SANTA ANA, Calif. — Allied Universal, announces the acquisition of SecurAmerica, a privately held, Atlanta-based security company with 49 offices located throughout the United States. Terms of the deal were not disclosed.
SecurAmerica was founded by Frank Argenbright, a Georgia entrepreneur who, over the past 40 years, has built both security and facilities management companies with operations around the world, beginning with Argenbright Security in 1979, according to an announcement.
In 2005, Argenbright launched SecurAmerica with the goal of becoming the first US-based, privately held security company to compete globally, the announcement continues.
His company now operates in over 100 markets with revenues exceeding $467 million and more than 13,500 employees.
“I have personally known Frank for over 20 years,” says Steve Jones, Chairman & CEO of Allied Universal. “He has accomplished so much in the security industry and to have an opportunity to bring SecurAmerica into Allied Universal is a huge personal achievement and a major strategic goal for the organization. SecurAmerica is a demonstrated leader in the security industry and their people and culture will fit perfectly into Allied Universal and our long-term organizational plans.”
“SecurAmerica experienced great growth since the company’s inception in 2005,” says Argenbright. “SecurAmerica looks forward to partnering with Steve Jones and his team. It is my belief that becoming part of an organization with the scale, technology focus and depth of service that Allied Universal offers will afford SecurAmerica enhanced opportunities for success in the future.”
In December, Allied acquired G4S for $5.1 billion after its initial takeover bid was rebuffed in November.
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