Wendel welcomes the acquisition by Allied Universal of the security services portion of Yale Enforcement Services, Inc. The Belleville, Illinois-based company offers a full range of solutions, including uniformed security professionals, mobile patrol, physical security and life safety.
Yale Enforcement's 1,800-plus employees serve a range of vertical markets including healthcare, manufacturing, industrial, warehouse/distribution, commercial real estate and retail throughout the Central, Midwestern and Southern United States. Yale generates annual revenue in excess of $40 million.
Yale is Allied Universal's fourth acquisition following the merger of Universal Services of America and AlliedBarton Security Services to form the new Allied Universal.
This transaction and the resulting synergies align with Allied Universal's goal of further penetration into niche areas and will contribute positively to the company's long-term value creation. Wendel is the co-controlling shareholder of Allied Universal with a ca. 33% ownership stake.
2016 full-year earnings / Publication of NAV (pre-market release)
Shareholders' Meeting / Publication of NAV and trading update (before Shareholders' Meeting)
H1 2017 earnings / Publication of NAV (pre-market release)
By conference call
2017 Investor Day / Publication of NAV and trading update (pre-market release)
Wendel is one of Europe's leading listed investment firms. The Group invests internationally, in companies that are leaders in their field, such as Bureau Veritas, Saint-Gobain, Cromology, Stahl, IHS, Constantia Flexibles and Allied Universal. Wendel plays an active role as industry shareholder in these companies. It implements long-term development strategies, which involve boosting growth and margins of companies so as to enhance their leading market positions. Through Oranje-Nassau Développement, which brings together opportunities for investment in growth, diversification and innovation, Wendel is also a shareholder of exceet in Germany, Mecatherm in France, Nippon Oil Pump in Japan, Saham Group and SGI Africa in Africa and CSP Technologies in the United States.
Wendel is listed on Eurolist by Euronext Paris.
Standard & Poor's ratings: Long-term: BBB-, stable outlook - Short-term: A-3 since July 7, 2014. Wendel is the Founding Sponsor of Centre Pompidou-Metz. In recognition of its long-term patronage of the arts, Wendel received the distinction of " Grand Mécène de la Culture " in 2012.
For more information: www.wendelgroup.com
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