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AlliedBarton

Vivint owners sell guard company for $1.67 billion

Blackstone sells Allied Barton to French PE group
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07/08/2015

NEW YORK—Blackstone, a private equity firm based here, recently announced the $1.67 billion sale of security guard company AlliedBarton to Wendel, a Paris-based private equity group. AlliedBarton is now looking at acquisitions, Robert Perry, president and CEO of Robert H. Perry and associates, told Security Systems News.

Vivint owners sell AlliedBarton for $1.67 billion

 - 
06/30/2015

NEW YORK—Blackstone, a private equity firm based here, today announced the $1.67 billion sale of security guard company AlliedBarton to Wendel, a Paris-based private equity group.

Vivint owners mull sale of security guard company

 - 
Wednesday, March 11, 2015

The Blackstone Group, which bought home security giant Vivint for $2 billion in 2012 is reportedly exploring the sale of security guard company AlliedBarton, according to a report this week from Reuters.

The report said the deal should be valued at about “$1.5 billion, including debt.”

Blackstone has hired investment bank Credit Suisse Group AG to explore the sale, the report said.

The report quoted an AlliedBarton spokeswoman saying that it’s “the right time for a new private equity sponsor.”

That timing seems right or even a little overdue as PE generally holds a company for three to five years.

According the report, Blackstone has owned AlliedBarton for six years. Blackstone acquired AlliedBarton from Ronald Perelman’s MacAndrews & Forbes Holdings in 2008 for up to $750 million, Rueters said.

Rueters said AlliedBarton has EBITDA of  $150 million.

AlliedBarton, based in Conshohocken, Pa., has more than 55,000 employees and 120 offices.

Viewpoint, AlliedBarton team up on ‘blended solution’

One-time competitors work together to leverage technology and manpower
 - 
11/13/2013

LOWELL, Mass.—Viewpoint Monitoring, a video monitoring company with commercial accounts across North America, has seen positive early results with its “blended solution,” which involves a partnership with AlliedBarton, a security guard company traditionally viewed as a business rival.