Tag: Wendel
Guard merger to produce $4.5b 'AlliedUniversal'
May 4, 2016Martha Entwistle
CONSHOHOCKEN, Pa. and SANTA ANA, Calif.—AlliedBarton Security Services and Universal Services of America on May 3 announced a plan to merge, creating AlliedUniversal, a guard company with $4.5 billion in revenues and 140,000 officers.AlliedUniversal is expected to realize “approximately $100 million in synergies,” according to the announcement.Asked about the synergies, Bob Perry, president of Robert H. Perry & Associates, a business consultant who specializes in the guarding industry,...
Vivint owners sell guard company for $1.67 billion
July 8, 2015Spencer Ives
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.Perry said the deal will impact the entire industry. “I think it's very positive for the industry … I think it's going to attract a lot more investors to the industry...
Vivint owners sell AlliedBarton for $1.67 billion
June 30, 2015SSN Staff
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.Blackstone, which owns Vivint, first discussed selling AlliedBarton in March. The estimated value of the company was then $1.5 billion. The deal is expected to be closed in the third quarter of this year.“We are very excited to join Wendel,” Bill Whitmore, chairman and CEO of AlliedBarton, said in a prepared...