Tag: AlliedBarton

CONSHOHOCKEN, Pa. and SANTA ANA, Calif.—With the Aug. 1 closing of the $4.5 billion AlliedBarton/Universal Services of America deal, CEO Steve Jones is turning to his next task: ensuring that Allied Universal offers security technology in every market where the company has a presence.As Jones pointed out to Security Systems News, that's a lot of markets; Allied Universal is now the largest security manguarding company in North America with a footprint that includes “every major market...

NEW YORK—Blackstone, a private equity firm based here, recently announced the $1.67 billion sale of security guard company AlliedBarton to Wendel, a Paris-based private equity group. AlliedBarton is now looking at acquisitions, Robert Perry, president and CEO of Robert H. Perry and Associates, told Security Systems News.Perry said the deal will impact the entire industry. “I think it's very positive for the industry … I think it's going to attract a lot more investors to the industry...

NEW YORK—Blackstone, a private equity firm based here, today announced the $1.67 billion sale of security guard company AlliedBarton to Wendel, a Paris-based private equity group.Blackstone, which owns Vivint, first discussed selling AlliedBarton in March. The estimated value of the company was then $1.5 billion. The deal is expected to be closed in the third quarter of this year.“We are very excited to join Wendel,” Bill Whitmore, chairman and CEO of AlliedBarton, said in a prepared...

The Blackstone Group, which bought home security giant Vivint for $2 billion in 2012 is reportedly exploring the sale of security guard company AlliedBarton, according to a report this week from Reuters. The report said the deal should be valued at about “$1.5 billion, including debt.” Blackstone has hired investment bank Credit Suisse Group AG to explore the sale, the report said. The report quoted an AlliedBarton spokeswoman saying that it's “the right time for a new private equity...

LOWELL, Mass.—Viewpoint Monitoring, a video monitoring company with commercial accounts across North America, has seen positive early results with its “blended solution,” which involves a partnership with AlliedBarton, a security guard company traditionally viewed as a business rival.“We took our time and figured out how to do this properly, because it's a fairly delicate partnership in that the world sees us as competitors, and in some sense we are,” Brad Gordon, CEO...