Securitas AB Acquires FE Moran Security Solutions
December 16, 2020
Securitas AB has acquired FE Moran Security Solutions for approximately USD 82 million, strengthening Securitas' electronic security capabilities and density in the U.S. Midwest. FE Moran provides electronic security systems integration, installation, maintenance and UL-listed alarm monitoring with a sizeable recurring monthly revenue base; the deal is expected to be accretive and consolidated into Securitas from December 16, 2020.
- Buyers
- Securitas AB, Securitas Electronic Security, Inc.
- Targets
- FE Moran Security Solutions
- Industry
- Professional Services
- Location
- Illinois, United States
- Transaction Type
- Buyout
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