Business
Allied Universal Announces Proposed Acquisition of J E Security Systems & Services Inc.
Allied Universal, a leading security and facility services provider, announces the proposed acquisition of J E Security Systems & Services Inc., a comprehensive guarding and technology provider based in St. Thomas. The acquisition is expected to close in Q1 2024.
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Originally published by barbadostoday.bb (opens in new tab)
Allied Universal, the world’s leading security and facility services provider, has announced the proposed acquisition of the assets of J E Security Systems & Services Inc., a comprehensive guarding and technology provider based in St. Thomas.
This proposed acquisition is through Allied Universal’s subsidiary, G4S Secure Solutions (Barbados) Limited and is expected to close during the first quarter of 2024.
“This proposed acquisition marks a significant milestone in advancing Allied Universal’s global growth strategy,” said Allied Universal Global Chairman and CEO Steve Jones. “As we continue to expand our presence internationally, the acquisition of the market-leading technology business of J E Security Systems & Services allows us to expand the value of our security services we offer to the customers and communities we serve in Barbados and the English Caribbean.”
J E Security Systems & Services has provided electronic security, patrol and response services to the island’s residents and businesses for more than 30 years. Its diverse range of clients includes insurance companies, banks, embassies, construction firms, government facilities and residential communities.
“We are excited to become part of the world’s top security provider,” said Jeff Evelyn, Managing Director of J E Security Systems & Services. “Through this action, we will be able to provide our clients with expanded service offerings and our employees with additional career opportunities. We look forward to continuing our relationship with our clients, many of whom have been with us since the inception and others who have joined us along the way.”
“Having operated in Barbados for over 35 years, G4S Barbados remains committed to maintaining the highest standards of service, integrity, and innovation throughout this proposed integration process,” said James Devers, Managing Director of G4S English Caribbean. “We believe that the synergy between our companies will result in an unparalleled offering in the security solutions in Barbados and the wider English Caribbean.” (PR)
