Proposed Divestment of G4S Government Solutions, Inc. (USA)
G4S Government Solutions, Inc. provides security, fire protection, facilities management, training and mine clearance services to US Government organisations including the Departments of Energy, Homeland Security and Defense in addition to international organisations such as NATO and the United Nations, both within the United States and overseas.
G4S Government Solutions operates sensitive Government contracts requiring high level security clearances and is therefore managed under a proxy board structure in order to comply with US national security regulations. The company believes that an alternative parent would be able to create or add more value to the business than G4S. As a non-US parent, with restricted access to important commercial data, our ability to manage the business and share best practice is severely limited.
In 2012, G4S Government Solutions, Inc. had annual revenues of around £400 million.
G4S will retain its highly-regarded US commercial security business which provides a broad range of security services and technology to commercial companies and Government departments at a Federal, State and local level, where high level security clearances are not required. The revenues of this business, combined with G4S' other ongoing US operations totalled around £1.2 billion in 2012.
Houlihan Lokey has been appointed to manage the divestment process and it is expected that the transaction will be completed within the next six months, subject to all necessary approvals.