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"Our clients trust the Andrews International team to make business-oriented decisions and provide cost-effective, efficient security services..." Ty Richmond Balanced Organic & Acquisition Growth Pushes Andrews into Top Five Largest Privately-Held Security FirmsClient satisfaction, increased capabilities, added expertise and alliances help Andrews International exceed $200 million in annual revenue with nearly 35% growth in 2008LOS ANGELES, Calif. (September 5, 2008) – Andrews International, one of the top five largest privately-held security providers in the United States (according to Security Letter), estimates revenues exceeding $200 million, or nearly 34% annual growth, in 2008. Growth is based on expanded capabilities, acquisition and established alliances, including $55 million in new business and nearly $10 million in increased contracts with its existing clients. Andrews International has added two new operating regions in 2008 to expand its support of a growing customer base; Northern California region is based in Santa Clara, California, and Mid-America region is based in Benton Harbor, Michigan. The firm will continue to expand it geographic reach and resources to support its more than 1,000 customers. Andrews International employs nearly 7,500 security consultants, officers and personnel at 37 operating locations throughout the United States; providing nearly 210,000 hours per week of contract uniform security in the U.S. and other security services throughout the world. "Our growth is a direct reflection of our ability to leverage our people and capabilities to help clients create security programs that integrate with enterprise objectives," said Randy Andrews, Chairman and CEO, Andrews International, "We are establishing relationships and acquiring companies that expand our reach, compliment our existing capabilities and operate based on a client-centric philosophy." Andrews most recently acquired Seventrees Corporation; a specialized uniformed security, personal protection, special event security and training services company in Michigan. The firm also recently established an alliance partnership with TranSecur, America's oldest continually operating global security information provider, allowing Andrews International to further expand its capabilities to meet the needs of its international customers. Andrews International has continued to build its executive leadership team by hiring professionals with backgrounds in corporate security, specialized law enforcement, law enforcement training, business management, and property management. Recent executive hires include:
"Our clients trust the Andrews International team to make business-oriented decisions and provide cost-effective, efficient security services," said Ty Richmond, Co-president and Chief Operating Officer, Andrews International, "We expect our growth to continue and to invest in diversifying the experience of our senior management team." "The Company's ongoing investments in executive hires that bring industry expertise, technology alliances and resources increase our capabilities as a one source supplier of security services and reinforce our customer-focused goals and growth strategies,” said Jim Wood, Co-president, Andrews International, “Andrews International is the provider of choice for clients searching for a true partnership with innovative and creative solutions to security that are aligned with their business goals." About Andrews InternationalAndrews 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 five largest privately-held, American-owned security firms, Andrews International employs more than 7,500 security personnel providing uniformed security, consulting and investigative services, personal protection, special event security, training and alarm monitoring and response, and disaster emergency response services. The company is owned by executive and management team members with investment backing from DFW Capital Partners, Meridian Venture Partners, Theo Capital Partners and affiliates of New York Life. For more information, please visit the Andrews International Web site at www.andrewsinternational.com. |