Southfield Capital Builds Security Platform

Southfield Capital Builds Security Platform

Protos Security, a provider of security guard services and a portfolio company of Southfield Capital since February 2019, has acquired Security Resources (SRI). SRI provides security services through a combination of internally managed guards and a network of security guard companies, at locations anywhere in the US, Canada and Puerto Rico. The company’s customers include […]

CDPQ Buys Stake in Allied Universal

CDPQ Buys Stake in Allied Universal

Paris-based private equity firm Wendel has agreed to sell approximately 40% of its equity stake, along with other existing shareholders, in Allied Universal, one of the largest providers of security services in North America, to Caisse de dépôt et placement du Québec (CDPQ). This transaction places an enterprise value of $7 billion on Allied Universal. […]

Allied Universal Buys USSA from Goldman

Allied Universal Buys USSA from Goldman

Allied Universal, a portfolio company of Warburg Pincus, Wendel Group, and Partners Group, has agreed to acquire US Security Associates (USSA), a portfolio company of Goldman Sachs Merchant Banking, for approximately $1 billion. USSA provides unarmed and armed uniformed security services, consulting and investigative services including asset tracing; business intelligence and due diligence; digital forensics; […]

Altamont Sells OMNIPLEX to Apollo

Altamont Sells OMNIPLEX to Apollo

Altamont Capital Partners has agreed to sell its portfolio company OMNIPLEX World Services to Constellis, a portfolio company of Apollo Global Management. Altamont acquired Omniplex in December 2012. Omniplex is a provider of background investigations and physical security to the government, civil agencies, and commercial clients. The company, founded in 1990, has approximately 2,100 employees […]

Apax Completes Sale of Garda

Apax Completes Sale of Garda

Apax Partners has completed its sale of Garda World Security, one of the world’s largest privately owned security and cash services providers, to Rhone Capital, Stephan Crétier (Founder, Chairman and Chief Executive Officer) and other members of the senior management team. In November 2012 Apax acquired the company at an enterprise value of C$1.1 billion. […]

Apax Exits GardaWorld Security

Apax Exits GardaWorld Security

Rhone Capital and members of the senior management team of GardaWorld have agreed to acquire the company from Apax Partners. In September 2012 Apax, along with senior members of the company’s management team, acquired the company for C$1.1 billion in cash, including assumed debt. Upon closing of the transaction, Apax will no longer own shares […]

KRG Adds-On Again to Convergint

KRG Adds-On Again to Convergint

Convergint Technologies, a portfolio company of KRG Capital Partners, has acquired Corporate Security Services (CSS). KRG acquired Convergint Technologies in August 2012 and the buy of CSS is Convergint’s fifth transaction of 2016. CSS serves customers in the New York, New Jersey, and Philadelphia areas. The company’s security services include equipment maintenance, consulting, and engineering […]

Blackstone to Sell AlliedBarton to Wendel

Blackstone to Sell AlliedBarton to Wendel

Blackstone has agreed to sell its portfolio company AlliedBarton to Wendel SE for approximately $1.7 billion.   The sale of AlliedBarton was initiated by Blackstone in March 2015 and according to reports at that time Blackstone was looking to receive $1.5 billion in enterprise value for the company. Blackstone acquired AlliedBarton in 2008. AlliedBarton generated revenues […]

KRG Acquires Beacon Security

KRG Acquires Beacon Security

Convergint Technologies, a portfolio company of KRG Capital Partners, has acquired UK-based Beacon Security and Communications. Beacon is a security services provider serving global Fortune 500 companies. Services include system design, integration, support, and training. The company has approximately 50 employees and was founded in 1994.  Beacon is headquartered south of London in Crowborough, UK […]