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.

Check Also

GSA

GSA Selects Eight Carriers for Fiscal 2021 Federal Passenger Transport Program

Eight U.S. carriers have secured contracts from the General Services Administration to provide discounted airfares to federal travelers during the government's 2021 fiscal year. Airlines will offer pre-negotiated and firm-fixed-price rates beginning Oct. 1 through the GSA's FY 2021 City Pair Program, the agency said Tuesday.

Alan Dietrich SVP and GM Alion

Alion to Help Air Force Study Radio Spectrum; Alan Dietrich Quoted

Alion Science and Technology has secured a five-year, $51M task order from the U.S. Air Force to explore opportunities for a potential  early network deployment in radiocommunication spectrum bands.