INSIGHTS
Paragon Systems, (a subsidiary of Pinkerton’s Government Services), within the Securitas Group, has agreed to acquire the security services company Security Consultants Group (SCG), in the U.S. With this acquisition, Securitas expands in the primary government security services market in the U.S.
Paragon Systems Acquires US Security Services Company SCG
Date: 2011/04/20
Source: Securitas
Paragon Systems, (a subsidiary of Pinkerton's Government Services), within the Securitas Group, has agreed to acquire the security services company Security Consultants Group (SCG), in the U.S. With this acquisition, Securitas expands in the primary government security services market in the U.S.
Enterprise value is estimated to be more than US$22 million.
SCG has annual sales of approximately $107 million and approximately 2,000 employees. The company is based in Oak Ridge, Tennessee, and operates in 22 US states.
SCG specializes in providing high-level, armed security officer services to various US government agencies and facilities protecting vital federal infrastructure, including US Courthouses, Federal Buildings, Federal offices and four Presidential Libraries.
“SCG is one of the leading security services companies in the prime government sector in the U.S. The acquisition is in line with the Securitas Group's specialization strategy of acquiring high-quality security providers that bring knowledge and experience from specialized customer segments”, said Alf G?ransson, President and CEO of the Securitas Group.