Allied Universal, renowned security and facility services company in North America, has announced the acquisition of Cypress Private Security, LP - a San Francisco-based company offering comprehensive security services. Terms of the deal were not disclosed.
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“Cypress Private Security is a company that we have long admired and always wanted to partner with,” said Steve Jones, CEO of Allied Universal. “This security company has built a brand and a culture through outstanding employee and client relationships. I am honoured to have Cypress Private Security be part of the global Allied Universal family.” Cypress Private Security is a company that we have long admired and always wanted to partner with"
With revenues in excess of US$ 40 million and more than 1,300 employees, Cypress Private Security has been providing a full range of security solutions encompassing armed and unarmed uniformed officers, mobile patrols, loss prevention programs and emergency security consulting since 1996.
Allied Universal – Cypress partnership
Headquartered in San Francisco, California, Cypress Private Security has multiple offices in Oakland, Calif., Santa Fe Springs, Calif., Modesto, Calif., Los Angeles, Calif., San Jose, Calif., Seattle, Wash. and Las Vegas, Nev. The company’s COO, Jonas Tegnerud, will be joining Allied Universal as Director of Operations in the Northwest region.
“We are excited about this opportunity for our employees to become an integral part of Allied Universal - one of the largest security companies in the country,” said Kes Narbutas, CEO of Cypress Private Security. “We offer a heartfelt thank you to our dedicated employees who provided first-class service to our loyal clients for so many years.”
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