AlliedBarton, Universal Services of America to Merge as AlliedUniversal
Universal Services CEO Steve Jones will take over as CEO of the new security company.
The transaction, which is expected to be completed in the third quarter of 2016, will offer the companies’ clients localized response with national support and roughly 140,000 trained security officers.
The combined company will operate under the AlliedUniversal brand with current Universal Services CEO Steve Jones serving as CEO and AlliedBarton CEO Bill Whitmore serving as chairman of the board. The new company is expected to have total annual revenue of $4.5 billion, according to its press release.
“We expect to deliver tremendous value to our clients through access to Universal’s portfolio of technology-based security solutions,” AlliedBarton’s Whitmore says.
Other M&A News: Convergint Technologies Acquires Total Recall Corp.
AlliedBarton currently provides customizable security services to a diversified group of clients, including institutions in the education and healthcare sectors. Universal Services of America provides traditional manned security solutions and digital security technology safety services along with safety and emergency preparation services.
Warburg Pincus and Wendel will be lead investors in the combined entity with equal voting rights and Board representation; Partners Group and members of management will also have ownership interests in the combined company.
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