Allied Universal Acquires Securadyne to Build Out Integration Platform
Securadyne Systems will become the technology service platform upon which Allied Universal will provide global systems integration capabilities.
The transaction is expected to close on April 15. The deal, for undisclosed terms, will give Allied Universal an integration platform to provide technology-enabled security solutions on a global scale, according to an announcement.
Founded by CEO Carey Boethel in 2011 in partnership with Pamlico Capital, Securadyne Systems specializes in integrated security solutions by offering security consulting, design, engineering and installation. Boethel is a member of SSI’s Editorial Advisory Board.
With revenues in excess of $73 million and more than 300 employees, Securadyne has a branch network of more than 17 locations across the United States.
“Our new acquisition of Securadyne Systems supports our long-term strategy to become the leader in the security technology market,” says Steve Jones, CEO, Allied Universal. “As security needs change and evolve, Allied Universal will offer clients cutting-edge technology and service that will help make their security programs more effective and efficient to better protect their employees and assets.”
Following the completion of the transaction, Securadyne Systems will become the technology service platform upon which Allied Universal will build out global systems integration capabilities, according to the announcement.
The new tech platform will be rebranded as Allied Universal Technology Services, which will be headquartered in Dallas. The Securadyne team will be joining Allied Universal under Allied Universal Technology Services.
Boethel will become president of the combined enterprises under the direction of Jones. Ty Richmond, who formally oversaw Allied Universal Security Systems, will now be responsible for Risk Advisory and Consulting Services and Allied Universal’s international business.
Allied Universal Technology Services will help clients mitigate risk with the ultimate goal to prevent incidents and protect people and assets. Most importantly, the announcement states, Allied Universal Technology Services’ all-inclusive service approach offers intelligent and seamless technology solutions from access control and video surveillance to threat monitoring services and artificial intelligence (AI)-driven security management tools to installation and service.
Allied Universal Technology Services will offer clients electronic access control, video surveillance, fire/life safety, alarm monitoring, emergency communications, technological threat management and response, and other smart tech innovative solutions. These will include an array of hosted/managed services via Allied’s Monitoring and Response Center (MaRC), and the Global Security Operating Center (GSOC-as-a-Service), according to the announcement.
“During our acquisition integration planning, I have witnessed first-hand not only the strong culture fit, but also the compelling growth synergies that exist between our two organizations,” says Boethel. “In addition to our systems integration platform, we are excited to now offer our clients a comprehensive approach to security to include security guarding, consulting and investigations, executive protection, alarm monitoring and a broad array remote technology services.”
Once the acquisition is completed, Allied Universal Technology Services will employ over 500 employees with 27 locations.
Advisors to Allied Universal for this transaction included Ernst & Young (EY) and Sheppard Mullin. Raymond James and Alston & Bird represented Securadyne Systems on the deal.
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