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G4S sells G4S Youth Services LLC

G4S, the leading global integrated security company, announces that it has completed the sale of G4S Youth Services in the USA to BHSB Holdings, Inc. (“BHSB”) for US$56.5 million paid in cash. 
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Proceeds from the sale will be used for corporate purposes.

G4S Youth Services is a leading provider of residential-based juvenile services throughout Florida and in the states of Texas and Tennessee.  In the year to 31 December 2016, G4S Youth Services posted profit before taxation of US$5.1 million (2015 US$5.6 million) and, as at 31 December 2016, it had gross assets of US$21.5 million (2015 US$21.4 million).

As part of the transaction, senior management in G4S Youth Services will remain with the business at completion.

Commenting on the transaction, Ashley Almanza, G4S Group Chief Executive Officer said:

“As previously announced, the sale of our US Youth Services business is part of our portfolio management programme initiated in 2013 to improve our strategic, commercial and operational focus.”

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