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Wednesday, May 25, 2022

Allied Universal Buys Attenti Group

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Santa Ana-based Allied Universal, the world’s largest provider of private security guards, said it has acquired Attenti Group to expand electronic monitoring internationally.

Allied Universal will integrate Attenti Group with G4S Monitoring Technologies, to create Allied Universal Electronic Monitoring Services. The combined business has pro-forma 2021 revenues over $150m with operations in more than 35 countries.

“This acquisition gives Allied Universal Electronic Monitoring Services a global footprint and an established platform for continued growth in North America, which is the world’s largest opportunity for electronic monitoring,” Global Chairman and Chief Executive Steve Jones said in a statement.

Attenti, based in Tel Aviv, has programs to monitor alcoholics, elderly patients and recently released prisoners.

Closing, subject to customary regulatory approvals, is anticipated this year.

Allied Universal, which has annual sales around $19 billion, has more than 800,000 employees in 90 countries

Peter J. Brennan
Peter J. Brennan
Peter J. Brennan has been a journalist for 40 years. He spent a decade in Latin America covering wars, narcotic traffickers, earthquakes, and business. His resume includes 15 years at Bloomberg News where his headlines and articles sometimes moved the market caps of companies he covered by hundreds of millions of dollars. His articles have been published worldwide, including the New York Times and the Washington Post; he's appeared on CNN, CBC, BBC, and Bloomberg TV. He was awarded a Kiplinger Fellowship at The Ohio State University.

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