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Friday, Dec 9, 2022
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Allied Universal Makes 2 Acquisitions

Santa Ana-based Allied Universal, the nation’s biggest private security firm, announced it has made two more acquisitions.

Atlanta-based SecurAmerica has 49 offices, 13,500 employees and $467 million in annual sales. It was founded by Frank Argenbright, whose company operates in over 100 markets.

“I have personally known Frank for over 20 years,” Allied Chief Executive Steve Jones said in a statement. “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.”

Allied also said it acquired Waco, Texas-based Eagle Systems Inc., which has 210 security officers and revenue topping $10 million.

Allied Universal, which has 265,000 employees and $9.5 billion in annual sales, is in the process of acquiring London-based G4S for $5.1 billion. It would become the world’s seventh-biggest private employer with 750,000 employees and revenue topping $18 billion.

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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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