Allied Universal® becomes a global leader in electronic monitoring through Attenti acquisition
Allied Universal will integrate Attenti Group with G4S Monitoring Technologies, to create Allied Universal Electronic Monitoring Services. The combined business has pro-forma 2021 revenues over $150m with operations in more than 35 countries, and will establish Allied Universal Electronic Monitoring Services as a global market leader in electronic monitoring solutions.
“The purchase of Attenti Group aligns perfectly with our long-term strategic growth plan of investing in our international business through the acquisition of high-quality global companies,” said Steve Jones, Global Chairman and CEO of Allied Universal. “This acquisition gives Allied Universal Electronic Monitoring Services a global footprint and an established platform for continued growth in North America, which is the world’s largest opportunity for electronic monitoring.”
Ashley Almanza, Executive Chairman, Allied Universal International, commented “G4S Monitoring Technologies and Attenti Group each have more than 25 years’ success in developing and delivering industry leading electronic monitoring technology and services. The two companies have outstanding people and complementary market positions, together with an extensive array of technology solutions. We believe that this combination will generate significant benefits for our customers and employees.”
David Byrne, Managing Director, G4S Monitoring Technologies will lead the combined business and Yoav Reisman, CEO Attenti Group, will take up the role of Vice Chairman.
“We are tremendously excited by this combination and the opportunity to expand our geographic footprint and provide enhanced products and services to customers in the growing global market for electronic monitoring,” said David Byrne.
Yoav Reisman added, “We are excited to be joining the Allied Universal family. The combination of our businesses will deliver better innovation and outcomes for our customers as we enhance current products and develop new applications in electronic monitoring.”
A wholly owned subsidiary of Allied Universal Services has entered into a definitive agreement with Funds advised by Apax Partners to acquire the Attenti Group. Closing is subject to customary conditions including relevant regulatory approvals. It is anticipated that closing will occur during 2022.