Guarda acquires McKinnon
MONTREAL—In a deal that will help it take advantage of the expansion of mining in the province of Quebec, Guarda Security Solutions on July 13 announced the acquisition of McKinnon Services.
Guarda Security Solutions is the Canadian subsidiary of Guarda World Security, one of the world’s largest guarding companies with $1.2 billion in revenue and 45,000 employees. Guarda is based here and also provides investigation and consulting services, cash logistics and risk management services. Mining is one of the vertical markets the company is involved with, Joe Gavigan, spokesman for Guarda, told Security Systems News.
“We provide services to the mining industry in Canada as well as South America [and elsewhere, including the Middle East],” Gavigan said.
Privately held McKinnon is an $18 million, 1,500-employee provider of guard services to the mining industry. The company is also based here.
Mining expertise is important here because of Plan Nord, “a very large campaign that the [Canadian] government is making to develop national resources in northern Quebec,” Gavigan said.
Terms of the deal were not released, but a Guarda statement said “the transaction is expected to have an immediate positive impact on financial results.”
“We will integrate this acquisition into our existing security platform to strengthen and extend our services in accordance with Quebec's Plan Nord proposal to develop the province's natural resources,” Marc-Andre Aube, COO of Garda Security Solutions Canada, said in the statement.