ABM Industries has secured a contract with the Alexandria, Virginia Transit Company (DASH) to design, supply, and install an in‑route pantograph charging system, power cabinets, electrical infrastructure, and civil foundation work for the city’s electric bus fleet. The project, awarded through the NASPO ValuePoint cooperative purchasing agreement, will enable buses to recharge while operating, extending range and reducing downtime for the 15,000 daily riders served by DASH.
The deal is a key component of DASH’s broader electrification strategy, which aims to achieve a 100% zero‑emissions fleet by 2037. By allowing buses to charge on the road, the installation will lower greenhouse‑gas emissions and improve service reliability, aligning with the city’s sustainability goals.
For ABM, the win adds a high‑growth customer to its Technical Solutions segment, which grew 19% year‑over‑year in Q3 2025 and helped drive record Q4 2025 revenue of $2.3 billion. The contract reinforces ABM’s focus on electrification and data‑center services, positioning the company to capture emerging opportunities in public‑transport infrastructure.
Mark Hawkinson, President of ABM’s Technical Solutions segment, said the project “demonstrates ABM’s commitment to clean, reliable transit and highlights our role in helping DASH expand its electric bus capabilities.”
While the financial terms of the contract are undisclosed, the project is part of a broader plan that will include future charging infrastructure upgrades. The use of NASPO ValuePoint streamlines procurement for public entities and underscores the partnership’s efficiency and scalability.
ABM’s recent financials show strong revenue growth but an EPS miss in Q4 2025, reflecting higher costs and investment in growth areas. The company increased its dividend by 9% to $0.29 per share, its 58th consecutive year of increases, signaling confidence in cash flow and shareholder returns.
The contract positions ABM to benefit from the growing demand for electric transit infrastructure, complementing its other high‑growth segments such as data centers and microgrids. The company also plans to acquire WGNSTAR to expand semiconductor services, further diversifying its portfolio.
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