CDPQ completed the acquisition of a 79% stake in Allied Universal from Wendel for $721m.

CDPQ, an institutional investor, completed the acquisition of a 79% stake in Allied Universal, a security services provider in North America, from Wendel for $721m. "I am delighted to see more high-quality investors join Allied Universal to develop further and strengthen its leadership position in the industry. This transaction further solidifies Wendel's success in the US market and provides additional capital with which to invest in other high-quality companies to grow its portfolio over the long-term," David Darmon, Wendel Deputy CEO.