Allied Universal Acquires Securadyne Systems to Offer Highly Advanced Technology Solutions and Systems Integration Capabilities Throughout the Nation
Allied Universal®, a leading security and facility services company in North America, has signed a definitive agreement to acquire Securadyne Systems, a security systems integration company based in Dallas, Texas. The deal is expected to close on April 15, 2019. This acquisition will combine a leading U.S. security services company with a world-class technology solutions provider, which will serve as a platform for providing technology-enabled security solutions on a global scale. Terms of the deal were not disclosed.
Founded by CEO Carey Boethel in 2011 in partnership with Pamlico Capital, Securadyne Systems specializes in integrated security solutions by offering security consulting, design, engineering and installation. With revenues in excess of $73 million and more than 300 employees, Securadyne has a branch network of more than 17 locations across the United States.
“Our new acquisition of Securadyne Systems supports our long-term strategy to become the leader in the security technology market,” said Steve Jones – CEO of Allied Universal. “As security needs change and evolve, Allied Universal will offer clients cutting-edge technology and service that will help make their security programs more effective and efficient to better protect their employees and assets.”
As a result of this acquisition, Securadyne Systems will become the technology service platform upon which Allied Universal will build out global systems integration capabilities. This new tech platform will be rebranded as Allied Universal Technology Services, which will be headquartered in Dallas, Texas. The Securadyne team will be joining Allied Universal under Allied Universal Technology Services. Boethel will become 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 Universal’s international business.
Allied Universal Technology Services, a highly advanced, comprehensive and integrated tech solution, will help clients mitigate risk with the ultimate goal to prevent incidents and protect people and assets. Most importantly, Allied Universal Technology Services’ all-inclusive service approach offers intelligent and seamless technology solutions from access control and video surveillance to threat monitoring services and Artificial Intelligence (AI) driven security management tools to installation and service. Allied Universal Technology Services will offer clients electronic access control, video surveillance, fire/life safety, alarm monitoring, emergency communications, technological threat management and response, and other smart tech innovative solutions, including a broad array of hosted /managed services via Allied’s Monitoring and Response Center (MaRC), and the Global Security Operating Center (GSOC-as-a-Service).
“During our acquisition integration planning, I have witnessed first-hand not only the strong culture fit, but also the compelling growth synergies that exist between our two organizations,” said Boethel – CEO of Securadyne. “In addition to our systems integration platform, we are excited to now offer our clients a comprehensive approach to security to include security guarding, consulting and investigations, executive protection, alarm monitoring and a broad array remote technology services.”
Once the acquisition is completed, Allied Universal Technology Services will employ over 500 employees with 27 locations and will be positioned as the fourth largest security systems integrator in the United States.
Advisors to Allied Universal for this transaction included Ernst & Young (EY) and Sheppard Mullin.
Raymond James and Alston & Bird represented Securadyne Systems on the deal.
Pamlico Capital is a private equity firm founded in 1988 that invests in growing middle market companies in North America. Pamlico Capital seeks control-oriented growth equity investments of up to $200 million alongside founders and proven leaders in its target industries: communications, healthcare, services and software. The firm, based in Charlotte, NC, has assets under management of approximately $4 billion. For additional information, please visit www.pamlicocapital.com.