Allied Universal adds FJC Security as latest acquisition
Wendel welcomes the acquisition by Allied Universal of FJC Security Services, a security company based in Floral Park, N.Y.
An industry provider of both uniformed security professionals and with a leadership team steeped in law enforcement and military background, FJC has led the industry on the East coast since 1988. Overall annual revenue totals nearly $300 million.
The company's staff of 6,300 serves residential complexes, college campuses, government buildings, healthcare facilities, commercial businesses and construction projects for major airports and high-profile public landmarks.
FJC is Allied Universal's second acquisition following the merger of Universal Services of America and AlliedBarton Security Services to form the new Allied Universal.
These transactions will contribute positively to Allied Universal's long-term value creation. Wendel is the co-controlling shareholder of Allied Universal with ca. 33% of its capital.
Calendar
12/1/2016
2016 Investor Day / Publication of NAV and trading update (pre-market release)
In London
3/23/2017
2016 full-year earnings / Publication of NAV (pre-market release)
In Paris
5/18/2017
Shareholders' Meeting / Publication of NAV and trading update (before Shareholders' Meeting)
In Paris
9/7/2017
H1 2017 earnings / Publication of NAV (pre-market release)
By conference call
11/30/2017
2017 Investor Day / Publication of NAV and trading update (pre-market release)
About Wendel
Wendel is one of Europe's leading listed investment firms. The Group invests internationally, in companies that are leaders in their field, such as Bureau Veritas, Saint-Gobain, Cromology, Stahl, IHS, Constantia Flexibles and Allied Universal. Wendel plays an active role as industry shareholder in these companies. It implements long-term development strategies, which involve boosting growth and margins of companies so as to enhance their leading market positions. Through Oranje-Nassau Développement, which brings together opportunities for investment in growth, diversification and innovation, Wendel is also a shareholder of exceet in Germany, Mecatherm in France, Nippon Oil Pump in Japan, Saham Group and SGI Africa in Africa and CSP Technologies in the United States.
Wendel is listed on Eurolist by Euronext Paris.
Standard & Poor's ratings: Long-term: BBB-, stable outlook - Short-term: A-3 since July 7, 2014. Wendel is the Founding Sponsor of Centre Pompidou-Metz. In recognition of its long-term patronage of the arts, Wendel received the distinction of "Grand Mécène de la Culture" in 2012.
For more information: www.wendelgroup.com
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Press contacts Analyst and investor contacts
Christine Anglade-Pirzadeh: +33 (0)1 42 85 63 24 Olivier Allot: +33 (0)1 42 85 63 73
c.anglade@wendelgroup.com o.allot@wendelgroup.com
Caroline Decaux: +33 (0)1 42 85 91 27 Elisa Muntean: +33 (0)1 42 85 63 67
c.decaux@wendelgroup.com e.muntean@wendelgroup.com
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: WENDEL via Globenewswire