G4S plc Acquisition of RONCO Consulting Corporation
RONCO was founded in 1974, and is based in Washington, D.C. Since 1981, RONCO has completed over 650 projects involving mine and unexploded ordnance clearance, explosive ordnance disposal, security, and specialised training. RONCO currently operates in Afghanistan, Iraq, and Sudan and has training centres in Mozambique and Sri Lanka.
RONCO’s portfolio of customers includes the U.S. Departments of State and Defense, the United Nations, NATO, NAMSA, the World Bank, the Canadian and British governments, and numerous commercial customers. RONCO employs over 1,200 people worldwide.
Dave Foley, President and CEO of Wackenhut Services Incorporated (WSI) said, “The acquisition of RONCO significantly increases our capabilities in these specialist areas. RONCO’s reputation for service excellence is unrivalled in this market and the acquisition provides us with additional skills and expertise and is a natural fit for the development of the strategy of both WSI and G4S internationally."
RONCO has gross assets of $25million.