Conshohocken, PA-based AlliedBarton Security Services and Santa Ana, CA-based Universal Services of America today announced that they have agreed to merge, creating the leading security company in North America.
The combined company, which will operate under the AlliedUniversal brand following the close of the transaction, will offer its clients localized response and national support with industry-leading technology solutions and approximately 140,000 highly-trained officers. It is expected to have total annual revenues of approximately $4.5 billion. The transaction is expected to close in the third quarter of 2016, subject to customary regulatory approvals.
The two companies have a shared value proposition and aligned values.
The full news release can be seen here: Press Release