Home / M&A Activity / GardaWorld Acquires Aegis Group; Stephan Cretier Comments

GardaWorld Acquires Aegis Group; Stephan Cretier Comments

acquisition,  mergerGardaWorld has closed its purchase of private security services provider Aegis Group for an undisclosed sum in a move to grow in the global protective services market.

KippsDeSanto & Co. — financial adviser to Aegis Group on the transaction — announced the deal’s completion Tuesday and said GardaWorld seeks to increase its footprints in markets such as the U.S. departments of Defense and State, as well as major oil and gas companies.

“Aegis Group’s operational platform will complement GardaWorld’s offering and geographic footprint as we continue to build our protective services capabilities throughout Africa and the Middle East, ” Stephan Cretier, president and CEO of GardaWorld, said July 13.

Montreal-based GardaWorld provides security and cash services for government and commercial organizations.

Washington-based Aegis Group offers risk management, business intelligence, threat extortion, physical security and crisis response services to industry and federal agencies.

Aegis holds positions on DoD’s Reconstruction Security Support Services and the State Department’s potential $10 billion Worldwide Protective Services contract vehicles.

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