Allied Universal subsidiary acquires UK-based T.S.S.
By Canadian Security StaffNews acquisitions security technology
Allied CEO says more acquisitions to come as Allied Universal executes strategic growth plan.
G4 Secure Solutions UK, a subsidiary of Allied Universal, has acquired T.S.S. (Total Security Services.)
As part of their announcement, the company also stated they believe this purchase will strengthen their position as a security service provider in the U.K. where they reportedly serve some of the region’s largest retailers and have earned more than $170 million in revenue.
“In the past 25 years, Allied Universal has grown from a $12 million company to a $20 billion company, becoming the global leader in security services,” said Steve Jones, global chairman and CEO at Allied Universal in a statement.
“TSS is the first major inorganic investment in our international business. Our team is reviewing additional opportunities in the US and internationally, and we look forward to continuing our acquisition growth strategy.”
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