FTSE100 international security firm, G4S (LSE: GFS) announced the acquisition of All Star International (All Star) for a cash consideration of US$59.9 million. All Star is the trading name of US secure facilities management company ‘Champions of the West’.
All Star provides facilities management and base operations support to the US Government agencies including the US Department of Defense, Department of Energy and the General Services Administration. All Star has over 1,200 employees and reported annual revenues of $127.5 million in the year to September 2009.
G4S has bought the US company through its American Government service subsidiary, Wackenhut Services Inc (WSI) from John P. Junge and his investment vehicle the Junge Revocable Trust. According to G4S the acquisition supports its strategy of expanding its secure facilities management services in the high-security government sector.
"The acquisition of All Star significantly increases our capabilities and customer offerings. All Stars’ reputation is unrivalled in its market segments.” WSI President and CEO, Dave Foley commented. The combination of these two companies creates a unique organisation which will strongly support the G4S strategic vision and WSI's secure facilities management operational concept."