Allied Universal expands with acquisition
of Apollo International Security
Wendel welcomes the acquisition by Allied Universal of Apollo International, a security company whose headquarters is in Walpole, Massachusetts, and has a global office in New York.
With a presence in 30 U.S. states and select global markets, Apollo International provides uniformed security officers, concierge/desk attendant services, investigations, special operations, competitive intelligence, risk management consulting, vulnerability assessments and other security/asset protection programs in many of the same vertical industries that Allied Universal serves. With annual revenues of $88 million and 3,400 employees, the privately-owned entity has been in business since 1990.
The acquisition of Apollo International comes on the heels of the merger of Universal Services of America and AlliedBarton Security Services to form the new Allied Universal and combine best practices, experience and expertise to benefit clients and employees.
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