LOS ANGELES, Jan. 29 /PRNewswire/ -- Andrews International today announced it has entered into an agreement to acquire A&S Security (A&S), a California-based full service security company. The acquisition furthers Andrews International's position as the largest privately-owned U.S. full-service provider of security and risk mitigation services. It also brings Andrews International additional expertise and resources in open-air strip center guarding operations, enabling the company to deliver industry-leading service to customers throughout its U.S. Western Region, and creating model that can be easily rolled-out to other geographic locations in order to facilitate growth.
With support from Andrews International's investment partner, Audax Group, the acquisition of A&S closed January 25, 2010. The agreement will bring Andrews International an additional office in Covina, CA, expanding and facilitating service capabilities from Greater Los Angeles to the High Desert region of California and into Arizona. Andrews International will acquire all of A&S' security assets, guarding operations, a fleet of patrol vehicles, while retaining its current owners and personnel to manage and service clients. Andrews International will also be merging new technology with A&S resources and operations, allowing the company to deliver advanced and additional security services to customers.
Founded in 1986, A&S provides a wide range of security services, including state-licensed officers, security consultation, loss prevention, undercover operations and background investigations. The company's diverse clients include schools and colleges, shopping malls, office complexes, apartment buildings, industrial and construction sites, hotels, hospitals and studios, with a particular emphasis on strip centers. Working hand-in-hand with law enforcement agencies, A&S offers clients a team of experienced specialists and technicians, state-of-the-art equipment, as well as superior 24x7 response to meet specific security requirements.
"A&S has created a very successful operation that has inspired tremendous client loyalty," said Randy Andrews, chairman and CEO of Andrews International. "With our combined experience and resources, we have a win-win situation benefiting both companies, as well as all clients. Furthermore, not only does this acquisition expand our security capabilities throughout the Western region, it creates the premier strip mall security model, one that can easily be rolled-out to other geographic locations to facilitate the further growth of Andrews International."
"Both companies enjoy strong reputations based on the belief that quality security requires close client relationships," said Tom Andrews, founder of A&S. "Strip centers in particular don't have the financial resources of larger properties and many uniformed security providers aren't positioned to deliver a level of service that includes constant contact with property managers, precise planning, responsiveness and 'feet on the ground' lead by experienced field supervisors. This has always been our approach, one that is shared by Andrews, and we look forward to making further inroads into this market together."
Andrews International's portfolio of services includes uniformed security, consulting and investigations, personal protection, asset protection/strike security, special event security, training, alarm monitoring and response, and disaster and emergency response services in all 50 states and internationally, serving a wide range of Fortune 500 corporations.
Today's news continues Andrews International's growth strategy of organic business development, alliance-building and acquisition. Most recently, in November of 2009, Andrews International acquired Verasys LLC, a Miami based consulting firm focused on global risk mitigation, investigations, with a growing uniformed security services division. The agreement brought Andrews International additional offices in Miami, Tampa, Dallas, Atlanta and Bogota, Colombia, expanding and facilitating service capabilities in all 50 states and Latin America. In June of 2009, Andrews International acquired the U.S. and Mexico guarding operations of Garda World Security Corporation (TSX: GW), including its uniformed security, strike security/asset protection and U.S. consulting and investigations operations, encompassing 14 offices across the U.S. and abroad.
About Andrews International
Andrews International, headquartered in Los Angeles, California, is a full-service provider of security and risk mitigation services with operations throughout the United States and internationally. As the largest privately-held, American-owned security firm, Andrews International employs more than 10,500 security personnel, providing uniformed security, consulting and investigative services, personal protection, special event security, specialized training, and disaster emergency response services. The company is owned by executive and management team members with investment backing from Audax Group. Please visit the Andrews International website at www.andrewsinternational.com.
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