Securitas acquires risk management assets in the US

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Securitas subsidiary Securitas Critical Infrastructure Services, Inc (SCIS), under the independent direction of its Board, has entered into an agreement to acquire certain inspection and background investigations assets of MSM Security Services LLC.

Securitas Critical Infrastructure Services, Inc is an independent US subsidiary of Securitas AB, which specialises in providing a wide range of security services to federal agencies, aerospace and defense contractors, and federally regulated energy and aviation facilities.

The transaction will expand SCIS’ federal background investigations business and is anticipated to add USD 15M of annual sales.

“Over the past several years SCIS has expanded its service offering into federal background investigations under Kevin’s leadership,” says Tony Sabatino, Executive Vice President, Security Services North America, “this transaction will diversify the service offering of SCIS’ Investigations sector and provide a broader base from which to continue its growth into the future.” The transaction is expected to close after regulatory approval, which is expected during the third quarter of 2019.