Following the transaction, Wendel will retain an 18% ownership stake in the company and CDPQ will become the largest shareholder of Allied Universal. Visit our updated. “This transaction also provides Wendel with further means to identify new high-quality assets and grow its portfolio over the long-term.”. SANTA ANA, Calif. — Allied Universal announces the signing of a definitive agreement to merge with SOS Security Services, a global provider of manned guarding and other security services. The overwhelming feedback is that everyone has needed, in one way or another, to change their processes, and expect to continue having to do so for the foreseeable future. … The enterprise combines people and technology to deliver evolving, tailored solutions that allow our … ON DEMAND: The insider threat—consisting of scores of different types of crimes and incidents—is a scourge even during the best of times. This transaction places an enterprise value of $7 billion on Allied Universal. In recent months, I’ve had many different conversations with our customers about how the COVID pandemic has impacted their security operations—from global companies with hundreds of thousands of employees to much smaller organizations with control rooms responsible for local operations and campuses. Paris-based private equity firm Wendel has agreed to sell approximately 40% of its equity stake, along with other existing shareholders, in Allied Universal, one of the largest providers of security services in North America, to Caisse de dépôt et placement du Québec (CDPQ). “This investment, which represents one of the largest private transactions in business services, enables us to invest in a national leader in facility and security services, a sector that will continue to experience sustained organic growth and industry consolidation,” said Stephane Etroy, executive vice president and head of private equity at CDPQ. Terms of the deal were not disclosed. Tell me how we can improve. The company has annual revenues of $7 billion and over 200,000 security professionals located at over 38,000 client sites. We have been proud to support the Allied Universal team as they have grown the business organically and through strategic and transformative acquisitions such as this one,” says Chandler Joel Reedy, Managing Director of Warburg Pincus, a principal shareholder of Allied Universal. Allied Universal has two headquarters facilities, one in Santa Ana, CA and the other near Philadelphia in Conshohocken, PA (www.aus.com). By closing this message or continuing to use our site, you agree to the use of cookies. At Allied Universal, we pride ourselves on fostering a promote from within culture. The firm is headquartered in New York with offices in Amsterdam, Beijing, Hong Kong, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo, Shanghai and Singapore (www.warburgpincus.com). Allied Universal, a leading facility services company and the largest security force in North America with over 140,000 employees, provides unparalleled security services and solutions. There is a right and a wrong in the universe, and that distinction is not hard to make. I want to hear from you. “I have personally known Frank for over 20 years,” said Steve Jones, Chairman & CEO of Allied Universal. Other equity owners of Allied Universal include Warburg Pincus and members of the company’s senior management team. Who has ownership or primary responsibility of video surveillance at your enterprise? CDPQ will become the largest shareholder; however Allied Universal will continue to be majority owned by Warburg Pincus, Wendel, and the company’s management team, whose representatives will continue to constitute a majority of the company’s board of directors. CDPQ’s investment in Allied Universal is expected to close in the third quarter of 2019. The offer, which was made by Atlas UK Bidco Limited (Allied Bidco), a newly incorporated entity created for the purposes of implementing the offer and indirectly controlled by … USSA, of Roswell, Georgia, is a safety and security solutions provider. You must have JavaScript enabled to enjoy a limited number of articles over the next 30 days. By visiting this website, certain cookies have already been set, which you may delete and block. Goldman Sachs Merchant Banking acquired USSA in July 2011 from Wind Point Partners. Annual Innovations, Technology, & Services Report, Allied Universal Acquires U.S. Security Associates, Allied Universal Acquires Securadyne Systems, Allied Universal Acquires Apollo International, GardaWorld and Allied Universal to enter bidding war over G4S. With a team of extremely dedicated and quality lecturers, allied universal security edge training will not only be a place to share knowledge but also to help students get inspired to explore and discover many creative ideas from themselves. Allied Universal, a leading facility services company and the largest security force in North America with over 160,000 employees, provides unparalleled security services and solutions. As part of the transaction, Wendel made an investment of approximately $687 million, for approximately 95% ownership in the Company, alongside AlliedBarton's management team. Allied Universal, a leading security and facility services company with over 210,000 employees, provides unparalleled security services and solutions. View Allied Universal stock / share price, financials, funding rounds, investors and more at Craft. Allied Universal annual revenue was $5.30 b in Y 2017. Caisse de dépôt et placement du Québec is an institutional investor that manages funds primarily for public and para-public pension and insurance plans. Sponsored Content is a special paid section where industry companies provide high quality, objective, non-commercial content around topics of interest to the Security audience. There are countless examples of individuals who began their career as Security Professionals and today hold positions on our senior leadership team. By visiting this website, certain cookies have already been set, which you may delete and block. ON DEMAND: There's a lot at stake when it comes to cybersecurity. Allied Universal®, a security and facility services company in North America, recently announced the acquisition of SecurAmerica — a privately held, Atlanta, Georgia-based security company with 49 offices located throughout the United States.Terms of the deal were not disclosed. We are North America's leading security services provider with more than 265,000 phenomenal employees. At Allied Universal®, we partner with you, leveraging our experience, cutting-edge technology and systems, and industry expertise to provide comprehensive, customized security solutions that combine to help protect against threats, and empower organizations to make better, more informed decisions about their security operations. The firm is controlled by members of the Wendel family and is headquartered in Paris (www.wendelgroup.com). Allied Universal Security Services, LLC provides security products and services. Visit our updated, This website requires certain cookies to work and uses other cookies to help you have the best experience. AlliedBarton, one of the companies that merged to become Allied Universal, was founded as Allied Security in 1957 in Pittsburgh, Pennsylvania as a provider of contracted security guards and related services. has ownership or primary responsibility of video surveillance at your enterprise? Please click here to continue without javascript.. Security eNewsletter & Other eNews Alerts, How command centers are responding to COVID-19, Pandemics, Recessions and Disasters: Insider Threats During Troubling Times, Industrial Cybersecurity: What Every Food & Bev Executive Needs to Know, Effective Security Management, 7th Edition. © 2019 Private Equity Professional | February 21, 2019, CDPQ Buys Stake in Allied Universal added by John McNulty on February 21, 2019View all posts by John McNulty →, Private equity's leading news magazine since 2007. In 2005, Argenbright launched SecurAmerica with the goal of becoming the first U.S.-based, privately held security company to compete globally. About Allied Universal. Charles Sennewald brings a time-tested blend of common sense, wisdom, and humor to this bestselling introduction to workplace dynamics. Copyright ©2021. Charles Sennewald brings a time-tested blend of common sense, wisdom, and humor to this bestselling introduction to workplace dynamics. SecurAmerica was founded by Frank Argenbright, a Georgia entrepreneur who, over the past 40 years, has built both security and facilities management companies with operations … We think CDPQ’s long-term approach is well-suited to our strategy for continued growth in manned guarding and technology services and look forward to working with them as partners.”. Paris-based private equity firm Wendel has agreed to sell approximately 40% of its equity stake, along with other existing shareholders, in Allied Universal, one of the largest providers of security services in North America, to Caisse de dépôt et placement du Québec (CDPQ). In October 2018, Allied Universal acquired Roswell, GA-based US Security Associates (USSA), a portfolio company of Goldman Sachs Merchant Banking, for approximately $1 billion. Terms of the latest deal were not disclosed. Citigroup Global Markets was the financial advisor to CDPQ while Barclays and Morgan Stanley & Co. were the financial advisors to Allied Universal. ASOG is a group of globally engaged professionals who come from various disciplines to include Department of Defense, Secret Service, Department of Homeland Security, … “CDPQ’s agreement to acquire a significant ownership stake and invest in Allied Universal is a strong endorsement of the company’s strategy and vision for the future and, most importantly, the incredible work of our entire team,” said Steve Jones, president and CEO of Allied Universal. IT Department, Information Security or Cybersecurity. Terms of the deal were not disclosed. Prior to accepting the most recent offer from Allied Universal, G4S noted in a statement announcing the deal that earlier this month, Garda, through its wholly-owned subsidiary Fleming Capital Securities, upped its offer to 235 pence per share but noted that it would not increase it any further. Santa Ana-based Allied Universal, the largest private security firm in North America, bought APG Security, its fourth acquisition in the past month. February 21, 2019 No Comment. In addition to the equity purchase transaction, Allied Universal has entered into an agreement with CDPQ for it to provide up to an additional $400 million of capital to support the company’s growth strategy and acquisition plans. The transaction is … Allied Universal®, a leading security and facility services company with more than 265,000 employees and revenues exceeding $9.5 billion, provides unparalleled security services and technology solutions. The company now operates in over 100 markets with revenues exceeding $467 million and more than 13,500 employees. All Sponsored Content is supplied by the advertising company. Wendel traces its roots back to 1704 and is an active investor in European and North American-based companies across a range of industries. Allied Universal announced the acquisition of SecurAmerica -- a privately held, Atlanta, Georgia-based security company with 49 offices located throughout the United States. Terms of the deal were not disclosed. allied universal security edge training provides a comprehensive and comprehensive pathway for students to see progress after the end of each module. The acquisition adds Covenant Security Services' 1,900 employees to Allied Universal's 150,000-plus workforce. APG Security, which has been in business for more than 35 years, offers uniform security services and investigative services on a national level. Terms of the transaction were not disclosed. “This transaction further bolsters Allied Universal’s position as a leading provider of security officer services. In August 2016, AlliedBarton merged with Universal Services of America, owned by Warburg Pincus, to create Allied Universal. Learn how your workers, contractors, volunteers and partners are exploiting the dislocation caused by today's climate of Coronavirus, unemployment, disinformation and social unrest. SecurAmerica is a demonstrated leader in the security industry and their people and culture will fit perfectly into Allied Universal and our long-term organizational plans.”. As of June 30, 2018, it held C$308 billion in net assets (www.cdpq.com). Allied Universal Acquires Atlanta-Based SecurAmerica. Reputation, productivity, quality. Allied Universal announced the acquisition of SecurAmerica -- a privately held, Atlanta, Georgia-based security company with 49 offices located throughout the United States. Contact your local rep. “Wendel and Warburg are terrific partners who have supported our rapid growth over the past several years and we look forward to adding CDPQ to our shareholder base. “He has accomplished so much in the security industry and to have an opportunity to bring SecurAmerica into Allied Universal is a huge personal achievement and a major strategic goal for the organization. Effective Security Management, 5e, teaches practicing security professionals how to build their careers by mastering the fundamentals of good management. After initially declining an Allied Universal $4.2 billion deal last month, G4S has announced that it has agreed to the terms of a new cash offer from the company that will pay G4S shareholders $3.30 per share. Terms of the deal were not disclosed. Design, CMS, Hosting & Web Development :: ePublishing. SecurAmerica was founded by Frank Argenbright, a Georgia entrepreneur who, over the past 40 years, has built both security and facilities management companies with operations around the world, beginning with Argenbright Security in 1979. SecurAmerica is a demonstrated leader in the security industry and their people and culture will fit perfectly into Allied Universal and our long-term organizational plans." The company’s government division provides a wide range of asset protection and security services to the governmental sector and commercially clear clients and possesses top levels of federal security clearances and has strong relations with government agencies.
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