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New Deal


Announced

SSC Security Services to acquire Avante Logixx for $37m.

Financials

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Transaction Value£31m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

Acquisition

Domestic

security services

Canada

Majority

Public

Single Bidder

Security Equipment

Friendly

Synopsis

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SSC Security Services, a security guards and patrol services company, agreed to acquire Avante Logixx, a technology enabled security services company, for $37m. "This is our third acquisition in just over a year, giving us critical mass across the country in the security business. This acquisition represents a critical step towards solidifying our position as a national player in both physical and cyber security services across Canada, coast to coast. Bringing ASI and LSI into the family of SSC security companies significantly accelerates us toward that objective, and we are excited for what the future holds," Doug Emsley, SSC Chairman, President & CEO.

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