Allied Universal Snaps Up Cypress Private Security
SANTA ANA, Calif. June 26 2019 Allied Universal, a leading security and facility services company, has acquired Cypress Private Security, a San Francisco-based company offering comprehensive security services.
Terms of the transaction were not disclosed.
“Cypress Private Security is a company that we have long admired and always wanted to partner with,” says Allied Universal CEO Steve Jones. “This company has built a brand and a culture through outstanding employee and client relationships. I am honored to have Cypress Private Security be part of the Allied Universal family.”
With revenues in excess of $40 million and more than 1,300 employees, Cypress Private Security has been providing a full range of security solutions encompassing armed and unarmed uniformed officers, mobile patrols, loss prevention programs and emergency security consulting since 1996.
In California, Cypress Private Security staffs offices in Oakland, San Jose, Santa Fe Springs, Modesto and Los Angeles. The company also operates locations in Seattle and Las Vegas. The company’s COO, Jonas Tegnerud, will be joining Allied Universal as director of operations in the Northwest region.
“We are excited about this opportunity for our employees to become an integral part of Allied Universal — one of the largest security companies in the country,” says Kes Narbutas, CEO of Cypress Private Security. “We offer a heartfelt thank you to our dedicated employees who provided first-class service to our loyal clients for so many years.”
Cypress Private Security was represented by Bob Perry with Robert H. Perry & Associates in the transaction.
In April, Allied Universal announced the acquisition of Securadyne Systems, a security integrator, based in Dallas. The deal, for undisclosed terms, will give Allied Universal an integration platform to provide technology-enabled security solutions on a global scale, according to the announcement.
Via Press Release
