M&A Deal Summary

SSC Security Services Acquires Logixx Security

On March 30, 2022, SSC Security Services acquired safety/security company Logixx Security from Avante Logixx for 24M USD

Acquisition Highlights
  • This is SSC Security Services’ 1st transaction in the Safety/Security sector.
  • This is SSC Security Services’ largest (disclosed) transaction.
  • This is SSC Security Services’ 1st transaction in Canada.
  • This is SSC Security Services’ 1st transaction in Ontario.

M&A Deal Summary
Date 2022-03-30
Target Logixx Security
Sector Safety/Security
Buyer(s) SSC Security Services
Sellers(s) Avante Logixx
Deal Type Divestiture
Deal Value 24M USD

Target

Logixx Security

North York, Ontario, Canada
Logixx Security is a provider of premium security protection for leading enterprise and commercial clients across Canada. Logixx Security is based in North York, Ontario.

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Buyer(S) 1

Buyer

SSC Security Services

Regina, Saskatchewan, Canada
Category Company
Founded 1996
Sector Safety/Security
Revenue 109M USD (2023)
DESCRIPTION

SSC Security Services is a provider of physical and cyber security services to corporate and public sector clients across Canada. SSC Security Services was founded in 1996 and is based in Regina, Canada.

DEAL STATS #
Overall 1 of 1
Sector (Safety/Security) 1 of 1
Type (Divestiture) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Avante Logixx

Toronto, Ontario, Canada
Category Company
Sector Safety/Security
Employees1,525
Revenue 56M CAD (2020)
DESCRIPTION

Avante Logixx is a provider of high-end security services. Avante Logixx acquires, manages, and builds industry-leading businesses that provide specialized, mission-critical solutions that address the needs of customers. Avante Logixx is headquartered in Toronto, Ontario.

DEAL STATS #
Overall 2 of 2
Sector (Safety/Security) 2 of 2
Type (Divestiture) 1 of 1
State (Ontario) 2 of 2
Country (Canada) 2 of 2
Year (2022) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-10 CityWide Locksmiths

Toronto, Ontario, Canada

CityWide Locksmiths, Inc. is a mobile locksmith company provides variety of security products. CityWide Locksmiths was founded in 1962 and is based in Toronto, Ontario.

Sell $2M
Mergr

Product

Company

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