Bidding War for G4S Takeover Comes to a Close
February 2021 saw a bidding war for G4S between Allied Universal and GardaWorld come to a close. Allied’s bid of GBP 3.8 bn at 245 pence per share, backed by private equity firm Warburg Pincus and Canadian pension fund Caisse de Depot et Placement du Quebec, won the auction as GardaWorld did not increase its offer of 235 pence per share. G4S’ board has supported Allied’s bid and has made a recommendation for its shareholders to vote to accept the acquisition. The merger is set to result in a private security services Goliath with worldwide reach.
Leading Security Guard Companies Looking To Buy Each Other
UK’s G4S, U.S.’s Allied Universal, and Canada’s GardaWorld are all in negotiations to buy one another. In the estimated US$244-billion global human security guard market, Allied Universal’s approximate US$4-billion acquisition of G4S is being rejected as “inadequate.” Allied Universal on Oct. 28 tabled a ?highly conditional indicative offer? of at least 210 pence per share, subject to due diligence.
Security Guard Catches Child from Burning Apartment Building
An off-duty Allied Universal security guard, Phillip Blanks, caught a three-year-old child who was dropped from a burning apartment in Phoenix last week. As smoke and flames engulfed the apartment, Blanks saw what was happening and ran towards the building. Cellphone video shows Blanks running toward the building, where the third story apartment was engulfed. A woman believed to be the child?s mother desperately dropped him off the third-floor balcony.
AMAG Technology Welcomes Chris Meiter as Vice President, Global Business Development Video Solutions
AMAG Technology announce the appointment of Chris Meiter as AMAG Technology’s Vice President of Global Business Development for Video Solutions. This new role underscores the organization’s continued expansion support to its entire technology suite. Chris Meiter comes from Salient Systems, which is a decade-long strategic video partner of AMAG Technology.
AMAG Technology™ Introduces Financial Services Program Empowering Channel Partners with Leasing Alternatives
AMAG Technology™ announces the launch of AMAG Technology Financial Services, a groundbreaking initiative designed to provide channel partners with flexible leasing alternatives for their customers. This program offers a strategic resource for channel partners, allowing them to offer customers the choice between purchasing products and services outright or leasing them for an agreed-upon term.
WeSuite Delivers Mobile Selling at Its Best with Enhancements to Its QuoteAnywhere Web-Based Platform
WeSuite will introduce a new Business Forms Module and email-based automated approval of presale estimates at ISC West in Las Vegas, April 10-12, 2024. Both features will be available to users of WeSuite’s web-based platform, QuoteAnywhere, without the need for configuration or management via WeEstimate software. As WeSuite continues to invest in its QuoteAnywhere solution, these features are two of many that will make it the most robust, stand-alone web-based quoting tool for security professionals.
Security-Net Welcomes Louis Boulgarides from Ollivier Managed Security
Security-Net introduce its newest member, Louis Boulgarides from Ollivier Managed Security based in Los Angeles. This addition expands Security-Nets reach on the West Coast and brings its membership total up to 18 security integration company partners in North America. Boulgarides brings to Security-Net a diverse and extensive career in the security industry.
AMAG Technology Welcomes Ann Marie Mansfield as Director, Commercial Excellence
AMAG Technology announces the hiring of Ann Marie Mansfield as the new Director, Commercial Excellence. The Director, Commercial Excellence is a newly created role designed to develop internal and external programs, lead generation opportunities, and tools to make it easy to do business with AMAG Technology. This strategic move reflects AMAG’s commitment to effectively deliver integrated solutions and enhance its customer-focused approach.
Physical Security a Top Priority for Campus Security
Campus life, whether elementary, high school, college, or corporate are intended to be secure places where people can learn, grow, and work. Campuses around the world, nevertheless, have seen violent incidents and threats, and it seems to be increasing in recent years. As a result, Campuses must prioritize physical security measures to guarantee the security of their instructors, staff, students, and visitors.
Security Sector Welcomes Cruising?s Return & Seeks to Hire 300 Security Pro?s in Ft. Lauderdale
Carnival Cruise Lines welcomes Mardi Gras, its first ship powered by liquid natural gas, to Port Canaveral this Friday morning, every business sector that supports the cruise industry, as well as eager passengers, welcome the resumption of cruising in the United States this summer. Celebrity Cruises will offer the first cruise ship conducting passenger operations since the shut-down, with Celebrity EDGE set to sail on June 26th 2021 from Port Everglades.
Sage Integration Names Jim Geyer Vice President of Sales
Sage Integration has named industry veteran Jim Geyer as its new vice president of sales. Geyer will lead an expanding sales team as Sage continues to grow its national footprint protecting clients? people, facilities and reputations with innovative, on-the-ground support. With Geyer?s 22 years of security industry experience, the Sage executive team saw a leader who offered tactical sales abilities while also demonstrating broader strategic knowledge.
The New Age of Safety and Security
With the advent of the pandemic and societal unrest, today?s government agencies are faced with evolving threats like never before. The pandemic, which has created higher unemployment rates and civil unrest across the nation, has created the ?perfect storm? for increased crime. The Wall Street Journal reported that in a survey of municipal budget officers, the average municipality tax revenue has declined 11% year over year. How can today?s agencies ensure the protection of their employees and their property in times of heightened security needs in a financially feasible way?
Redefining Corporate Protection With The Fusion of Human Security Expertise And Robotics
In recent years, the security industry has undergone a significant transformation. It has begun to blend automated security systems with professionally trained security personnel to provide comprehensive protection for companies and their employees. The COVID-19 pandemic exacerbated the transition and forced a shift towards remote work and reduced headcounts—bringing the need for cost-effective security solutions to enhance human surveillance.
IFSEC Global Influencers in Security & Fire Selects Ray O?Hara as Top Security Executive
Allied Universal announce that company leader, Ray O?Hara, CPP, EVP Executive Protection and Intelligence Services, was selected as a top security executive by IFSEC Global Influencers in Security & Fire 2022. IFSEC Global is the pre-eminent news source for security and fire safety, with a trusted reputation and a global footprint. It covers developments from across the industries, from long-established physical technologies like video surveillance, access control, intruder/fire alarms and guarding, to emerging innovations in cyber security, drones, smart buildings, home automation, the internet of things and much more.