Allied Universal announced the acquisition of SecurAmerica -- a privately held, Atlanta, Georgia-based security company with 49 offices located throughout the United States. Terms of the deal were not disclosed.
SecurAmerica was founded by Frank Argenbright, a Georgia entrepreneur who, over the past 40 years, has built both security and facilities management companies with operations around the world, beginning with Argenbright Security in 1979. In 2005, Argenbright launched SecurAmerica with the goal of becoming the first U.S.-based, privately held security company to compete globally. The company now operates in over 100 markets with revenues exceeding $467 million and more than 13,500 employees.
“I have personally known Frank for over 20 years,” said Steve Jones, Chairman & CEO of Allied Universal. “He has accomplished so much in the security industry and to have an opportunity to bring SecurAmerica into Allied Universal is a huge personal achievement and a major strategic goal for the organization. SecurAmerica is a demonstrated leader in the security industry and their people and culture will fit perfectly into Allied Universal and our long-term organizational plans.”
In 2015, SecurAmerica acquired American Security Programs, a wholly-owned subsidiary that services cleared commercial and government contracts. The company’s government division provides a wide range of asset protection and security services to the governmental sector and commercially clear clients and possesses top levels of federal security clearances and has strong relations with government agencies.