Paragon Systems, Inc. (a subsidiary of Pinkerton’s Government Services, Inc.), within the Securitas Group, has agreed to acquire the security services company Security Consultants Group, Inc. (SCG) in the USA. With this acquisition, Securitas expands in the primary government security services market in the USA. Enterprise value is estimated to MSEK 140 (MUSD 22).
SCG has annual sales of approximately MSEK 670 (MUSD 106) and approximately 2,000 employees. The company is based in Oak Ridge, Tennessee, and operates in 22 U.S. states.
SCG specializes in providing high level, armed security officer services to various US Government agencies and facilities protecting vital Federal infrastructure, including US Courthouses, Federal Buildings, Federal offices and four Presidential Libraries.
“SCG is one of the leading security services companies in the prime government sector in the U.S. The acquisition is in line with the Securitas Group’s specialization strategy of acquiring high quality security providers that bring knowledge and experience from specialized customer segments”, says Alf Göransson, President and CEO of the Securitas Group.
The acquisition is consolidated in Securitas AB as of April 15, 2011.