Apax-backed Garda World closes $110 mln buy of G4S Cash Solutions

Global security services company Garda World Security Corp has completed its acquisition of G4S Cash Solutions (Canada), the Toronto-based subsidiary of G4S International Holdings. The transaction, which was previously priced at $110 million, will see the operations and employees of G4S Cash Solutions form part of Garda World’s cash services platform. The Montréal-based Garda World was taken private for $1.1 billion by British private equity firm Apax Partners in partnership with Stephan Cretier, the company’s chairman and CEO, in Nov. 2012.

PRESS RELEASE

GardaWorld Concludes the Acquisition of G4S Cash Solutions (Canada)

MONTREAL, QUEBEC–(Marketwired – Jan 17, 2014) – Garda World Security Corporation (“GardaWorld”), the largest privately owned security services company in the world, has announced today the conclusion of the G4S Cash Solutions (Canada) acquisition.

As part of the acquisition, approximately 2,400 G4S Cash Solutions employees across Canada will join GardaWorld Cash Services.

About GardaWorld

Garda World Security Corporation (GardaWorld) provides business solutions and security services around the world. Our 45,000 highly trained, dedicated professionals serve clients throughout North America, Latin America, Europe, Africa, Asia and the Middle East. GardaWorld works across a broad range of sectors, including natural resources, retail, construction, telecommunications and manufacturing, and on behalf of Fortune 500 companies, governments, NGOs and humanitarian relief organizations. For more information, visit www.garda.com.

Contact:
Nathalie de Champlain, Vice President Communications
Isabelle Panelli, Corporate Affairs Advisor
1 800 859 1599 x2700
media@garda.com

Photo courtesy of Shutterstock