
Deal bulks up rent-a-guard empire CBC News \|\| March 13, 2006 Montreal-based Garda World Security, a giant among Canadian security-guard contractors, says it has bought one of its rivals, Rentokil Initial Canada. The firm said it swung the approximately $60-million deal with loans from BMO Nesbitt Burns and Quebec's $102-billion public pension-fund manager, the Caisse de dépôt et placement. Garda's share price (TSX:GW) spiked as much as 11 per cent higher, touching a new peak of $24.45, after the announcement on Friday. It closed up 7.2 per cent or $1.57 at $23.49 in TSX trading. Article Posted at www.KnowledgeDrivenRevolution.com The acquired operation, better known as Initial Security, was a unit of Britain's Rentokil Initial, whose diverse interests include office cleaning, courier services and pest control as well as security. Based in Edmonton, Initial offers such services as "uniformed protection, labour unrest protection and mobile patrol," Garda said. "Strategically, this acquisition is an excellent complement to our current physical security operations as it creates the critical mass in several major markets in Western Canada and in Ontario," Garda CEO Stephan Cretier said in a statement. Garda, which already had more than 14,000 employees, including security guards, investigators and armoured-car crews, said the deal will expand its payroll to more than 19,000 in 60 branches, and its annual revenues to about $600 million. It will take about six months to merge the two operations, the company said. About KDR \| \| Home \| \| Weekly Features Archive	Weekly Weekly Features Archive
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Deal bulks up rent-a-guard empire

CBC News || March 13, 2006

Montreal-based Garda World Security, a giant among Canadian security-guard contractors, says it has bought one of its rivals, Rentokil Initial Canada.

The firm said it swung the approximately $60-million deal with loans from BMO Nesbitt Burns and Quebec's $102-billion public pension-fund manager, the Caisse de dépôt et placement.

Garda's share price (TSX:GW) spiked as much as 11 per cent higher, touching a new peak of $24.45, after the announcement on Friday.

It closed up 7.2 per cent or $1.57 at $23.49 in TSX trading.

Article Posted at www.KnowledgeDrivenRevolution.com

The acquired operation, better known as Initial Security, was a unit of Britain's Rentokil Initial, whose diverse interests include office cleaning, courier services and pest control as well as security. Based in Edmonton, Initial offers such services as "uniformed protection, labour unrest protection and mobile patrol," Garda said.

"Strategically, this acquisition is an excellent complement to our current physical security operations as it creates the critical mass in several major markets in Western Canada and in Ontario," Garda CEO Stephan Cretier said in a statement.

Garda, which already had more than 14,000 employees, including security guards, investigators and armoured-car crews, said the deal will expand its payroll to more than 19,000 in 60 branches, and its annual revenues to about $600 million. It will take about six months to merge the two operations, the company said.

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