ABB buys facilities management and consulting firm Seam Group

23 February 2024 2 min. read

ABB Ltd., a Swedish-Swiss electrical equipment manufacturing and services firm, has agreed to acquire Seam Group, a Beachwood, OH-based provider of energized asset management and advisory services for industrial and commercial buildings.

Seam Group delivers advisory, training, and technology solutions including electrical safety, predictive maintenance programs, reliability consulting, and repair services for 3,000 customer sites spanning commercial buildings, data centers, healthcare, manufacturing, and EV charging infrastructure.

The firm has nearly 250 employees and over 800 clients across 50 US states and the Americas, EMEA, and Asia.

The transaction will see Align Capital Partners exit Seam after seven years of ownership. In that timeframe, the private equity firm completed three add-on acquisitions for Seam.

ABB buys facilities management and consulting firm Seam Group

ABB’s acquisition of Seam will broaden its electrification services portfolio with industrial asset management and advisory services in the United States. The deal will bring significant additional expertise in predictive, preventive, and corrective maintenance, electrical safety, renewables, and asset management advisory, ABB said in a press release.

“This acquisition is part of our ongoing strategy to create a new force in electrification service, broadening our offering and footprint in the US. By sharpening our approach in one of our key markets, we will be able to offer customers complete asset lifecycle management services, while expanding our field service coverage across North America,” said Stuart Thompson, division president, ABB electrification service.

ABB has operations in electrical equipment manufacturing and services, industrial automation, and robotics. The firm has more than 105,000 employees globally and annual revenue of $32.2 billion.

“The synergies between SEAM Group and ABB are clear. From our shared values of customer focus, collaboration and enabling a more sustainable future, to our complementary portfolios, together we will deliver new levels of operational performance while supporting companies in their energy transition,” Colin Duncan, CEO of SEAM Group, said.