Andrews International Acquires U.S. and Mexico Guarding Operations From Garda World Security Corporation

Combined Organization Extends Geographic Reach, Enhances Client-Service Capabilities

LOS ANGELES, CALIF. – June 3, 2009 – Andrews International today announced it has entered into an agreement to acquire the U.S. and Mexico guarding operations of Garda World Security Corporation (TSX:GW) (“Garda”), including the uniformed security, strike security/asset protection and U.S. consulting and investigations operations. This acquisition makes Andrews International the largest privately-held, American-owned security service provider of uniformed security, consulting and investigations and personal protection services in the United States.

With support from Andrews International’s leading investment partner, Audax Group, the transaction closed June 2, 2009 and adds 14 offices and operations across the U.S. and abroad to the firm’s existing infrastructure.  This acquisition continues Andrews International’s growth strategy of organic business development, alliance-building and acquisition to lead the industry in security and risk-mitigation services. Following the merger, Andrews International will restructure its operations into six U.S. regions, providing experienced and customer-focused regional management to its combined diverse client base throughout the U.S. and Latin-America. This integration process will be largely transparent to its clients, without any disruption to provision of services.

“More than ever in this economic climate, Andrews International is committed to increasing capabilities and providing solutions that balance business and security objectives, ultimately bringing value and efficiency to our clients’ security programs,” said Randy Andrews, chairman and CEO of Andrews International. “This is the opportune time to enhance our operations and footprint with the acquisition of a company that values the same core business philosophy as Andrews International: a focus on quality service, flexibility and entrepreneurial innovation. This purchase will bring the strengths of our two companies together, with industry leadership of shared client-centric best practices and an expanded national presence to support our growing customer base.”

The acquisition expands and strengthens Andrews International’s operations in Mexico, with an office based in Mexico City and a strategically formed management team with 14 years of experience operating throughout Mexico. The acquisition of Garda’s Mexico operations will combine Andrews International’s strengths in   international consulting and investigations operations with local experience and expertise to deliver strategic growth and expansion throughout Latin America. The company offers consulting and investigation services to assist with enterprise risk management, cultural awareness and travel security for customers in Mexico, as well as due diligence investigations of employees and business ventures for merger and acquisition, asset and personal protection, monitoring and emergency response planning.

About Garda

Garda, one of the largest integrated physical security and cash logistics firms worldwide on an annualized revenue basis, is well known for addressing complex security and investigations issues. As a leading provider in security services, Garda is recognized as one of the fastest growing companies with operations across Canada, the United States, Latin America, Europe, the Middle East, Africa, and Asia. With approximately 45,000 dedicated professionals, Garda offers integrated solutions in cash logistics, physical security, global risk consulting, investigations, and pre-employment screening. Its team includes specialists and some of the most highly qualified and best-trained experts in the industry. For more information, visit: http://www.gardaglobal.com, http://www.gardacashlogistics.com and http://www.garda-world.com.

About Andrews International

Andrews International, headquartered in Los Angeles, California, is a full-service provider of security and risk mitigation services with operations throughout the United States and internationally.  As one of the largest privately-held, American-owned security firms, Andrews International employs more than 10,500 security personnel, providing uniformed security, consulting and investigative services, personal protection, special event security, specialized training, and disaster emergency response services.  The company is owned by executive and management team members with investment backing from Audax Group.  Please visit the Andrews International website at www.andrewsinternational.com. 

Additional Media Coverage

www.securitymagazine.com

www.securitydirectornews.com

www.cnbc.com

www.securitypark.co.uk

www.retailsecurityportal.com

www.securityinfowatch.com

 

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