allied3

Allied Universal: 2015-2020

Published : 22.06.2020
#Success Story

In 2015, Wendel completed the purchase of AlliedBarton for approximately $1.7 billion in enterprise value. Wendel initially decided to invest $687 million in equity in AlliedBarton, convinced of its development potential in a security market driven by long-term trends.

From March 2016, Wendel’s teams actively worked to complete the merger between AlliedBarton and Universal Services of America, creating the North American leader in the security market. At the end of the merger, Wendel received approximately 33% of the new company, Allied Universal, and recovered $388 million.

Under Wendel’s leadership, Allied Universal has been transformed through a dozen acquisitions. In 2018, Allied Universal acquired U.S. Security Associates, the third largest U.S. player in security and related services in the United States. On this occasion, Wendel decided to reinvest $78 million in new equity to finance this new acquisition.

In February 2019, Wendel received an offer to acquire approximately 40% of its stake in Allied Universal by Caisse de Dépôt et Placement du Québec at an enterprise value of over $7 billion.

In April 2020, Wendel sold its remaining stake in Allied Universal to a group of investors led by Warburg Pincus and a subsidiary of J. Safra Group.

This transaction valued Wendel’s net investment in Allied Universal at approximately $918 million, or approximately 2.5 times the total capital invested in dollars, representing an IRR of approximately 28% per year. It allowed Allied Universal to rely on partners with considerable resources to pursue its adventure under the best conditions.

Today, Allied Universal is the world leader in its segment.

  • 5 years of ownership
  • Creation of the world leader in security
  • Revenue multiplied by over 3x
  • Over 10 acquisitions
  • Sale to Caisse de Dépôt et Placement du Québec and to a group of investors led by Warburg Pincus and a subsidiary of J. Safra Group
  • Investment multiple of 2.5x
  • Amount invested by Wendel: $378 million
SUCCESS STORIES
40 years

40 years of sustainable growth

For more than 40 years, Wendel has been a pioneer in the private equity sector. Over the decades, the Group’s teams have made bold investment choices at strategic times. These successes are illustrated by the creation of world leaders specializing in various sectors.

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The information contained in this section of the website of Wendel SE, parent company of Eufor SAS (together “Wendel”) (a) is only intended for, and may only be accessed by, or distributed or disseminated, directly or indirectly, in whole or in part, to persons resident and physically present outside the United States of America (including its territories and possessions, any state of the United States and the District of Columbia, the “United States”), Australia, or Japan, and resident and physically present in a jurisdiction where to do so will not constitute a violation of the local securities laws or regulations of such jurisdiction, and (b) does not constitute an offer to sell or the solicitation of an offer to buy or acquire any securities of the Bureau Veritas (the “Issuer”) in the United States, Australia, Japan, or any other jurisdiction where to do so might constitute a violation of the local securities laws or regulations of such jurisdiction.

The securities of the Issuer referred to in this section of the website (the “Securities”) have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or with any securities regulatory authority of any state of the United States for offer or sale as part of their distribution and may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States.  The Securities have not been and will not be registered under the applicable securities laws of Australia or Japan, or any other jurisdiction in which it would be unlawful or would require registration or other measures, and therefore may not be offered or sold to or for the account or benefit of any person having a registered address in, or located or resident in, Australia, Japan or any other jurisdiction in which it would be unlawful or would require registration or other measures.

Access to the information contained on this portion of the website may be illegal in certain jurisdictions, and only certain categories of persons may be authorized to access such information and documents.  All persons who wish to have access to the documents contained in this section of Wendel’s website should first ensure that they are not subject to local laws or regulations that prohibit or restrict their right to access this section of the website, or require registration or approval for any acquisition of securities by them.  No such registration or approval has been or will be obtained.  Wendel assumes no responsibility if there is a violation of applicable law and regulations by any person.

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