GardaWorld

GardaWorld Announces Security Services Executive Appointments

GardaWorld announce the appointment of Prentice Robertson to the position of President and Chief Operating Officer of U.S. Security Services, and Jean-Luc Meunier to the position of President and Chief Operating Officer, Security Services Canada. Prentice Robertson joined GardaWorld in 2019 as Chief Operating Officer, Security Services, U.S. His mandate was to consolidate the Whelan Security and United American Security brands to form and lead GardaWorld’s U.S. security services business unit.

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.