PRZOOM - /newswire/ -
Crawley, West Sussex, United Kingdom, 2009/11/23 - G4S, announces the acquisition of Champions of the West, Inc. trading as All Star International (“All Star”) from the Junge Revocable Trust and John P. Junge individually. LSS: UK: GFS
G4S, the world’s leading international security solutions group, today announces the acquisition of Champions of the West, Inc. trading as All Star International (“All Star”) from the Junge Revocable Trust and John P. Junge individually, by its US Government Services business, Wackenhut Services, Inc. (“WSI”) for a cash consideration of $59.9m on an enterprise value basis.
All Star is one of the premier facilities management and base operations support companies providing services to the US Government. The acquisition of All Star supports the group’s strategy of expanding its capability in providing secure facilities management services in the high-security government sector.
All Star’s portfolio of customers includes the US Department of Defense, Department of Energy, General Services Administration, the Internal Revenue Service and the US Postal Service. The company also has a long history of supporting the US military in Europe.
Dave Foley, President and CEO of WSI stated, “The acquisition of All Star significantly increases our capabilities and customer offerings. All Star’s reputation is unrivalled in its market segments. The combination of these two companies creates a unique organisation which will strongly support the G4S strategic vision and WSI’s secure facilities management operational concept.”
All Star employs over 1,200 people and had annual reported revenues of $127.5 million in the year to September 2009.
For further enquiries, please contact:
Helen Parris, Director of Investor Relations
T: +44 (0) 1293 554400
G4S (g4s.com) is the world’s leading international security solutions group, which specialises in outsourced business processes in sectors where security and safety risks are considered a strategic threat.
G4S is the largest employer quoted on the London Stock Exchange and has a secondary stock exchange listing in Copenhagen. G4S has operations in over 110 countries and over 585,000 employees.
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The company operates in two key sectors: security solutions (including manned security, security systems and justice services) and cash solutions.