Securitas Transport Aviation Services USA has acquired Global Elite Group, a leading security services provider to the aviation industry in the US. The purchase price is approximately US$22 million contingent upon reaching certain targets.
Global Elite Group is based in Garden City, New York and specialises in providing high-level security services to various airlines, airports and airport-related customers. The company’s current customer base consists of more than 60 commercial airlines as well as numerous general aviation clients.
The growth pattern in the company has been solid over the years with total sales expected to be US$32 million for 2018. The number of employees at the company is approximately 1,050.
Securitas runs a two-fold strategy in the US aviation market, addressing both the Federal Government with passenger and baggage screening for the Transportation Security Administration, as well as security services for the commercial market such as airlines, airports and airport-related customers (eg cargo). The estimated market volume for the latter (ie the commercial market related to 450 airports) is between US$1.3 and 1.8 billion.
The acquisition is consistent with Securitas’ strategy of expanding in the aviation industry. Global Elite Group is considered a premier aviation security service provider in the US. The company will strengthen and complement Securitas’ current aviation offer. The combined network, footprint, licenses and know-how will increase the value Securitas brings to its existing and new customers.
“We’re looking forward to welcoming the team from Global Elite Group into our airport security organisation in the US,” stated Marc Pissens, president of Securitas Aviation and a member of the Securitas Group Management. “Together, we will form a strong team. There are many opportunities for us in this growing market that we are looking forward to exploring.”
William McGuire, president and CEO of Global Elite Group, responded: “We’re excited about this new chapter for our company in joining Securitas and look forward to continued growth and success in the aviation security market.”
The acquisition is consolidated in Securitas as of Thursday 10 January 2019.