July 16, 2007—UNICCO Service Company, one of the nation’s largest integrated facilities management companies, has agreed to be acquired by United Group Limited (UGL) for $408 million, payable in cash and United Group shares.
Headquartered in Sydney, Australia, United Group Limited is a diversified services and infrastructure company partnering with blue chip and government customers in six core sectors: property, rail, water, power, transport, and resources. United Group has operations throughout Australia, United States, Asia, Middle East, and parts of Europe and is listed on the Australian Stock Exchange with a market capitalization of approximately US$2.0 billion.
The transaction, which is expected to close in September 2007, will have little to no impact on UNICCO’s current 18,000 employees across North America, and most customers will notice little change as a result of the new corporate ownership. Once completed, the combined company will have approximately 30,000 employees worldwide as it competes for the global FM services business.
In July 2006, United Group acquired Equis Corporation, a Chicago-based global transaction and corporate real estate (CRE) services company that provides customers with comprehensive real estate solutions. Both UGL Equis and UNICCO will continue to operate independently.
For more information visit the UNICCO Web site.
