G4S plc Acquisition of MJM Investigations Inc.

  • 31 Mar 2008 13:35
G4S, the world’s leading international security solutions group, today announces the acquisition of MJM Investigations Inc. (“MJM”) and certain affiliated companies, the market leader in insurance fraud mitigation and claims services, from Mr Michael J. Malone. Gross assets of the acquired companies are US$16.2million.
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Headquartered in Raleigh, North Carolina, and operational around the globe, MJM provides surveillance services, a broad range of investigation services, background screening, due diligence and risk management consultancy to insurers, third party administrators, self-insured corporations and insurance defence law firms around the world. MJM employs 374 people and annual sales in 2007 were approximately US$45 million.

Grahame R. Gibson, G4S Chief Operating Officer, said, “We enthusiastically welcome MJM’s customers and employees into the G4S family. We are eager to include MJM as part of our strategic portfolio of risk management services and know that they will enhance our service offering to our customers around the world. We are also delighted that Michael J. Malone, founder and CEO of MJM, will be joining the G4S group.”

Mr. Malone said, “MJM was founded upon the vision of being the leading global provider of investigative solutions. Today that vision is a reality as a result of the acquisition by G4S. This partnership will enhance MJM’s global bandwidth and allow us to accomplish our long-term goals and strategies. We’ll now be able to deliver our comprehensive portfolio of services throughout the world.”

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