Allied Universal Acquires Cypress Private Security
Allied Universal, a security and facility services company ranked no. 56 on the SDM 100, announced the acquisition of Cypress Private Security LP, a San Francisco-based company offering comprehensive security services. Terms of the deal were not disclosed.
“Cypress Private Security is a company that we have long admired and always wanted to partner with,” said Steve Jones, CEO of Allied Universal. “This company has built a brand and a culture through outstanding employee and client relationships. I am honored to have Cypress Private Security be part of the Allied Universal family.”
With revenues in excess of $40 million and more than 1,300 employees, Cypress Private Security has been providing a full range of security solutions encompassing armed and unarmed uniformed officers, mobile patrols, loss prevention programs and emergency security consulting since 1996. Headquartered in San Francisco, Calif., Cypress Private Security has offices in Oakland, Calif.; Santa Fe Springs, Calif.; Modesto, Calif.; Los Angeles, Calif.; San Jose, Calif.; Seattle, Wash.; and Las Vegas, Nev. The company’s COO, Jonas Tegnerud, will be joining Allied Universal as director of operations in the Northwest region.
“We are excited about this opportunity for our employees to become an integral part of Allied Universal — one of the largest security companies in the country,” said Kes Narbutas, CEO of Cypress Private Security. “We offer a heartfelt thank you to our dedicated employees who provided first class service to our loyal clients for so many years.”
Cypress Private Security was represented by Bob Perry with Robert H. Perry & Associates Inc. in the transaction.