AlliedBarton to merge with Universal Services
By Canadian SecurityNews Industry News
The merger of AlliedBarton Security Services and Universal Services of America will create a security company that can provide industry-leading technology solutions and approximately 140,000 highly-trained officers.
The combined company, which will operate under the AlliedUniversal brand following the close of the transaction, will offer its clients localized response and national support. It is expected to have total annual revenues of approximately US$4.5 billion. The transaction is expected to close in the third quarter of 2016.
Steve Jones, chief executive officer of Universal Services of America, will serve as the CEO of the combined company. He comments, “AlliedBarton Security Services and Universal Services of America share a deep focus on the customer experience. Bill Whitmore and the AlliedBarton team have established a sterling reputation in the industry for reliability and support. This combination brings together two excellent teams, and we are very excited to partner in a seamless integration that we expect to complete by the end of the year.”
Whitmore remarks, “Through this combination with Universal Services of America, we expect to deliver tremendous value to our clients through access to Universal’s portfolio of technology-based security solutions.” Whitmore, CEO of AlliedBarton, will serve as chairman of the board of the new company.
AlliedBarton Security Services is a leader in providing responsive and customizable security services to a diversified group of clients from more than 120 regional and district offices located throughout the United States.
Universal Services of America is the largest American-owned security company, providing an innovative mix of traditional manned security solutions and advanced digital security technologies to ensure the safety of clients throughout North America. The company also offers clients janitorial solutions, as well as safety and emergency preparation services.
Warburg Pincus and Wendel will be lead investors in the combined entity with equal voting rights and board representation; Partners Group and members of management will also have ownership interests in the combined company.
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