Wendel to Acquire AlliedBarton from Blackstone for $1.67B
July 01, 2015
Wendel has entered into an agreement with Blackstone to acquire AlliedBarton Security Services for approximately $1.67 billion. Founded in 1957, the company is a provider of security services to more than 3,300 customers across end-markets such as commercial real estate, higher education, financial services and aerospace. For the 12 months ended March 31, 2015, AlliedBarton generated revenues of approximately $2.18 billion and an adjusted EBITDA of $148 million. Credit Suisse is acting as exclusive financial advisor to Blackstone on the transaction, which is expected to close later this year; Simpson Thacher & Bartlett is serving as legal advisor.