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 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 the 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.
“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 more than 500 employees with 27 locations and will be positioned as the fourth largest security systems integrator in the United States.