Allied Universal, the renowned global security and facility services company, continues its strategic growth with the acquisition of Attenti Group, one of the world’s renowned electronic monitoring companies.
Allied Universal will integrate Attenti Group with G4S Monitoring Technologies, to create Allied Universal Electronic Monitoring Services. The combined business has pro-forma 2021 revenues over US$ 150 million, with operations in more than 35 countries, and will establish Allied Universal Electronic Monitoring Services, as a global market leader in electronic monitoring solutions.
Acquisition of Attenti Group
Steve Jones, the Global Chairman and Chief Executive Officer (CEO) of Allied Universal, said “The purchase of Attenti Group aligns perfectly with our long-term strategic growth plan of investing in our international business through the acquisition of high-quality global companies.”
Steve Jones adds, “This acquisition gives Allied Universal Electronic Monitoring Services a global footprint and an established platform for continued growth in North America, which is the world’s largest opportunity for electronic monitoring.”
Allied Universal Electronic Monitoring Services
The two companies have outstanding people and complementary market positions"
Ashley Almanza, the Executive Chairman of Allied Universal International, commented “G4S Monitoring Technologies and Attenti Group each have more than 25 years’ success in developing and delivering industry leading electronic monitoring technology and services.”
Ashley Almanza adds, “The two companies have outstanding people and complementary market positions, together with an extensive array of technology solutions. We believe that this combination will generate significant benefits for our customers and employees.”
Senior executives to lead the combined business
David Byrne, the Managing Director of G4S Monitoring Technologies will lead the combined business and Yoav Reisman, the Chief Executive Officer (CEO) of Attenti Group, will take up the role of Vice Chairman.
David Byrne stated, “We are tremendously excited by this combination and the opportunity to expand our geographic footprint and provide enhanced products and services to customers in the growing global market for electronic monitoring.”
Transaction details
Yoav Reisman stated, “We are excited to be joining the Allied Universal family. The combination of our businesses will deliver better innovation and outcomes for our customers as we enhance current products and develop new applications in electronic monitoring.”
A wholly-owned subsidiary of Allied Universal Services has entered into a definitive agreement with funds advised by Apax Partners, to acquire the Attenti Group. Closing is subject to customary conditions, including relevant regulatory approvals. It is anticipated that the closing of the transaction deal will occur during 2022.