Wendel secures $1.68B acquisition of Blackstone-backed AlliedBarton
December 03, 2015
Wendel has closed the roughly $1.68 billion acquisition of AlliedBarton Security Services, a U.S. security officer services company, from Blackstone. As part of the transaction, Wendel has made an equity investment of approximately $687 million, for about 96% ownership, alongside company management. Founded in 1957, AlliedBarton provides physical guarding and related services to more than 3,300 customers; the company, which was backed by Blackstone since 2008, has more than 62,000 employees and 120 regional and district offices located throughout the U.S.