WENDEL: Allied Universal Acquires Securadyne Systems to Offer Highly Advanced Technology Solutions and Systems Integration Capabilities
Source: Nasdaq GlobeNewswire / 08 Apr 2019 12:50:29 America/New_York
Allied Universal Acquires Securadyne Systems to Offer Highly Advanced Technology Solutions and Systems Integration Capabilities
Wendel welcomes the definitive agreement signed by Allied Universal® to acquire Securadyne Systems, a security systems integration company based in Dallas, Texas with deal expected to close on April 15, 2019. This acquisition will combine a leading U.S. security services company with a technology solutions provider, which will serve as a platform for providing technology-enabled security solutions on a global scale. Terms of the deal were not disclosed.
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. 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.
As a result of this acquisition, Securadyne Systems will become the technology service platform upon which Allied Universal will build out global systems integration capabilities. This new tech platform will be rebranded as Allied Universal® Technology Services, which will be headquartered in Dallas, Texas. The Securadyne team will be joining Allied Universal under Allied Universal Technology Services. Boethel will become President of the new entity 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 the company's international business.
Allied Universal Technology Services, a highly advanced, comprehensive and integrated tech solution, will help clients mitigate risk with the ultimate goal to prevent incidents and protect people and assets. Most importantly, 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. This new tech service 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, including a broad array of hosted /managed services via Allied's Monitoring and Response Center (MaRC), and the Global Security Operating Center (GSOC-as-a-Service).
Once the acquisition is completed, Allied Universal Technology Services will employ over 500 employees with 27 locations and will be positioned as the fourth largest security systems integrator in the United States.
This transaction will contribute positively to Allied Universal's long-term value creation.
For more information: www.aus.com
2019 Annual General Meeting / Publication of NAV as of March 31, 2019, and Q1 trading update (pre-market release).
Q2 2019 / Publication of NAV as of June 30, 2019, and trading update (post-market release).
2019 Half-Year consolidated financial statements / Condensed Half-Year consolidated financial statements
(pre-market release) - No NAV publication.
2019 Investor Day / Publication of NAV of September 30, 2019, and Q3 2019 trading update (pre-market release).
Wendel is one of Europe's leading listed investment firms. The Group invests in Europe, North America and Africa in companies which are leaders in their field, such as Bureau Veritas, Cromology, Stahl, IHS, Constantia Flexibles, Allied Universal and Tsebo. Wendel plays an active role as a controlling or lead shareholder in these companies. We implement long-term development strategies, which involve boosting growth and margins of companies so as to enhance their leading market positions.
Wendel is listed on Eurolist by Euronext Paris.
Standard & Poor's ratings: Long-term: BBB, stable outlook - Short-term: A-2 since January 25, 2019
Moody's ratings: Long-term: Baa2, stable outlook - Short-term: P-2 since September 5, 2018
Wendel is the Founding Sponsor of Centre Pompidou-Metz. In recognition of its long-term patronage of the arts, Wendel received the distinction of "Grand Mécène de la Culture" in 2012.
For more information:
Follow us on Twitter @WendelGroupThis announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: WENDEL via Globenewswire