Allied Universal expresses its interest as the battle between G4S and Garda heats up

Allied Universal expresses its interest as the battle between G4S and Garda heats up

On 9 October 2020, security company, G4S plc, announced that it had received an expression of interest from its US rival, Allied Universal Security Services LLC, regarding a possible offer for G4S.

Allied Universal is a security and facility services company with offices across the US, as well as in the UK, Canada and Mexico. Following a number of mergers over the years, the company has grown in size, its 2016 merger with Universal Services of America cementing its place as the largest security company in North America. Both G4S and Allied Universal are considered to be amongst the top 3 security companies in the world. Allied Universal’s largest backers include pension fund Caisse de Dépôt et Placement du Québec (CDPQ), private equity house, Warburg Pincus, and Brazilian bank, J Safra Group, all of whom invested in the company just last year. Part of CDPQ’s investment also included approximately £300 million primary capital to be used to pursue Allied Universal's growth strategy and to execute their pipeline of attractive M&A opportunities.

The possible offer comes as G4S is defending itself from a hostile offer from Canadian company, GardaWorld Securities, who made a firm offe

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