Allied Universal has bought Source Security & Investigations, a Halifax-based provider of security services, including uniformed security professionals and technology solutions. No financial terms were released. Allied Universal, a U.S. facility and security services provider, said the acquisition will expand its presence in Canada. Allied Universal was formed in August through the merger of AlliedBarton Security Services and Universal Services of America. Private equity backers of the latter two companies, Warburg Pincus, Partners Group and Wendel SE, have stakes in the new business.
Allied Universal Purchases Canada’s Source Security & Investigations
SANTA ANA, Calif. and CONSHOHOCKEN, Pa., Nov. 8, 2016 /PRNewswire/ — Allied Universal, a leading facility services company and the largest security force in North America with over 150,000 employees, today has announced the purchase of Source Security & Investigations, based in Halifax, Nova Scotia. Terms of the deal were not disclosed.
“Source Security & Investigations is widely recognized as Canada’s leading security firm and it has grown through a unique model featuring outstanding systems and processes and a strong culture,” said Steve Jones, Allied Universal CEO. “Adding Source Security to our portfolio of companies greatly expands our Canadian presence, an area we look to continue future growth.”
Founded in 2002, Source Security is Canada’s leading security group with a range of innovative and cost-effective services and offices that span the country. The company provides uniformed security professionals and technological security solutions.
The company also offers VIP security, industrial and event security and private investigations in offices across eight provinces and 21 cities in Canada. The company services clients across multiple sectors including higher education, industrial, retail, hospitals, government transit hubs and auto ports.
“We are very excited about this merger because we will be able to provide more opportunity for our people as well as provide additional service offerings for our clients due to Allied Universal’s security technology offerings and largest security force in North America,” says Ron Lovett, President and Chief Support Officer, Source Security & Investigations Inc.
Learn more about Allied Universal’s service offerings at www.AUS.com.
About Allied Universal
Allied Universal, a leading facility services company and the largest security force in North America with over 150,000 employees, provides unparalleled security services and solutions. With headquarters in Santa Ana, Calif., and Conshohocken, Pa., Allied Universal combines people and technology to deliver evolving, tailored solutions that allow our clients to focus on their core business. An unrelenting focus on clients’ success creates partnerships rooted in quality and value, and is supported by experience gained from being in business for over 50 years. Through our people and leading services, systems and solutions…Allied Universal is there for you. For more information, please visit www.AUS.com.
Photo courtesy of Allied Universal