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Tuesday, Mar 17, 2026
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Allied Universal Buys SF Security Firm

Santa Ana’s Allied Universal, the biggest private security firm in the U.S., today said it acquired a San Francisco-based firm with more than $40 million in annual sales and 1,300 employees.

Cypress Private Security LP provides armed and unarmed uniformed officers, mobile patrols, loss prevention programs and emergency security consulting. Terms weren’t disclosed.

Chief Operating Officer Jonas Tegnerud will be joining Allied Universal as director of operations in the Northwest region.

Cypress Private Security was represented by Bob Perry with Robert H. Perry & Associates Inc. in the transaction.

Allied Universal Chief Executive Steve Jones has built the company to 215,000 employees and revenue of more than $7.3 billion.

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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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