The 12 Largest Commercial Janitorial Companies in the US – Yahoo Finance | CarTailz

In this article, we discuss the 12 largest commercial janitorial companies in the US. If you want to skip our detailed analysis of these companies, go straight to The 5 Largest Commercial Janitorial Companies in the USA.

Corresponding statistics, the market size of Janitorial Services sector will increase by 6.6 percent in 2022. The annualized percentage of market growth between 2017 and 2022 was 6.7%. Additionally, the number of janitors and cleaners employed in the United States increased by 6.6 percent between 2020 and 2021 to nearly 50,000. By 2024, the US janitorial services industry is expected to generate approximately $50.1 billion in revenue. The janitorial services industry market size, as measured by revenue, is US$97.6 billion in 2022. Businesses often grow as corporate profits increase, which increases demand for janitorial services. However, shrinking corporate profits are reducing demand for janitorial services as companies close facilities and reduce the frequency of contracted cleaning to cut costs. The industry could stand a chance in 2022 as corporate earnings are expected to rise ibisworld. According to Allied Market Research, the global cleaning services market is projected to reach $111.49 billion by 2030 at a CAGR of 6.5%, as reported by Bloomberg.

The global cleaning services industry is expanding as service providers expand their online presence and demand from commercial consumers increases. However, increased rivalry and the launch of new companies limit market expansion. On the other hand, the demand for construction and post-construction cleaning will open up new perspectives. The Covid-19 pandemic has had a positive impact on the global cleaning services business. Deep cleaning and disinfection has become increasingly popular with home and commercial users to reduce the risk of cross contamination. In order to reduce the risk of infection, the governments of different countries have established a variety of standard operating procedures and guidelines for companies. As a result, cleaning services in shopping malls and large corporations have been in greater demand.

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methodology

For our list of the 12 largest commercial janitorial companies in the US, we took the 12 largest janitorial companies in the US by market capitalization. These companies either provide janitorial services directly or manufacture technology and parts used in janitorial services.

Largest commercial janitorial companies in the United States

12. Avalon Holdings Corporation (NYSE:AWX)

Market cap on November 18, 2022: $0.01 billion

Avalon Holdings Corporation (NYSE:AWX) was founded in 1998 and is based in Warren, Ohio. Avalon Holdings Corporation (NYSE:AWX) provides waste disposal services to industrial, commercial, municipal and government customers throughout the United States. It operates through Waste Management Services and Golf and Related Operations segments. The Waste Management Services segment provides facilitation and management services for the disposal of hazardous and non-hazardous waste; and proprietary landfill management services and is engaged in the operation of saline water injection wells.

11. ABM Industries Incorporated (NYSE:ABM)

Market cap on November 18, 2022: $2.98 billion

ABM Industries Incorporated (NYSE:ABM) was founded in 1985 and is headquartered in New York, New York. It offers janitorial, mechanical engineering, parking, janitorial, landscaping, ground, mechanical and electrical services. and vehicle maintenance and other services for rental car providers. On September 12, Baird analyst Andrew Wittmann lowered his price target on ABM Industries Incorporated (NYSE:ABM) to $52 from $53, while maintaining an Outperform rating on the stock. The analyst said the company is warning again that it’s not out of the woods yet amid labor shortages. He said the initial guidance for 2023 may contain some downside risk, which is the source of his incremental caution now, but longer term he still likes the defensive and recurring revenue model.

ABM Industries Incorporated (NYSE:ABM) has performed well lately despite being hit like most companies by the COVID-19 pandemic. The recovery has been positive since then, despite delays, and this year’s results are particularly optimistic.

10. Casella Waste Systems, Inc. (NASDAQ:CWST)

Market cap on November 18, 2022: $4.18 billion

Casella Waste Systems, Inc. (NASDAQ:CWST) was founded in 1975 and is headquartered in Rutland, Vermont. Casella Waste Systems, Inc. (NASDAQ:CWST), together with its subsidiaries, is a vertically integrated solid waste services company located in the Northeastern United States. It provides resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling and organic services to residential, commercial, municipal, institutional and industrial customers. The Company provides non-hazardous solid waste services including collections, transfer stations and disposal facilities. It also markets recyclable metals, aluminum, plastics, paper and corrugated board processed at its facilities, as well as recyclables purchased from third parties. As of January 31, 2022, the Company owned 50 solid waste collectors, 65 transfer stations, 23 recycling plants, 3 landfill gas-to-energy plants and 1 landfill licensed to accept construction and demolition materials.

On Oct. 24, Jefferies analyst Stephanie Moore initiated coverage of Casella Waste Systems, Inc. (NASDAQ:CWST) with a buy rating and a price target of $95 versus $103. The company offers superior pricing power given its concentration in the Northeast, as well as the opportunity to generate outsize margin gains through operational leverage and efficiency investments, the analyst tells investors in a research note. Moore adds that Casella Waste Systems, Inc. (NASDAQ:CWST) is also the only public waste company of its size not to be acquired, which “supports a downside assessment of takeaway potential.”

09. Stericycle, Inc. (NASDAQ:SRCL)

Market cap on November 18, 2022: $4.73 billion

Stericycle, Inc. (NASDAQ:SRCL) was founded in 1989 and is based in Bannockburn, Illinois. The Company provides regulated waste and compliance services including disposable and sharps management solutions; pharmaceutical waste services; hazardous waste disposal; marine waste services such as seaport and airport waste; and compliance programs under the Steri-Safe, Clinical Services, First Practice Management, SeguriMed and EnviroAssure brand names.

Stericycle Inc. (NASDAQ:SRCL) has 14,500 employees at more than 640 locations in 21 countries worldwide. More than 25% of the company’s sales are generated through its international operations, with the best known countries being the United States, Canada, Ireland, Spain and Brazil. Stericycle Inc. (NASDAQ:SRCL) has also joined many charitable causes including Feed My Starving Children, the American Diabetes Association, the National Safety Council and even the SteriCares Hardship Fund to provide financial assistance to impoverished families.

08. Clean Havens, Inc. (NYSE:CLH)

Market capitalization on November 18, 2022: $6.29 billion

Clean Harbors, Inc. (NYSE:CLH) was founded in 1980 and is based in Norwell, Massachusetts. Clean Harbors, Inc. (NYSE:CLH) provides environmental and industrial services in North America. The Company operates through two segments, Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment collects, transports, treats and disposes of hazardous and non-hazardous wastes such as resource reclamation, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, laboratory chemical disposal and explosives management.

Clean Harbors, Inc. (NYSE:CLH)’s Safety-Kleen Sustainability Solutions segment provides purpose-built parts washers; Automotive and industrial cleaning products such as antifreeze, windshield washer fluid, degreasers, glass and floor cleaners, hand cleaners, absorbents, mats and spill kits.

07. Aramark (NYSE:ARMK)

Market cap on November 18, 2022: $10.45 billion

Aramark (NYSE:ARMK) was founded in 1959 and is headquartered in Philadelphia, Pennsylvania. It provides design, sourcing and manufacturing, supply, cleaning, maintenance and marketing services for uniforms and accessories. offers managed toilet services; and rents uniforms, workwear, outerwear, particulate-free garments and non-garment items, and related services, including mats, shop towels, and first-aid supplies.

On November 16, RBC Capital analyst Ashish Sabadra increased his price target on Aramark (NYSE:ARMK) to $45 from $38 while maintaining a sector perform rating on the shares. Aramark’s (NYSE:ARMK) fourth-quarter sales beat expectations on strong new business gains and continued reopening benefits, the analyst told investors in a research note.

06. Waste Connections, Inc. (NYSE: WCN)

Market capitalization on November 18, 2022: $35.69 billion

Waste Connections, Inc. (NYSE: WCN) was founded in 1997 and is based in Woodbridge, Canada. Waste Connections, Inc. (NYSE: WCN) provides non-hazardous waste collection, transportation, disposal and reclamation services throughout the United States and Canada.

Waste Connections, Inc. (NYSE: WCN) also provides E&P waste treatment, salvage and disposal services for oil and natural gas exploration and production waste, such as: B. drilling fluids, drill cuttings, completion fluids and return water; production waste and water produced during the life of a well; contaminated soils that require treatment during reclamation; and substances to be cleaned up after a spill, reserve pit clean-up, or burst pipe.

Click here to read on and see the 5 largest commercial janitorial companies in the US.

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Disclosure: None. The 12 Largest Commercial Janitorial Companies in the US was originally published on Insider Monkey.

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