MONTREAL, QUEBEC, CANADA -- (Marketwire) -- 07/13/12 -- Garda Security Solutions, a subsidiary of Garda World Security Corporation (TSX: GW), one of the leading Security Solutions and Cash Logistics firms in the world, announced today the acquisition of McKinnon Services, a privately held security company based in Quebec City, Canada.
"This acquisition complements Garda's strategy of blending organic growth with tuck-in acquisitions in a highly fragmented market," explains Marc-Andre Aube, COO of Garda Security Solutions Canada. "We will integrate this acquisition into our existing security platform to strengthen and extend our services in accordance with Quebec's "Plan Nord" proposal to develop the province's natural resources.
McKinnon Services specializes in industrial and mining projects, generating $18 million in annual revenues and employing 1,500 employees. The company has a strong presence on the Cote-Nord and Abitibi-Temiscamingue regions of Northern Quebec.
The transaction is expected to have an immediate positive impact on financial results.
Garda (TSX: GW) is a global provider of security and cash logistics solutions. With headquarters in Montreal, Canada, the firm's 45,000 dedicated professionals, among the most highly qualified and best-trained in the industry, serve clients in countries throughout North America, Europe, Latin America, Africa, Asia and the Middle East. Garda works with clients in a broad range of sectors and industries including financial institutions, retailers, governments, humanitarian relief organizations and the natural resources, construction and telecommunications industries. Garda's global experts take the time to fully understand their clients' business goals and objectives in order to customize solutions with strong local engagement that meet their needs.
As a result, clients can improve operational performance, meet their business obligations, and achieve their corporate objectives. With proven experience and a commitment to ensuring the highest ethical standards in everything the company does, Garda has earned a reputation for integrity, leadership and uncompromising safety standards. Most importantly, businesses, governments and individual clients place their trust in Garda. For more information, visit: www.garda.com.