Security

Securitas Expands Electronic Security Footprint with Acquisition of Stanley Security

Securitas, the global security services business comprising guarding, electronic security, fire and life safety solutions, has announced a "transformative acquisition" of Stanley Security, the electronic security solutions business of Stanley Black & Decker, making this their largest acquisition to date. Stanley Security is a provider of electronic security solutions with operations in 12 markets globally and with approximately 7,800 employees operating through approximately 200 locations and 16 monitoring centres. The acquisition transaction includes the Commercial Electronic Security and Healthcare Security business lines, where Stanley Security is said to have deep expertise and an extensive innovation pipeline, but excludes Stanley Access Technologies, the door automation business.  The business is expected to generate sales of nearly $1.7 billion in 2021, of which around 40% is recurring revenue and an adjusted EBITDA margin of close to 12%. The cash purchase price of $3.2 billion on a debt and cash free basis represents a multiple of approximately 13x Stanley Security’s estimated adjusted EBITDA 2021 including […]

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