Allied Universal Snaps Up Cypress Private Security
With revenues in excess of $40 million and more than 1,300 employees, Cypress Private Security provides a full range guarding services.
With revenues in excess of $40 million and more than 1,300 employees, Cypress Private Security provides a full range guarding services.
First Alarm Security Services provides security solutions for industrial complexes, businesses, school districts, governments and healthcare facilities.
The transaction aligns with Allied Universal’s long-term growth strategy of acquiring scalable businesses with significant potential when combined with its platform, company CEO Steve Jones says.
The John J. Duffy Memorial Award is named for NCISS’ first president, John J. Duffy, co-founder of Per Mar Security Services.
The 1,900-employee firm is the 7th acquisition for Allied Universal since AlliedBarton Security Services and Universal Services of America combined in 2016.
A five percent growth is expected as economic activity accelerates, new businesses form.