M&A Deal Summary

MacAndrews & Forbes Acquires AlliedBarton Security Services

On February 17, 2003, MacAndrews & Forbes acquired safety/security company AlliedBarton Security Services from Gryphon Investors and Harvey & Company for 268M USD

Acquisition Highlights
  • This is MacAndrews & Forbes’ 1st transaction in the Safety/Security sector.
  • This is MacAndrews & Forbes’ 3rd largest (disclosed) transaction.
  • This is MacAndrews & Forbes’ 7th transaction in the United States.
  • This is MacAndrews & Forbes’ 1st transaction in Pennsylvania.
Investment Fate
  • AlliedBarton Security Services was divested to a financial buyer in 2008 for 756M USD.
  • AlliedBarton Security Services was divested to a strategic buyer in 2008 for 756M .
  • AlliedBarton Security Services was sold to a consortium of financial buyers in 2015 for 1.7B USD.
  • AlliedBarton Security Services merged with another company in 2016.

M&A Deal Summary
Date 2003-02-17
Target AlliedBarton Security Services
Sector Safety/Security
Buyer(s) MacAndrews & Forbes
Sellers(s) Gryphon Investors
Harvey & Company
Deal Type Add-on Acquisition
Deal Value 268M USD

Target

AlliedBarton Security Services

Conshohocken, Pennsylvania, United States
AlliedBarton Security Services LLC is a provider of 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.

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Buyer(S) 1

Buyer

MacAndrews & Forbes

New York, New York, United States
Category Company
Sector Diversified
DESCRIPTION

MacAndrews & Forbes Incorporated owns and operates a diverse array of businesses, tapping into the broad expertise of its management team to support the delivery of best in class products and services to end users and consumers all over the world. MacAndrews & Forbes’ businesses span a wide range of industries, from global leaders in cosmetics and digital entertainment to biotechnology and military equipment.

DEAL STATS #
Overall 8 of 15
Sector (Safety/Security) 1 of 1
Type (Add-on Acquisition) 1 of 4
State (Pennsylvania) 1 of 1
Country (United States) 7 of 14
Year (2003) 1 of 3
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-05-22 Golden State Bancorp

Glendale, California, United States

Golden State Bancorp Inc. is a full-service, community-oriented savings bank and diversified financial services company.

Sell $16M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-10-08 SIGA Technologies

New York, New York, United States

SIGA Technologies Inc., is developing products for the prevention and treatment of serious infectious diseases, including products for use in defense against biological warfare agents. SIGA?s lead product is a smallpox drug that has shown very positive results to date in animal efficacy and human safety studies. SIGA?s product development programs emphasize the increasingly serious problem of emerging pathogens. SIGA has been successful in leveraging its product development platform through partnerships with the National Institutes of Health (NIH) and TransTech Pharma. SIGA has also been successful in obtaining significant funding from the NIH and the Department of Defense.

Buy -

Seller(S) 2

SELLER

Gryphon Investors

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 8.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Gryphon Investors is a private equity firm focused on making $50 to $300 million of equity or equity-linked investments in middle-market companies. Target transaction situations include traditional buyouts, leveraged build-ups, and growth financings. Gryphon will consider both control and shared-control positions. Sectors of interest include business services, consumer, retail, automotive, chemicals, general manufacturing, healthcare, and hotels. Gryphon Investors was formed in 1997 and is based in San Francisco, California.

DEAL STATS #
Overall 2 of 35
Sector (Safety/Security) 1 of 2
Type (Add-on Acquisition) 2 of 16
State (Pennsylvania) 1 of 1
Country (United States) 2 of 35
Year (2003) 1 of 1
Size (of disclosed) 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-12-18 Intelligrated

Mason, Ohio, United States

Intelligrated, Inc. is a provider of automated material handling solutions, services and products. Intelligrated designs, manufactures and installs complete material handling automation solutions for the warehousing, distribution, consumer product manufacturing, postal and parcel markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-01 Gryphon Colleges

Irvine, California, United States

Gryphon Colleges Corporation operates post secondary schools.

Buy -
SELLER

Harvey & Company

Investor Investor Investor Investor Investor

Category Merchant Bank
Founded 1998
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Harvey & Company is a principal investment and advisory group. The Firm works with companies and private equity firms on acquisition searches as well as makes investments of its own. Harvey & Company was established in 1998 and is headquartered in Newport Beach, California.

DEAL STATS #
Overall 2 of 35
Sector (Safety/Security) 1 of 2
Type (Add-on Acquisition) 2 of 18
State (Pennsylvania) 1 of 4
Country (United States) 2 of 34
Year (2003) 1 of 2
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-01-01 Market Day

Itasca, Illinois, United States

Market Day Corp. is a marketer and distributor of restaurant quality food products sold to assist schools, youth, and community organizations with their fundraising efforts. The Company offers a wide range of frozen food products as part of a recurring Fundraising Program.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-03-06 Gevity HR

Bradenton, Florida, United States

Gevity HR, Inc. is a complete human resources management solutions provider, offering outsourced services for employee recruitment, management, and retention, for payroll processing, benefits administration, and related paperwork, as well as for compliance with government regulations.

Buy $30M
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