Paladin acquires U.S. security provider
By StaffNews Industry News
Paladin Security Wednesday announced its fifth acquisition of 2017: U.S.-based guard services business Criterion Security.
Paladin will continue to operate as Paladin Security in Canada and will be known as PalAmerican Security in the U.S. with headquarters in St. Petersburg, Fla., and operations in 16 states.
Ashley Cooper, CEO of Paladin Security and PalAmerican Security, said in a statement, “We could not be more thrilled about the creation of PalAmerican Security. In combining the integrity and synergy of two leading brands, we are ensuring the best opportunities for both our clients and our people. What makes us different is that we are not a private equity backed company that is in this for the short term. We are employee-owned and operated with all of our owners working full time in the business to ensure we make long term decisions for the betterment of our clients and our people. I am excited for what we will be able to achieve together, and with the growth of PalAmerican, we will continue to hold ourselves to the highest standard to motivate our people and continue down the path of constant and never ending improvement.”
Don MacAlister, COO of Paladin Security and PalAmerican Security added, “PalAmerican will offer specialized services and security programs that are unique within the U.S. security market. Our clients will literally have the industry’s foremost security experts in North America at their disposal and we are confident that it will change the face of the security industry.”
Robert Buchanan, president, PalAmerican Security (formerly president and CEO of Criterion) said, “As owners of Criterion Security, we are honoured that Paladin Security, the premier security company in Canada, has selected us as their American partners. The merger of these two security companies has resulted in the best security platform in the U.S., PalAmerican Security. Through combined best practices, PalAmerican will enhance opportunities for employees and resources for our valued clients nation-wide.”
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