Houlihan Lokey Advises WGNSTAR
WGNSTAR has been acquired by ABM
Sellside Advisor
Houlihan Lokey is pleased to announce that WGNSTAR, a semiconductor-focused managed services company, has been acquired by ABM Industries, Inc. (ABM) (NYSE:ABM), a provider of integrated facility solutions, in a cash transaction valued at approximately $275 million. Houlihan Lokey served as the exclusive financial advisor to WGNSTAR on the transaction, which closed on February 3, 2026.
WGNSTAR operates across the U.S. and in Ireland, delivering technical and operational solutions through a highly skilled workforce of more than 1,300 employees and long-standing client partnerships. WGNSTAR generates more than half of its revenue from integrated workforce programs, delivering highly trained technical teams to ensure operational efficiency in chip fabrication facilities. WGNSTAR also collaborates with leading OEMs to offer equipment support services that encompass installation, maintenance, and production tool management, further enhancing productivity within fabrication environments.
ABM is one of the world’s largest providers of integrated facility, engineering, and infrastructure solutions. ABM delivers essential services that make spaces cleaner, safer, and more efficient, enhancing the overall occupant experience. ABM serves a wide range of market sectors, including commercial real estate, aviation, mission-critical, and manufacturing and distribution, with more than $8 billion in annual revenue.
This transaction highlights Houlihan Lokey’s deep expertise in advising premier semiconductor service companies and its proven ability to execute complex business combinations across the broader semiconductor value chain.