STOCK TITAN

Vanderbilt University Selects ABM for New York City Campus Transformation

ABM (NYSE: ABM) was selected by Vanderbilt University on April 28, 2026 to deliver its ABM Performance Solutions model for Vanderbilt’s new 150,000 square foot New York City campus at the historic General Theological Seminary site.

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

Tags

ABM (NYSE: ABM) was selected by Vanderbilt University on April 28, 2026 to deliver its ABM Performance Solutions model for Vanderbilt’s new 150,000 square foot New York City campus at the historic General Theological Seminary site. ABM will manage renovation oversight, startup integration, and ongoing operations, including cleaning, engineering, grounds, subcontract oversight, event support, and vendor integration, while preserving the seminary community and supporting Vanderbilt’s academic, internship, and alumni activities in Chelsea.

Loading...
Loading translation...

Positive

  • 150,000 sq ft campus engagement for Vanderbilt in NYC
  • ABM to provide end-to-end ABM Performance Solutions including cleaning, engineering, and grounds
  • Contract includes startup integration and vendor/subcontract oversight for HVAC, fire/life safety, elevators, and pest control
  • Historic preservation maintained while modernizing building systems and operations

Negative

  • None.
Argus Apr 28 session
+0.82% close to close Open Argus
Details

News Market Reaction – ABM

On Apr 28, the day this news came out, ABM closed 0.82% above the previous close.

Data tracked by StockTitan Argus for the Apr 28 session.

Key Figures

Campus size: 150,000 square feet Education clients: More than 200 colleges and universities
Campus size
150,000 square feet
Vanderbilt’s New York City campus served under ABM Performance Solutions
Education clients
More than 200 colleges and universities
Higher education institutions currently served by ABM

Historical Context

5 past events · Latest: Apr 23
5 events
  1. Apr 23

    Innovation award

    24h Move
    -0.9%

    Edison Award recognition for ABM Connect commercial technology platform.

  2. Mar 24

    Innovation listing

    24h Move
    -0.6%

    Named to Fast Company’s 2026 Most Innovative Companies list.

  3. Mar 10

    Earnings report

    24h Move
    -4.6%

    Q1 2026 results with 6.1% revenue growth and reaffirmed outlook.

  4. Mar 04

    Sports partnership

    24h Move
    -0.4%

    Multi-service partnership with Philadelphia Phillies and Citizens Bank Park.

  5. Feb 24

    Earnings date set

    24h Move
    -0.4%

    Announcement of Q1 2026 results release and conference call timing.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

ev charging, hvac, fire/life safety
3 terms
ev charging technical
"from cleaning, engineering, and landscaping to EV charging, energy savings"
EV charging is the process of replenishing an electric vehicle’s battery using an external power source, ranging from a standard home outlet (slow, like topping off a phone overnight) to high-power public chargers (fast, like a gas pump). For investors, the availability, speed and cost of charging shape how quickly electric vehicles are adopted and create opportunities and risks across utilities, charging network operators, real estate, and automakers, similar to how gas stations supported the growth of combustion cars.
hvac technical
"Subcontract Oversight (including HVAC, Fire/Life Safety, Elevators"
HVAC stands for heating, ventilation and air conditioning — the systems that control temperature, airflow and indoor air quality in buildings. Investors care because HVAC drives operating costs, energy use, tenant comfort and regulatory compliance; like the engine and insulation of a building, efficient modern systems can lower bills, reduce repair and replacement spending, and preserve property value, while outdated units can create unexpected expenses and vacancy risk.
fire/life safety technical
"Subcontract Oversight (including HVAC, Fire/Life Safety, Elevators"
Measures, equipment and procedures designed to protect people and property from fires and other immediate dangers in buildings and facilities, including alarms, sprinklers, emergency exits, evacuation plans and regular inspections. Investors care because strong fire/life safety reduces legal and insurance costs, keeps buildings operational and occupiable, and protects asset value and cash flow—like seatbelts and airbags for a property, it lowers the chance of catastrophic loss and unexpected downtime.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google

ABM to deliver comprehensive operations and support through its ABM Performance Solutions program

Vanderbilt University's NY Campus

NEW YORK, April 28, 2026 (GLOBE NEWSWIRE) -- ABM (NYSE: ABM), a leading provider of integrated facility, engineering, and infrastructure solutions, has been selected by Vanderbilt University to deliver its end-to-end ABM Performance Solutions (APS) model at its New York City campus. This effort will preserve and modernize the campus, which is located at the site of the historic General Theological Seminary in Manhattan’s Chelsea neighborhood, with ABM overseeing critical operations throughout renovation, startup and ongoing maintenance phases.

The 150,000 square foot campus will serve as a strategic outpost for Vanderbilt students, alumni, and partners in the Northeast. The university is restoring and modernizing the site to create flexible space for academic programming, professional development, internships, and events. With ABM’s operational oversight, the campus will combine historic character with modern performance standards. Importantly, the General Theological Seminary community will also continue to be served on the campus, honoring its longstanding presence in Chelsea.

“This project represents a unique opportunity to combine historic preservation with next-generation educational infrastructure,” said Scott Camp, President, Education at ABM. “We’re proud to partner with world-renowned Vanderbilt University as it brings its mission to New York City, and to support a campus that will inspire students and alumni while contributing to one of the country’s most dynamic urban communities.”

Scope of Work and Impact

With deep and broad expertise—from cleaning, engineering, and landscaping to EV charging, energy savings, waste/recycling, and athletic field care—ABM is a trusted partner for many of the nation’s leading higher education institutions, currently serving more than 200 colleges and universities.

Through ABM Performance Solutions, ABM will provide Vanderbilt’s New York campus with a comprehensive range of operational services designed to ensure optimal performance, safety, and long-term sustainability, including:

  • Cleaning, Maintenance and Engineering Services
  • Grounds Management and Exterior Restoration Support
  • Subcontract Oversight (including HVAC, Fire/Life Safety, Elevators, and Pest Control)
  • Event Coordination and Support

In addition to daily operations, ABM is working alongside Vanderbilt during the startup phase to ensure seamless integration of building systems and vendor contracts, with a focus on efficiency, safety, and reliability.

Vanderbilt in New York City

Vanderbilt’s New York City initiative builds on the university’s commitment to expanding access to professional experiences and industry partnerships. The campus plans to host Vanderbilt students participating in internships across finance, media, technology, and the arts, while also offering academic programming and networking opportunities for alumni and corporate partners.

With this expansion, Vanderbilt is strengthening its presence in one of the world’s most influential cities, deepening its ties to the Chelsea community, and creating new pathways for student growth and engagement.

“Vanderbilt’s New York campus represents a bold step in expanding opportunities for our students, alumni, and community members,” said James Kellerhouse, Executive Director of Operations & Engagement for Vanderbilt University. “This historic site will be a place where academic excellence, professional growth, and community connection come together. Working with ABM gives us confidence that the campus will not only honor its historic character but also deliver the modern and exceptional environment our community deserves.”

About ABM

ABM (NYSE: ABM) is one of the world’s largest providers of integrated facility, engineering, and infrastructure solutions. Every day, our over 100,000 team members deliver essential services that make spaces cleaner, safer, and efficient, enhancing the overall occupant experience.

ABM serves a wide range of market sectors including commercial real estate, aviation, education, mission critical, and manufacturing and distribution. With over $8 billion in annual revenue and a blue-chip client base, ABM delivers innovative technologies and sustainable solutions that enhance facilities and empower clients to achieve their goals. Committed to creating smarter, more connected spaces, ABM is investing in the future to meet evolving challenges and build a healthier, thriving world. ABM: Driving possibility, together.

For more information, visit www.ABM.com.

MEDIA CONTACT:
Michael Valentino
media@abm.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/67b9a84d-11dd-4241-af74-725213fc87e1


FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did ABM announce about the Vanderbilt New York campus on April 28, 2026 (ABM)?

ABM announced it was selected to deliver its ABM Performance Solutions for Vanderbilt’s 150,000 sq ft New York campus. According to the company, ABM will oversee renovation, startup integration, and ongoing facility operations and maintenance.

What services will ABM provide for Vanderbilt’s New York campus (ABM)?

ABM will provide cleaning, maintenance, engineering, grounds management, and event support for the campus. According to the company, subcontract oversight includes HVAC, fire/life safety, elevators, pest control, and vendor coordination during startup and operations.

How large is Vanderbilt’s New York campus and where is it located (ABM)?

The campus is a 150,000 square foot site at the historic General Theological Seminary in Chelsea, Manhattan. According to the company, the site will combine preserved historic character with modern performance standards and campus programming.

How will ABM support Vanderbilt’s students and partners in New York (ABM)?

ABM will maintain facilities that enable academic programming, internships, and events for students and alumni. According to the company, the campus aims to host internships across finance, media, technology, and the arts while supporting community engagement.

Will the General Theological Seminary community remain on site after the Vanderbilt project (ABM)?

Yes. According to the company, the project will continue to serve the General Theological Seminary community while restoring and modernizing the campus to support Vanderbilt’s activities and neighborhood connections.

Keep reading