The companies expect to operate under their separate identities. Together they will serve approximately 2,150 corporate customers including more than 100 of the Fortune 500 companies. Both provide services for premier office buildings, corporate complexes, regional shopping malls, hospitals, financial institutions, universities and other commercial facilities and toll booth operations.
Allied has more than 60 offices nationwide with approximately 25,000 employees. Its estimated 2004 revenues are $700 million. Barton has 32 district offices in 17 states and about 12,500 employees. Its 2003 revenues were approximately $350 million. Lehman Brothers is Barton's financial advisor in the planned merger transaction. Terms of the agreement are undisclosed.
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