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Kelly Bilger
AlliedBarton Security Services
800.334.2038 x 133 |
AlliedBarton Security Services to Acquire U.S. Business of
Initial Security
FOR IMMEDIATE RELEASE
KING OF PRUSSIA, Pa. – June 12, 2006 - AlliedBarton Security Services, the largest American
owned and managed security services firm, today announced that it has signed an agreement with
Rentokil Initial plc to acquire the security services business of Initial Security in the United States
for approximately £40 million. Subject to the receipt of antitrust approval, the transaction is
expected to close by August 8, 2006. "We are very pleased to add Initial Security to the AlliedBarton Security Services portfolio,” said
Bill Whitmore, President and CEO of AlliedBarton. “Initial's exceptional management team,
together with its reputation for quality service and operational excellence will enable us to
enhance the quality of our security service offerings to clients of both AlliedBarton and Initial."
About Initial Security U.S.
Headquartered in San Antonio, Texas, Initial Security is one of the leading providers of security
services in the Unites States. Founded in 1928 as Stanley Smith Security the company has a long
track record of providing high quality security services to customers in a wide group of business
sectors. Today, Initial Security provides manned guarding, mobile patrol, consulting and value
added services to more than 1,600 customers through its national network of 45 branch offices
and 8,000 security officers.
About AlliedBarton Security Services
AlliedBarton Security Services, headquartered in King of Prussia, is the largest American-owned
and managed security services firm. Since 1957, AlliedBarton has been providing quality security
services and highly trained personnel to clients in a number of industry sectors, including
commercial real estate, higher education, healthcare, residential communities, manufacturing and
distribution, financial institutions, shopping centers and other commercial facilities. Our more
than 39,000 employees and over 70 offices nationwide service a client base that includes more
than 125 Fortune 500 companies across the country. Selected as one of Training magazine’s
“Top 100” training companies for 2006, AlliedBarton’s award-winning programs, on-the-job and
web-based training focuses on preparing employees in a variety of security-related topics.
On the net: www.AlliedBarton.com
Forward-Looking Statements
Statements in this press release which are not historical facts, including statements about plans,
strategies, beliefs and expectations of Allied Security Holdings LLC and its subsidiaries (together,
the "Company"), are forward-looking and subject to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking statements speak only as of the date
they are made, and, except for the Company’s ongoing obligations under U.S. federal securities
laws, the Company undertakes no obligation to publicly update any forward-looking statement,
whether as a result of new information, future events or otherwise. Such forward-looking
statements include, without limitation, the Company’s expectations and estimates about future
events. Actual results may differ materially from such forward-looking statements for a number of
reasons, including those set forth in the Company’s filings with the Securities and Exchange
Commission (which may be viewed on the SEC’s website at http://www.sec.gov).
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