Warburg Pincus and J. Safra Group to acquire from Wendel and CDPQ for $900m.

A consortium formed by Warburg Pincus and J. Safra Group acquired a stake in Allied Universal, a privately-owned facility services company based in the United States, from Wendel and CDPQ for $900m. “Since our 2015 investment in AlliedBarton, the Company has grown revenues from $2bn to over $7bn, achieved through consistent organic growth, M&A, and the merger with Universal Services of America. We are extremely proud of the progress that Steve Jones and the entire Allied Universal team have made during our partnership and look forward to supporting the Company’s continued success.” Adam Reinmann, Managing Director and CEO of Wendel North America.