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| The new organisation is the largest security services company in North America |
AlliedBarton Security Services and Universal Services of America have finalised the merger to form Allied Universal, a security services and solutions company. The new organisation, with more than 140,000 employees, is the largest security services company in North America.
Allied Universal will maintain headquarters in Santa Ana, California, and Conshohocken, Pennsylvania, and is expected to have annual revenues of approximately $4.5 billion.
Serving, securing and caring
Allied Universal provides service, systems and solutions to serve, secure and care for the people and businesses of our communities. A commitment to understanding clients' needs and aligning solutions with their goals will position Allied Universal as a resource for clients and integral element of their operations. Allied Universal's new tag line – There for you. – is representative of this deep client commitment and also the organisation's dedication to creating better environments for clients' stakeholders and every community where Allied Universal operates.
Shared commitment
"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."
"The growth of this industry and the expanding need for safer and more secure environments in response to emerging threats is tremendous," said Bill Whitmore, Chairman of the Board, Allied Universal. "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."
"Allied Universal is poised to make an even more significant contribution to the advancement of the security and facility services industries," Jones added. Jones had served as CEO of Universal Services of America and Whitmore had served as CEO of AlliedBarton.
Additional service lines
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, commented, "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, commented, "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."
