ISS has agreed to sell its US-based portfolio of single-service janitorial and select specialised services contracts to Argenbright Holdings, a privately held provider of workforce solutions in human capital-intensive industries headquartered in Atlanta, Georgia.
The sale is a part of ISS’s ongoing global divestment programme, announced in 2018 and updated in December 2020, targeting approximately DKK 2 billion in total net proceeds in 2021 and 2022.
Argenbright will take on approximately 3,000 employees from ISS and will continue the business’s mission of providing single-service janitorial support to specialised clients across financial, retail, industrial and government sectors.
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: “We are excited to acquire the single-service janitorial and select specialised services business from ISS North America. This transaction is at the core of our strategy to be a leader in this space, delivering our ‘Legendary Service’ to valued customers.”
All other ISS businesses in the US, including integrated facilities services (IFS) cleaning and janitorial, aviation, and food service offerings, will remain unaffected by the transaction.