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ISS Group has agreed to sell its US-based portfolio of single-service janitorial and specialised services contracts to Atlanta-based Argenbright Holdings.
All other ISS businesses in the US – including integrated facilities services, cleaning and janitorial, aviation, and food service offerings – remain unaffected by this deal. The transaction represents another key stage in ISS Group’s efforts to rationalise its global business to maintain its focus on delivering high-value, integrated services to its key account clients.
Argenbright is a private provider of workforce solutions. The company will take on about 3,000 employees from ISS and will continue to provide single-service janitorial support to clients in financial, retail, industrial and government sectors.
The sale is a part of ISS Group’s ongoing global divestment programme, announced in 2018 and updated in December 2020, to raise DKK 2 billion (£229,210.78) in net proceeds in 2021 and 2022. The signing and proceeds from the sale completion were included in the ISS Group’s trading update for 1 January-30 September 2021 released on November 4, 2021.
Susanne Jorgensen, ISS North America CEO, said: “This is a strategic divestment for ISS that allows stronger focus and reinvestment into our integrated facilities services offering in North America. It fully aligns with our previously announced global strategy and further supports our core purpose of connecting people and places.”
Frank A Argenbright Jr, executive chairman of Argenbright Holdings, said: “This transaction is at the core of our strategy to be a leader in this space, delivering our ‘legendary service’ to valued customers.”
