ABM partners with Miami-Dade County for a $125 million contract to enhance services at Miami International Airport.
Quiver AI Summary
ABM has announced a five-year partnership with Miami-Dade County worth approximately $125 million to provide comprehensive janitorial, smart facility, and integrated maintenance services at Miami International Airport (MIA). This agreement will include the deployment of ABM Connect™, a technology platform featuring advanced Smart Restroom monitoring, enhancing operational efficiency and passenger experience. The partnership aims to support MIA’s modernization plan while creating over 250 new jobs and collaborating with local Disadvantaged Business Enterprises to promote economic growth in the region. This contract reinforces ABM’s status as a leading service provider at major airports, focusing on cleanliness, innovation, and community impact.
Potential Positives
- ABM has secured a significant five-year partnership with Miami-Dade County valued at approximately $125 million, enhancing its presence in the aviation sector.
- The deployment of ABM ConnectTM at Miami International Airport marks a comprehensive rollout of advanced technology and data intelligence, setting a new industry standard for airport cleanliness and efficiency.
- This partnership is expected to create over 250 new jobs in the Greater Miami and Gold Coast region, supporting local economic growth and workforce development.
- ABM's collaboration with local Disadvantaged Business Enterprise (DBE) partners emphasizes its commitment to economic empowerment and community representation in Miami-Dade County.
Potential Negatives
- ABM's reliance on a five-year contract with Miami-Dade County could pose a risk if unforeseen challenges arise in service delivery or technology implementation, potentially impacting revenue and reputation.
- The significant investment in advanced technology may strain ABM's resources, especially if the anticipated benefits do not materialize as expected.
- The addition of over 250 new jobs raises concerns about ABM's ability to maintain quality service and training standards across a rapidly expanded workforce.
FAQ
What is the new partnership between ABM and Miami-Dade County about?
ABM has secured a five-year partnership valued at $125 million to provide janitorial and integrated maintenance services at Miami International Airport.
How will ABM Connect™ benefit Miami International Airport?
ABM Connect™ will enhance efficiency and passenger experience through data-driven service models and the Smart Restroom monitoring system.
What local impact does this partnership have?
The partnership will create over 250 new jobs and focus on workforce development and inclusion within the Greater Miami area.
How does ABM contribute to economic growth in South Florida?
ABM collaborates with local disadvantaged businesses and aligns its operations with Miami-Dade County’s economic empowerment goals.
What is ABM's role in airport operations and cleanliness?
ABM aims to set new industry standards for airport cleanliness and efficiency through advanced technology and optimized service models.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$ABM Insider Trading Activity
$ABM insiders have traded $ABM stock on the open market 10 times in the past 6 months. Of those trades, 0 have been purchases and 10 have been sales.
Here’s a breakdown of recent trading of $ABM stock by insiders over the last 6 months:
- SCOTT B SALMIRS (President and CEO) has made 0 purchases and 3 sales selling 50,000 shares for an estimated $2,614,643.
- SEAN MICHAEL MAHONEY (EVP, President-Sales & Mktng) has made 0 purchases and 3 sales selling 15,000 shares for an estimated $756,964.
- RENE JACOBSEN (EVP & Chief Operating Officer) has made 0 purchases and 2 sales selling 10,000 shares for an estimated $528,369.
- DEAN A CHIN (SVP - Chief Accounting Officer) sold 4,281 shares for an estimated $224,136
- THOMAS M GARTLAND sold 3,711 shares for an estimated $168,906
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$ABM Hedge Fund Activity
We have seen 139 institutional investors add shares of $ABM stock to their portfolio, and 163 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ALLIANCEBERNSTEIN L.P. removed 665,721 shares (-26.0%) from their portfolio in Q1 2025, for an estimated $31,528,546
- BOSTON PARTNERS added 612,586 shares (+2129.6%) to their portfolio in Q1 2025, for an estimated $29,012,072
- LSV ASSET MANAGEMENT added 553,225 shares (+66.4%) to their portfolio in Q1 2025, for an estimated $26,200,736
- BLACKROCK, INC. removed 469,957 shares (-4.7%) from their portfolio in Q1 2025, for an estimated $22,257,163
- AMERICAN CENTURY COMPANIES INC added 406,802 shares (+34.4%) to their portfolio in Q1 2025, for an estimated $19,266,142
- GOLDMAN SACHS GROUP INC removed 372,156 shares (-60.0%) from their portfolio in Q1 2025, for an estimated $17,625,308
- NUVEEN ASSET MANAGEMENT, LLC added 334,295 shares (+99.2%) to their portfolio in Q4 2024, for an estimated $17,109,218
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$ABM Analyst Ratings
Wall Street analysts have issued reports on $ABM in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- UBS issued a "Buy" rating on 06/09/2025
To track analyst ratings and price targets for $ABM, check out Quiver Quantitative's $ABM forecast page.
Full Release
MIAMI, June 17, 2025 (GLOBE NEWSWIRE) -- ABM (NYSE: ABM), a leading provider of facility, engineering, and infrastructure solutions, is proud to announce a new five-year partnership valued at approximately $125 million with Miami-Dade County to provide comprehensive janitorial, smart facility, and integrated maintenance services at Miami International Airport (“MIA”) . This agreement includes the full deployment of ABM Connect TM , the company’s industry-leading technology and data intelligence platform, including the most integrated Smart Restroom monitoring solution ABM has implemented to date.
Through this new agreement, ABM will serve as a key partner in supporting MIA’s Modernization in Action (M.I.A.) Plan — delivering advanced, data-driven service models that enhance passenger experience, support long-term infrastructure goals, and promote inclusive economic growth in the South Florida region.
“This partnership with Miami-Dade County reinforces ABM’s leadership position as the partner of choice for the nation’s largest and busiest airports,” said Sean Bromfield, President of Aviation at ABM. “Our full-scale deployment of ABM Connect for Aviation at MIA exemplifies our ability to deliver smart, scalable solutions that enhance passenger experience, drive operational excellence, and support economic development in the communities we serve.”
Driving Innovation Through Industry-Leading Technology
ABM Connect
for Aviation
combines cutting-edge technology, operational intelligence, and top-tier service to optimize performance, hygiene, and facility cleanliness. At MIA, ABM will deploy one of its largest-scale implementations of IoT (Internet of Things) and passenger-facing hardware, fully integrated with its Smart Restroom Monitoring system. This real-time platform enables proactive service based on usage data and traffic patterns, enabling faster responses and greater consistency. As the most comprehensive rollout of the
ABM Connect™
for Aviation platform to date, this partnership reflects a truly integrated operational model—setting a new industry standard for airport cleanliness, efficiency, and passenger experience.
Local Impact and Strategic Partnerships
This partnership brings significant local impact, adding over 250 new jobs to ABM’s existing 1,300+ team members across the Greater Miami and Gold Coast region. ABM is proud to extend its more than 25-year legacy of service at MIA with a renewed focus on inclusion and workforce development.
Through this contract, ABM will collaborate with local and specialized Disadvantaged Business Enterprise (DBE) partners, ensuring that its operations contribute meaningfully to Miami-Dade County’s broader goals of economic empowerment and local representation.
A Strategic Win at a Global Hub
MIA is a vital gateway for international and domestic travel:
- Busiest U.S. airport for flights to Latin America and the Caribbean
- 2nd busiest international airport in the U.S.
-
10th busiest U.S. airport overall
Securing this contract is a significant milestone for ABM, further solidifying the company’s position as a trusted partner at the nation’s largest, busiest, and most innovative airports.
“ABM is proud to stand alongside Miami-Dade County and MIA in delivering clean, smart, and welcoming spaces for the millions of travelers who pass through this critical global gateway each year,” said Bromfield.
For more information on ABM’s aviation solutions, visit www.abm.com/aviation .
About ABM:
ABM (NYSE: ABM) is one of the world’s largest providers of integrated facility, engineering, and infrastructure solutions. Every day, our over 100,000 team members deliver essential services that make spaces cleaner, safer, and efficient, enhancing the overall occupant experience.
ABM serves a wide range of market sectors including commercial real estate, aviation, education, mission critical, and manufacturing and distribution. With over $8 billion in annual revenue and a blue-chip client base, ABM delivers innovative technologies and sustainable solutions that enhance facilities and empower clients to achieve their goals. Committed to creating smarter, more connected spaces, ABM is investing in the future to meet evolving challenges and build a healthier, thriving world. ABM: Driving possibility, together.
For more information, visit www.ABM.com
MEDIA CONTACT:
Michael Valentino
ABM
[email protected]
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6da32c03-9544-4d38-a274-6c2b9067861f
