Allied Universal, a facility services and security company with over 150,000 employees, today announced its acquisition of the Philadelphia-based Covenant Security Services, Ltd, a major regional provider of security services.
“Adding such a well-established company like Covenant Security to our organization fulfills one of our strategic goals,” said Steve Jones, Allied Universal CEO. “Covenant Security is a demonstrated leader in several vertical markets and has great leadership. That combination made it a perfect fit for our long-term expansion plans. The additional resources and services we will now have in several vertical markets is paramount to why we completed this deal. We are excited about combining the Covenant team with the Allied Universal family and the future success it will bring.”
Covenant Security brings new clients to Allied Universal in commercial real estate, defense, aerospace and manufacturing. The largest share of clients come from the chemical and petrochemical sectors.
“Pairing Covenant with Allied Universal is a natural move for both organizations,” said Gregory Iannuzzi, President of Covenant Security Services. “Combining Covenant’s client-driven approach and award-winning safety culture with AU’s scale and technological sophistication is a win-win for everyone.”
Covenant has 1,9000 employees throughout the U.S and $80 million in annual revenue.