Ampco System Parking Acquires Healthcare Parking Systems of America, Inc.

    LOS ANGELES, April 3 /CNW/ - Ampco System Parking, a wholly owned
subsidiary of ABM Industries Incorporated (NYSE:  ABM), announced that it has
acquired the assets of HealthCare Parking Systems of America, Inc. (HPSA), a
provider of healthcare-related parking services based in Tampa, Florida. With
annual revenues in excess of $26 million, HealthCare Parking Systems of
America is a provider of "five-star" parking management services exclusively
to hospitals, health centers, and medical office buildings across the United
States. The acquisition will greatly expand Ampco's nationwide capabilities by
increasing the number of states in which it provides its services from 29 to
39, with much of the expansion occurring on the East Coast. Contracts
associated with some of the most prestigious medical facilities in Florida,
Georgia, New York, North Carolina, Pennsylvania, and Virginia are included in
the acquisition.

    "The acquisition of the assets of HealthCare Parking Systems of America
provides Ampco an important and strategic expansion into a growing segment of
the parking industry," said Richard Kindorf, president of Ampco System
Parking. "HPSA has clearly established itself as the preeminent operator in
healthcare parking, and we are thrilled about the addition of Mike and the
entire HPSA team to our firm. We hope to leverage HPSA's proven segment-based
expertise and our own existing regional operating infrastructures to further
grow the sector. This is a tremendous opportunity for both organizations,"
added Kindorf.

    Founded in 1997 by Michael D. Malatin, HealthCare Parking Systems of
America has expanded rapidly and is widely recognized for its dedication to
quality customer care and innovation. Offering a vast array of specialized
parking services to its healthcare clients and customers, the company prides
itself in its ability to meet the unique needs of the patients and guests that
it serves. HPSA has tailored its training efforts, several of which have been
based on the Joint Commission of Accredited Healthcare Organization's
(JCAHO's) "Environment of Care" standards, to ensure that every expectation is

    "With ABM's financial strength and Ampco's capabilities in the
marketplace, our success and ongoing commitment to the healthcare segment, we
can further enhance opportunities to expand our business. The employees of
HPSA and I are excited to be part of the ABM team," said Malatin.

    Financial terms of transaction included an initial cash payment of $7.1
million. Additional cash consideration of approximately $4.7 million is
expected to be paid based on financial performance of the acquired business
over the next three years. Due to the specialized nature of the segment, the
HealthCare Parking Systems business will be managed as an operating unit of
Ampco System Parking and Malatin will continue as president of HPSA.

    Ampco System Parking is an industry leader, operating more than 1,600
lots and garages across the country, including parking facilities at or
adjacent to such major international airports as Austin, Buffalo, Dallas-Fort
Worth, Denver, Honolulu, Omaha, Orlando, and San Jose. With the acquisition,
parking services will be offered in 39 states at approximately 1,800

    ABM Industries Incorporated (NYSE:  ABM) is among the largest facility
services contractors listed on the New York Stock Exchange. With fiscal 2006
revenues in excess of $2.7 billion and more than 76,000 employees, ABM
provides janitorial, parking, security, engineering and lighting services for
thousands of commercial, industrial, institutional and retail facilities in
hundreds of cities across the United States and British Columbia, Canada. The
ABM Family of Services includes ABM Janitorial, Ampco System Parking, ABM
Security Services, ABM Facility Services, ABM Engineering, and Amtech Lighting

For further information:

For further information: Ampco System Parking Rich Kindorf (President),

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