Allied Universal expands K9 program with acquisition
By Canadian Security StaffNews allied universal k9
Allied Universal Monday announced the acquisition of New York-based MSA Security (MSA) from private equity firm GreyLion. MSA is a provider of threat protection solutions including K9 security services. Terms of the deal were not disclosed.
“The acquisition of MSA Security will not only expand our K9 program on a local and national level but will also increase our security resources around the world,” said Steve Jones, Global Chairman & CEO, Allied Universal, in a statement. “For more than 30 years, MSA Security has achieved success through its strong customer relationships, expertise and reliable service. This acquisition aligns perfectly with our strategic goals for identifying strong and high performing companies that offer vast services and are continuing to grow.”
MSA Security was founded in 1987 and has revenue approaching $200 million. The company utilizes nearly 700 Explosive Detection Canine teams deployed around the world. MSA’s services also include specialized armed and unarmed security operatives, 24/7 strategic threat monitoring, specialized investigations, security training and security consulting.
“MSA Security has experienced incredible growth in the last five years. During our partnership with GreyLion, we nearly quadrupled our revenue,” said Glen Kucera, MSA Security’s CEO. “We are excited to further recognize our full potential by combining with another industry leader and I look forward to partnering with Steve Jones and his team. Becoming part of an organization with the resources, technology focus, and depth of service that Allied Universal offers will allow MSA to expand on its success as the preeminent explosive detection canine business worldwide.”
Baird acted as financial advisor to MSA Security on the transaction. Latham & Watkins LLP acted as legal advisor to MSA Security. Sheppard, Mullin, Richter & Hampton LLP acted as legal advisor to Allied Universal.
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