Garda World Security Corporation
TSX : GW

Garda World Security Corporation

December 07, 2006 10:30 ET

Garda Acquires Kroll Security International

Acquisition includes service agreement with Kroll for key security services

MONTREAL, QUEBEC--(CCNMatthews - Dec. 7, 2006) - Garda World Security Corporation (TSX:GW), a global leader in security and investigations services, announced today that it has acquired Kroll Security International, a leading international provider of high-risk market security services from Kroll, Inc., a wholly-owned subsidiary of Marsh & McLennan Companies, Inc. (MMC).

As part of this transaction, Kroll Inc. will enter into a service agreement with Garda for all its executive protection and kidnap and ransom service needs.

Kroll Security International (also known as "KSI"), with annual revenue of approximately US$42 million, is headquartered in London with operations throughout the world. The company provides comprehensive services including asset protection, consulting, intelligence, crisis response, and kidnap and ransom. The firm's clientele includes government entities and international organizations, as well as multinational corporations operating in high-risk environments. The company has significant operations in England, Iraq, Afghanistan, Pakistan, Indonesia and the United Arab Emirates.

Kroll and Garda will work closely together to provide a seamless transition for KSI's existing clients. KSI's London office and personnel will be combined with Vance's London operations, which provide a full range of security consulting services for corporate and government entities in high-risk markets throughout Europe, the Middle East and Africa. The combined global risk business units will operate under the name GardaWorld (GW).

"Global security consulting services are essential to business success in high-risk markets today and Garda is meeting that need by continually strengthening its presence around the world" says Stephan Cretier, President and CEO of Garda. "The integration of KSI with Vance International, our leading security consulting, investigations, and physical security division, is a logical and significant expansion of Garda's global presence and scope. Vance is well known internationally for its strong expertise, reputation, service standards, and proven track record in high-risk markets and the addition of KSI will accelerate our growth in this key area of the security market."

The Vance portfolio of security consulting services includes risk analysis and planning, investigations, crisis management, asset protection, executive protection, GPS tracking, cargo security, as well as kidnap and ransom services.

"With the acquisition of KSI, we now have the opportunity to better support our clients in high-risk regions around the world," adds LeMarque Sheppard, President of Vance International, who will be leading the new GardaWorld global risk entity. "Governments are increasingly outsourcing critical security functions. Corporations are rapidly expanding their footprint in regions where instability and risk must be effectively addressed. The need for services of non-government organizations (NGOs) continues to expand dramatically. Our global service offering is well aligned with these growing needs," Sheppard concludes.

Deutsche Bank Securities Inc. acted as financial advisor to Garda on the transaction.

About Garda

Garda is well known for addressing complex security and investigations issues. As a well-established leading provider in security services, Garda is recognized as one of the fastest growing companies in North America, with offices from coast-to-coast in Canada, as well as in the United States, Mexico, and Europe. With a team of over 21,000 employees, Garda offers integrated solutions in cash handling, physical security, consulting and investigations, and pre-employment screening. Its team includes specialists and some of the most highly qualified and best-trained professionals in the industry. For more information, visit: http://www.gardaglobal.com

About Vance International

Vance, a Garda company, is the first choice of professionals who need dependable advice to manage risks. With more than 3,700 employees and highly specialized solutions, clients count on us to help them proceed in business and in life with confidence. Vance is one of the most trusted investigation and security consulting firms in the world, with operations in the Americas, Europe, and the Middle East. For more information, visit http://www.vanceglobal.com

About Kroll

Kroll, the world's leading risk consulting company, provides a broad range of investigative, intelligence, financial, security and technology services to help clients reduce risks, solve problems and capitalize on opportunities. Headquartered in New York with offices in more than 65 cities in over 25 countries, Kroll has a multidisciplinary corps of approximately 3,900 employees and serves a global clientele of law firms, financial institutions, corporations, non-profit institutions, government agencies, and individuals. It is a subsidiary of Marsh & McLennan Companies, Inc. (NYSE:MMC), a global professional services firm. For more information, visit http://www.kroll.com

FORWARD-LOOKING INFORMATION -- This press release contains forward-looking statements reflecting Garda objectives, estimates, expectations and the impact of acquisitions on Garda's financial performance. These statements are identified by the use of verbs such as "believe", "anticipate", "estimate", and "expect" as well as by the use of future or conditional tenses. By their very nature, these types of statements involve risks and uncertainty. Consequently, reality may differ materially from Garda's projections or expectations.

Contact Information

  • Garda World Security Corporation
    Nathalie de Champlain
    Vice President, Communications
    Office: 514-281-2811 x 2800 or 800-859-1599 x 2800
    Cell.: 514-830-2800
    ndechamplain@gardaglobal.com
    or
    Canadian Contact
    Morin Public Relations
    Laird Greenshields
    Office: 514-289-8688 x 221 or 877-289-7007
    Cell: 514-712-3252
    laird@morin-relationspubliques.com
    or
    U.S./European Contact
    Davies Murphy Group
    Joe Gavaghan
    Office: 781-418-2419
    Cell: 617-283-4936
    jgavaghan@daviesmurphy.com