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Allied Universal Makes 3 More Buys

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Santa Ana-based Allied Universal, the world’s biggest private security firm, announced three more acquisitions.

The largest of the three companies, International Protective Service Agency, is based in New York City where its 350 employees provide security and event services in the area.

“I’m excited to welcome the IPSA employees to the Allied Universal team,” Global Chairman and CEO Steve Jones said in a statement. “With a shared focus on customer service and integrated security solutions, I look forward to a seamless transition.”

The other two companies are CQB Beveiliging B.V., which provides patrol and response services in the Netherlands, and Kronjyllands Vagtservice A/S, a local patrol and response business in Denmark.

During the first half of 2022, Allied Universal announced seven acquisitions – three in North America and four internationally. In 2021, Allied Universal acquired 10 companies, including G4S, which helped the company more than double in size to 800,000 employees and a $20 billion annual run rate in revenue.

 

 

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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