60.8 F
Laguna Hills
Wednesday, Jun 12, 2024
-Advertisement-

Allied Universal Buys Phoenix Security Firm

Santa Ana-based security and facility services giant Allied Universal bought Phoenix-based Shetler Security Services on undisclosed terms.

Shetler provides armed, unarmed and patrol security for clients including U.S. financial institutions; it has annual revenue of more than $22 million, 525 employees, and operations in eight western and Midwest states.

Allied Chief Executive Steve Jones said in a statement the deal fits its aim to add “exceptional security professionals and valuable resources in local markets around the country.”

Jones has built Allied Universal from $12 million in annual revenue in 1996 to $7.3 billion currently via acquisitions and organic growth that has boosted its headcount to 210,000; it’s likely to eventually be a public company.

Want more from the best local business newspaper in the country?

Sign-up for our FREE Daily eNews update to get the latest Orange County news delivered right to your inbox!

Previous article
Next article
Kevin Costelloe
Kevin Costelloe
Tech reporter at Orange County Business Journal
-Advertisement-

Featured Articles

-Advertisement-
-Advertisement-
-Advertisement-
-Advertisement-

Related Articles

-Advertisement-
-Advertisement-