M&A Deal Summary

Allied Universal Acquires Covenant Security Services

On February 5, 2018, Allied Universal acquired safety/security company Covenant Security Services from Covenant Services Worldwide

Acquisition Highlights
  • This is Allied Universal’s 8th transaction in the Safety/Security sector.
  • This is Allied Universal’s 7th transaction in the United States.
  • This is Allied Universal’s 2nd transaction in Pennsylvania.

M&A Deal Summary
Date 2018-02-05
Target Covenant Security Services
Sector Safety/Security
Buyer(s) Allied Universal
Sellers(s) Covenant Services Worldwide
Deal Type Divestiture

Target

Covenant Security Services

Philadelphia, Pennsylvania, United States
Covenant Security Services Ltd. is a provider of security services.

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Buyer(S) 1

Buyer

Allied Universal

Santa Ana, California, United States
Category Company
Founded 2016
Sector Safety/Security
DESCRIPTION

Allied Universal is a facility services company and the largest security services provider in North America. The company provides unparalleled security services and solutions to serve, secure and care for the people and businesses in our communities. It combines people and technology to deliver tailored solutions that allow clients to focus on their core business, achieve goals, seize opportunities and exceed stakeholder expectations. Allied Universal was founded in 2016 and is based in Santa Ana, California.

DEAL STATS #
Overall 8 of 24
Sector (Safety/Security) 8 of 23
Type (Divestiture) 2 of 2
State (Pennsylvania) 2 of 2
Country (United States) 7 of 19
Year (2018) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-30 Alert Protective Services

Chicago, Illinois, United States

Alert Protective Services is a residential community security firm. Its custom security solutions from access control to mobile patrols and technology solutions. Alert Protective Services was founded in 1982 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-16 U.S. Security Associates

Roswell, Georgia, United States

U.S. Security Associates, Inc. is a security and facility services company with over 160,000 employees, provides unparalleled security services and solutions. With headquarters in Santa Ana, Calif., and Conshohocken, Pa., Allied Universal combines people and technology to deliver evolving, tailored solutions that allow our clients to focus on their core business. An unrelenting focus on clients’ success creates partnerships rooted in quality and value, and is supported by experience gained from being in business for over 60 years. Through our people and leading services, systems and solutions.

Buy $1.0B

Seller(S) 1

SELLER

Covenant Services Worldwide

Philadelphia, Pennsylvania, United States
Category Company
Founded 1992
Sector Safety/Security
DESCRIPTION

Covenant Services Worldwide is a provider of infrastructure protection and executive protection services for government and commercial sectors. Covenant Services Worldwide was established in 1992 and is based in Philadelphia, Pennsylvania.

DEAL STATS #
Overall 1 of 1
Sector (Safety/Security) 1 of 1
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
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