Conshohocken-based AlliedBarton, which provides security personnel, announced yesterday that it has been acquired by the French investment firm Wendel. Below is the announcement:
AlliedBarton Security Services, the industry’s premier provider of highly trained security personnel, is pleased to announce that Wendel will acquire AlliedBarton, making an equity investment in the security services leader. The transaction is expected to close by the end of the year, subject to customary conditions and regulatory approvals.
“AlliedBarton is a world-class franchise with a tremendous reputation for integrity and reliability and a very impressive management team, led by Bill Whitmore,” said Frédéric Lemoine, Chairman of Wendel’s Executive Board. “The company has an outstanding track record of profitable growth and is well positioned to continue to grow.”
“We are very excited to join Wendel,” said Bill Whitmore, Chairman and CEO, AlliedBarton. “Their long term investment philosophy and successful track record of building world-class companies will help AlliedBarton continue its extraordinary growth and achieve the next level of success. We thank Blackstone for being a tremendous partner over the last seven years and I appreciate the contributions made by the entire Blackstone team. AlliedBarton’s senior leadership team and I look forward to working with Wendel and building a strong relationship based on our shared values and strategic vision. AlliedBarton will continue to deliver high quality security services tailored to the individual needs of our clients.”
Wendel is one of Europe’s leading listed investment firms. The Group invests internationally, in companies that are leaders in their field, such as Bureau Veritas, Saint-Gobain, Materis Paints, Stahl, IHS and Constantia Flexibles. Wendel plays an active role as industry shareholder in these companies. Through Oranje-Nassau Développement, which brings together opportunities for investment in growth, diversification and innovation, Wendel is also a shareholder of exceet in Germany, Mecatherm and Parcours in France, Nippon Oil Pump in Japan, Saham Group in Africa and CSP Technologies in the United States. Wendel is listed on Eurolist by Euronext Paris. Wendel is the Founding Sponsor of Centre Pompidou-Metz. In recognition of its long-term patronage of the arts, Wendel received the distinction of “Grand Mécène de la Culture” in 2012. For more information visit WendelGroup.com/en
For more than 50 years, AlliedBarton Security Services has provided superior security officer services to protect people, homes and businesses. AlliedBarton tailors security programs to meet clients’ needs with committed professionals who enhance clients’ brands. The most honored security services provider, AlliedBarton consistently delivers exceptional service which creates a differentiated experience for clients and the people they serve. More than 60,000 employees and 120 offices serve thousands of clients with levels of protection that anticipate needs and build enduring relationships. For more information call 1.866.825.5433 or visit www.AlliedBarton.com.