\">NYSE:ABM<\/a>)<\/strong>, a leading provider of integrated facility solutions, announced that Linc Network, LLC, a subsidiary of ABM Facility Solutions, has acquired the franchise operations of TEGG Corporation, an expansive network delivering comprehensive electrical service and preventive and predictive maintenance solutions to commercial and industrial facilities. TEGG&#8217;s franchise network, concentrated mainly in North America, spans 19 countries \u2014 expanding ABM&#8217;s international reach, increasing its service network and supporting the Company&#8217;s vision of becoming the global leader in integrated facility solutions.<\/p>\n<p>&#8220;TEGG is a perfect fit for ABM,&#8221; said Scott Giacobbe, President of ABM Building and Energy Solutions. &#8220;Our business philosophies, strategies, processes and commitment to clients are very similar. This allows us to quickly leverage TEGG&#8217;s proven service product and delivery method to broaden ABM&#8217;s existing vertical and geographic market offerings by increasing the services, geographic presence and added value we bring to our clients. The acquisition strategically positions us to expand our capabilities in electrical services and complements our existing mechanical footprint, helping us to provide our clients with more comprehensive solutions to meet and exceed their facility needs.&#8221;<\/p>\n<p>Over the last twenty years, TEGG&#8217;s franchisees have protected commercial and industrial facilities from electrical system failures, electrical fires and resultant business interruptions and property damage. TEGG&#8217;s franchisees offer guaranteed services with an extensive list of features including infrared thermograpy and ultrasonic inspections, de-energized services and electrical systems analysis and reporting. Through the acquisition of the TEGG franchise network, ABM will expand its electrical services to include electrical preventive and predictive maintenance solutions.<\/p>\n<p><!--Ad Injection mfunc mode ad code--><!--mfunc adshow_display_ad_file_v2(array('ad_random_1.txt'), array(100), array('align' => 'float right', 'clear' => '', 'margin_top' => '', 'margin_bottom' => '', 'padding_top' => '', 'padding_bottom' => ''), array(), array()) --><\/p>\n<div style=\"float:right;margin-left:5px;\"><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - in News 300 *\/\ngoogle_ad_slot = \"5684630733\";\ngoogle_ad_width = 300;\ngoogle_ad_height = 250;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/div>\n<p><!--\/mfunc--><\/p>\n<p>The acquisition of TEGG&#8217;s franchise network also strengthens ABM&#8217;s new division, ABM Franchising Group, which includes Linc Network, one of the world&#8217;s largest, leading commercial HVAC contractor networks, and GreenHomes America (GHA), a national provider of home performance contracting. The acquisition also includes the franchise operations of CurrentSAFE, a TEGG subsidiary. CurrentSAFE is a national residential electrical safety franchisor that will be highly complementary to GHA. The Chief Operating Officer of Linc Network and GreenHomes America, Bert Kendall, will oversee the ABM Franchising Group, which will now add TEGG and CurrentSAFE franchise operations to its expanding portfolio of businesses.<\/p>\n<p><strong>About ABM<\/strong><\/p>\n<p>ABM (ABM) is a leading provider of integrated facility solutions. Thousands of commercial, industrial, government and retail clients outsource their non-core functions to ABM for consistent quality service that meets their specialized facility needs. ABM&#8217;s comprehensive capabilities include expansive facility services, energy solutions, commercial cleaning, maintenance and repair, HVAC, electrical, landscaping, parking and security, provided through stand-alone or integrated solutions.<\/p>\n<p>More Posts by this author<\/p>\n<ul>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/recent-events\/business-news\/gildan-activewear-gil-to-acquire-100-of-the-common-shares-of-anvil-holdings\/26338\"><br \/>\nGildan Activewear &#8211; GIL &#8211; To acquire 100% of the common shares of Anvil Holdings<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/recent-events\/business-news\/kensey-nash-corporation-knsy-dsm-has-agreed-to-acquire-all-of-the-common-stock-of-kensey-nash\/26337\"><br \/>\nKensey Nash Corporation &#8211; KNSY &#8211; DSM has agreed to acquire all of the common stock of Kensey Nash<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/recent-events\/business-news\/johnson-johnson-china-investment-ltd-jnj-acquired-guangzhou-bioseal-biotech\/26336\"><br \/>\nJohnson &amp; Johnson (China) Investment Ltd. &#8211; JNJ &#8211; Acquired Guangzhou Bioseal Biotech<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/cimarex-energy-xec-reports-first-quarter-2012-results\/26335\"><br \/>\nCimarex Energy &#8211; XEC &#8211; Reports First-Quarter 2012 Results<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/western-refining-wnr-pleased-with-first-quarter-results-and-the-positive-momentum\/26334\"><br \/>\nWestern Refining &#8211; WNR &#8211; Pleased with first quarter results and the positive momentum<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/swift-energy-company-sfy-focused-on-improving-operational-efficiencies-and-reducing-costs\/26333\"><br \/>\nSwift Energy Company &#8211; SFY &#8211; Focused on improving operational efficiencies and reducing costs<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/equity-one-eqy-pleased-with-the-operating-performance-of-core-business\/26332\"><br \/>\nEquity One &#8211; EQY &#8211; Pleased with the operating performance of core business<\/a><\/li>\n<\/ul>\n<hr>\n<table style=\"border:none;margin:0;\">\n<tr>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/wp-content\/uploads\/2024\/08\/5.jpg\" alt=\"edliston\" width=\"125\" height=\"125\" class=\"photo\"><\/td>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<div style=\"font-size:11pt;\"><b>Post Written By: Ed Liston <\/b><\/div>\n<div style=\"font-size:10pt;\">\n<p>Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.\n<\/p><\/div>\n<\/td>\n<\/tr>\n<\/table>\n<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"pub-1408583772585547\";\n\/* 336x280, created 7\/9\/11 *\/\ngoogle_ad_slot = \"3552319058\";\ngoogle_ad_width = 336;\ngoogle_ad_height = 280;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<div style=\"margin:5px;margin-bottom:20px;font-size:11pt;\">&laquo; <a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/\">Return to Stock Market News<\/a> &laquo; <\/div>\n","protected":false},"excerpt":{"rendered":"<p>ABM (NYSE:ABM), a leading provider of integrated facility solutions, announced that Linc Network, LLC, a subsidiary of ABM Facility Solutions, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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