# ABM Industries acquires RavenVolt for up to $450 million

ABM Industries has acquired RavenVolt, a microgrid systems provider, for a maximum purchase price of $450 million including $170 million cash at closing and up to $280 million earn-out based on EBITDA targets.

- Type: Acquisition
- Announced: 2022-08-18
- Where: Alpharetta, Georgia, United States
- Value: $450.0M
- Status: completed
- Products: microgrid systems, generators, switchgears
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md), [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [ABM Industries](https://endata.com/companies/64820.md) (acquirer)
- [RavenVolt](https://endata.com/companies/64821.md) (target)

## Sources

- [finance.yahoo.com](https://finance.yahoo.com/news/abm-industries-abm-announces-acquisition-123312021.html), 2022-08-19: "Besides the clear synergies with our eMobility and Power businesses, RavenVolt also increases our opportunities in Manufacturing & Distribution, Education, and through our Bundled Energy Solutions offerings."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.