Temco Service Industries, Inc. Acquired by Atalian, a Leading European Facility Services Firm

NEW YORK--()--Temco Service Industries, Inc. announced today that it was acquired on Friday January 8, 2016 by Atalian International, a leading international provider of facility services, in a merger in which the existing Temco entity was the surviving corporation.

“In Europe and other countries outside the U.S. Atalian is a brand name in facilities management. We believe that teaming up with Atalian will enable us to better service our existing customer base and more effectively broaden and deepen that base,” commented Henrik Thomassian, Temco’s CEO. “Atalian’s resources will enable us to develop more fully integrated facilities services offerings, provide us with a broader geographic footprint and afford us the benefit of larger economies of scale than we could have achieved independently.” Mr. Thomassian will remain CEO of Temco under the new ownership.

New York-based Temco is a nearly century-old provider of cleaning and associated services and security to companies in the United States and, through its Temco-Euroclean subsidiaries, in the UK, Belgium, Luxembourg and the Netherlands. Founded in 1917, the company had revenues of $375.5 million in the year ended Sept. 30. 2015, employs more than 10,000 people worldwide and operates in 12 states: Connecticut, Georgia, Maryland, Massachusetts, Minnesota, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Tennessee and Texas.

Atalian is a leading international provider of facility services to companies in 21 countries. This is Atalian’s first entry into the US market. Based in Paris, Atalian is a family-owned company that has more than 35,000 employees and annual revenue of €1.33 billion (before the acquisition). Its wide range of services allows customers to outsource most management of support functions, such as cleaning, multi-technical and facilities management, reception, security, landscaping, construction and energy management. Atalian’s customers include, among others, Airbus, Air France, Areva, Axa, Bosch, Carrefour, EDF, Electrolux, LafargeHolcim, LVMH, the Louvre museum, Metro, Orange, SNCF and Safran.

Contacts

For further information:
Temco Service Industries, Inc.
Henrik Thomassian, 212-251-7883
President & Chief Executive Officer

Release Summary

Temco Service Industries, Inc. Acquired by Atalian, a Leading European Facility Services Firm.

Contacts

For further information:
Temco Service Industries, Inc.
Henrik Thomassian, 212-251-7883
President & Chief Executive Officer