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Allied Universal Holder Completes Sale

A shareholder in Santa Ana’s Allied Universal, the largest North American security firm, said it completed its sale of a majority stake.

Wendel SE, a French-based investor, said it sold 79% of its total investment in Allied Universal, generating net cash proceeds of $721 million.

It sold the stake to Caisse de dépôt et placement du Québec (CDPQ), Canada’s second largest pension fund, and a new investment group led by Warburg Pincus and an affiliate of the J. Safra Group. The deal was originally announced in February.

Wendel said it will retain 6% of Allied Universal, whose CEO is Steve Jones.

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Peter J. Brennan
Peter J. Brennan
With four decades of experience in journalism, Peter J. Brennan has built a career that spans diverse news topics and global coverage. From reporting on wars, narcotics trafficking, and natural disasters to analyzing business and financial markets, Peter’s work reflects a commitment to impactful storytelling. Peter’s association with the Orange County Business Journal began in 1997, where he worked until 2000 before moving to Bloomberg News. During his 15 years at Bloomberg, his reporting often influenced financial markets, with headlines and articles moving the market caps of major companies by hundreds of millions of dollars. In 2017, Peter returned to the Orange County Business Journal as Financial Editor, bringing his heavy business industry expertise. Over the years, he advanced to Executive Editor and, in 2024, was named Editor-in-Chief. Peter’s work has been featured in prestigious publications such as The New York Times and The Washington Post, and he has appeared on CNN, CBC, BBC, and Bloomberg TV. A Kiplinger Fellowship recipient at The Ohio State University, he leads the Business Journal with a dedication to uncovering stories that matter and shaping the local business community and beyond.
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