GI Partners Exits The Linc Group in $300 Million Deal

ABM Industries has paid $300 million for The Linc Group, a portfolio company of private equity firm GI Partners. The deal represents a 4.4x return for GI Partners, which acquired the company in a 2003 management-led buyout of the Linc from the Enron bankruptcy process. The Irvine, Calif.-based Linc Group provides technical building services, including ventilation and air condition services, lighting and electrical services and maintenance and repair. GI Partners has offices in Menlo Park, Calif.; London and Munich. The firm has raised $3.9 billion in capital since its formation in 2001.

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