ABS Group of Companies, Inc. reported its acquisition of maintenance and asset management solutions provider Genesis Solutions, headquartered in Ridgefield, Connecticut.

According to ABS Group CEO, Tony Nassif, “The acquisition of Genesis Solutions will enable ABS Consulting to immediately expand our capabilities to deliver full-service EAM solutions to our extensive customer base in the Maritime, Oil and Gas, Nuclear, Renewable and Government market sectors.” ABS Consulting President David Walker added that, “In particular, their systems and technology experience with all of the major EAM and Computerized Maintenance Management System software tools will equip ABS Consulting with a portfolio of solutions to directly improve customers’ bottom lines through reduced downtime, improved efficiency and reduced labor and material costs.”

ABS Chairman Robert D. Somerville said that, “The Genesis Solutions acquisition represents an important step in assisting our clients to maximize the return on their capital investments and increase operating efficiency.” He added, “We are pleased that this acquisition provides ABS Consulting the capabilities to enhance the delivery of services and programs to our clients.”

Genesis Solutions’ Founding Partner and CEO Burton (Twig) MacArthur said, “The combination of Genesis Solutions and ABS Consulting will increase our ability to help clients realize a return on their assets through reduced maintenance costs and improved productivity.” He stated that, “This integration will help us reach a broader base of customers with a broader set of offerings, while also expanding the range of career opportunities available to Genesis employees.”

Terms of the transaction were undisclosed.

Tags: ABS Group