Allied Universal, G4S to Acquire Barbados-Based J E Security Systems & Services Inc.
Proposed acquisition through Allied Universal’s subsidiary, G4S Secure Solutions (Barbados) Limited, is expected to close during 2024 Q1.
Adobe Stock image by Oleksii
IRVINE, Calif. — Security and facility services provider Allied Universal today announced the proposed acquisition of the assets of St. Thomas, Barbados-based guarding and technology provider J E Security Systems & Services, Inc., through its subsidiary, G4S Secure Solutions.
The proposed acquisition is expected to close during the first quarter of 2024, according to the joint announcement.
“This proposed acquisition marks a significant milestone in advancing Allied Universal’s global growth strategy,” says Allied Universal global chairman and CEO Steve Jones in the joint announcement.
“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,” he says.
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 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,” says Jeff Evelyn, managing director of J.E. Security Systems & Services, in the joint announcement. “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,” he says.
Why Allied Universal, G4S Wanted J.E. Security
“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, in the announcement.
“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,” he says.
In 2022 and 2023, Allied Universal completed 13 acquisitions in North America and six internationally. In 2021, Allied Universal acquired 10 companies, including G4S. These deals “are consistent with Allied Universal’s growth strategy and expanding international presence,” the announcement says.
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