Allied Universal to Acquire SOS Security Services From Private Equity Firm
Edward Silverman, CEO and founder of SOS Security, will serve as co-chairman of the executive committee and an advisor to the board of directors.
SANTA ANA, Calif. — Allied Universal announces the signing of a definitive agreement to merge with SOS Security Services, a global provider of manned guarding and other security services.
Terms of the transaction were not disclosed.
Following the merger, Edward Silverman, CEO and founder of SOS Security, will serve as co-chairman of the executive committee and an advisor to the board of directors, bringing his vision of scalable boutique security service to Allied Universal, according to the announcement.
“I am thrilled to welcome Edward Silverman — one of the most highly regarded leaders of the security industry — and the SOS Security team to the Allied Universal family,” states Steve Jones, CEO of Allied Universal. “Like Allied Universal, SOS Security has built a renowned and respected brand of security services. Now, working together, we will be able to combine the best of both brands to elevate security services, the breadth and reach of capabilities and opportunity to provide new security solutions.”
Established in 1969, SOS Security brings a complementary and scalable approach to security services to Allied Universal, according to the announcement. With offices in five countries, SOS Security’s 15,000 employees work around the world providing safety, security, executive protection, intelligence, consultancy and advisory services.
In 2018, SOS Security personnel performed more than 2,000 assignments in over 100 countries through its subsidiary, AS Solution. The company has among the highest retention rates in the industry with respect to customers and security personnel, the announcement states.
The joining of Allied Universal and SOS Security establishes the company as a differentiated service provider in the global security industry, the announcement states. Following completion of the acquisition, Allied Universal will employ a combined staff of more than 230,000 security professionals.
“Delivering personalized services, whether operating under a billion [dollars] or at $10 billion, has always been my mission,” says Silverman. “As part of Allied Universal, and with shared values and purpose, we have a remarkable opportunity to bring specialized security services that reflect client priorities and attract the best resources and strategic partners to the industry.”
SOS Security Services, headquartered in Parsippany, N.J., is owned by Wendel, one of Europe’s leading listed investment firms. The company has market cap of $6 billion.
If you enjoyed this article and want to receive more valuable industry content like this, click here to sign up for our FREE digital newsletters!
Security Is Our Business, Too
For professionals who recommend, buy and install all types of electronic security equipment, a free subscription to Security Sales & Integration is like having a consultant on call. You’ll find an ideal balance of technology and business coverage, with installation tips and techniques for products and updates on how to add sales to your bottom line.
A free subscription to the #1 resource for the residential and commercial security industry will prove to be invaluable. Subscribe today!
Allied Universal I think offers great career opportunities. They are very strong having stability to offer someone a better future. I’m looking forward to someday maybe being part of their team. Jackie.
I have to be honest. Both Sos Security, and Allied Universal security are horrible companies to work for. Allied universal low balls the crap out of everything they touch. Jobs that should be paying 20 per hour. Drop to minimum wage. Allied universal security wants you to have 10 years military experience just to do armed security at 15 per hour. They cheat the employees out of pay working at Choc hospital. When I was there. Pay was only $12. It would go down to $10.50 for mandatory training. It’s a hospital. You see some and deal with a lot of challengeing situations. It made no sense that you could make more working in fast food. Sos security was a joke. Our supervisor lost an account due to severe negligence. He wouldn’t do his job. Kept hiring guards that would either sleep standing up, clean their firearm in front if staff in the break rooms, play with butterfly knifes on the sales floor. Take personal calls, and not doing their jobs. I worked with a guy that kept begging me for money, along with sales staff. The team of 2 others I worked with. No matter how many times we told the supervisor that he needs to come address the problems at the site. He simply refused to go down there. His excuse was the site is just to far for him to drive. I got stuck working 60 plus hours a week at the site. No matter how hard we tried. We couldn’t save the account. It definitely felt like he was doing everything in his power to sabotage the site. We all had no choice but to switch to the other company that took over.
My name is gloria Millings a while back i did apply to sos and allied universal today i am working for allied universal at pace university it is a great privilege because these both company is one of the largest in this country i always wanted to work for these company now i am.
I agree with all the comments. Allied Universal is a good company, currently working with them in Portland OR, first few days are like amazing, but the dramas between the employee with manager and client is stupid. All employee backstabbing each other and they go to client instead to there manager.
Even there own administrative personnel here job is to make sure every single paper are filed properly. She also go behind the Account manager to client and talk shit.
I work for allied Universal and it all depends on your account manager, because some are smart and the other was ignorant
Working for allied universal for 11 years at the ferry in staten island ny looking to make a move to
Sacramento California in2022of August
We can use some more great dependable officers here in the Sacramento area
When will pre Allied, SOS personnel, who were just transferred from Cambridge Security, find out if they are keeping their jobs? Will anyone be safe? s/o Mack (NYC)