AlliedBarton Merges With Universal Services of America, Forms Allied Universal
August 29, 2016
AlliedBarton Security Services and Universal Services of America finalized the merger to form Allied Universal, a security services and solutions company. The new organization, with more than 140,000 employees, is the largest security services company in North America, the company reported.
Allied Universal will maintain headquarters in Santa Ana, Calif., and Conshohocken, Pa., and expects to have annual revenues of approximately $4.5 billion.
The company provides service, systems and solutions to serve, secure and care for the people and businesses. Allied Universal’s new tagline — There for you. — is representative of its client commitment and also the organization’s dedication to creating better environments for clients’ stakeholders and every community where Allied Universal operates, according to a press release.
“Allied Universal brings together two industry leaders, and combines best practices, leadership and expertise to provide even greater support to our clients and employees,” said Steve Jones, CEO, Allied Universal. “Our shared commitment to the success of our clients and the development of lasting partnerships has created a seamless melding of purpose and cultures.”
Bill Whitmore, chairman of the board, Allied Universal, said, “The growth of this industry and the expanding need for safer and more secure environments in response to emerging threats is tremendous. Through the continuous evolution of our business, we are positioned to help our clients succeed. Allied Universal combines high quality people and technology to deliver customized solutions to meet clients’ specific needs.”
Jones said, “Allied Universal is poised to make an even more significant contribution to the advancement of the security and facility services industries.”
Along with Allied Universal Security Services, additional service lines include Allied Universal Security Systems, Allied Universal Janitorial Services and Allied Universal Staffing Services.
Warburg Pincus and Wendel will be lead investors in Allied Universal with equal voting rights and board representation; Partners Group and members of management will also have ownership interests in the combined company. The majority of the integration is expected to be completed by the end of first quarter 2017.
David Darmon, managing director and CEO of Wendel North America, said, “We see a very compelling opportunity in the creation of Allied Universal. Two best-in-class companies, distinguished by strong leadership talent, have been combined to provide unmatched service and support to their clients and advance the security industry.”
Chandler Joel Reedy, managing director of Warburg Pincus, said, “We are excited to bring together two best-in-class management teams distinguished by strong leadership talent and proven track records. We look forward to our continued partnership with management to support the growth of the business.”