23 November 2009
G4S plc
Acquisition of All Star International
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.
- Ends -
For further enquiries, please contact:
Helen Parris - Director of Investor Relations
+44 (0) 1293 554400
Media enquiries:
Alison Flynn - Media Relations Manager
+44 (0) 1293 554400
Notes to Editors:
G4S 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. For
more information on G4S, visit www.g4s.com.
---END OF MESSAGE---
http://hugin.info/141489/R/1356511/329628.pdf
This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.