Security Business

MAY 2019

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10 Security Business / / May 2019 SECURITY WATCH BY JOEL GRIFFIN, EDITOR, SECURITYINFOWATCH.COM Top Story Allied Universal Acquires Securadyne Systems Guard services giant sets its sights on the systems integration market Allied Universal, which has firmly established itself as the largest provider of guard services in North America, will now also become one of top security systems integration firms in the U.S. after its acquisition of super-regional integrator Securadyne Systems. Founded in 2011, Securadyne has 17 U.S. branch locations, with its headquarters in Dallas. The company boasts revenues in excess of $73 million and employs more than 300, and it has been honored multiple times as a fast-growing systems integrator as part of the Security Business Fast50. Steve Jones, CEO of Allied Universal, explains in an exclusive interview with SecurityInfoWatch that Allied’s reach from a systems integration perspective was significantly limited geographically and that bringing Securadyne into the fold will help give them the scale necessary to grow the business nationally. “We really lacked the platform to scale the business,” Jones says. “Securadyne not only gives us that platform to scale the business nationally with our customer base, but also to really invest in security and technology companies. This has been a space that we have talked about a lot – we have made some smaller acquisitions over the years, but we were looking to make a big one and make a big splash.” Allied Universal intends to leverage Securadyne as the technology service platform upon which they will build out their global systems integration capabilities. The tech platform will be rebranded as “Allied Universal Technology Services” and will be headquartered in Dallas. The full Securadyne team will subsequently become part of Allied Universal Technology Services, with CEO Carey Boethel becoming President of the combined enterprises under the direction of Jones. Ty Richmond, who formally oversaw Allied Universal Security Systems, will now be responsible for Risk Advisory and Consulting Services and Allied’s international business. Having known Boethel for nearly 20 years, Jones says he knew that the two companies would be a great fit for one another both culturally and in how they both approach the market. “I felt the company he has built and his leadership team would just fit in perfectly with our organization,” Jones says. “It really starts with valuing customer relationships at the highest levels…and also in the value they place on their people. We have looked at lots of other companies that we thought would be (acquisition) opportunities for us, but none of them seemed to be as good of a fit as Securadyne was.” With the national reach of Allied Universal combined with the expertise of Securadyne, Boethel says the company is positioned to take advantage of current market trends. “Allied Universal’s presence in the U.S. will be a big enabler as we execute our strategy,” Boethel says. “Securadyne is kind of a super-regional company, and we will expand our footprint as a result of this combination.” The Securadyne acquisition is the latest in a string of M&A deals that has seen Allied Universal grow into one of the industry’s largest providers of security services. Beginning with the merger of AlliedBarton and Universal Services of America in 2016, the company has acquired other security firms in recent years, including: Apollo International (2016); FJC Security Services (2016); ALERT Protective Services (2017); Covenant Security Services (2017); Yale Enforcement (2017); and U.S. Security Associates (2018). The Securadyne acquisition means that Allied Universal Technology Services will become the fourth-largest security integrator in the U.S., with more than 500 employees and 27 U.S. locations. Read more of this interview at "Allied Universal’s presence in the U.S. will be a big enabler as we execute our strategy...We will expand our footprint as a result of this combination.” — Carey Boethel, Securadyne Systems

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