logo
Share SHARE
FONT-SIZE Plus   Neg

G4S To Dispose US Government Solutions Business - Quick Facts

UK's private security firm G4S Plc (GFS.L, GFSZY.PK), following a strategic business review, has decided to divest its US Government Solutions business.

G4S Government Solutions Inc. provides security, fire protection, facilities management, training and mine clearance services to US Government organisations, including the Departments of Energy, Homeland Security and Defense in addition to international organisations like NATO and the United Nations, both within the U.S. and overseas. G4S Government Solutions' revenues totaled about 400 million pounds in 2012.

G4S hopes that an alternative parent would be able to create or add more value to the business than G4S. As a non-US parent, with restricted access to important commercial data, the company said its ability to manage the business and share best practice is severely limited.

G4S would retain its US commercial security business, that provides a broad range of security services and technology to commercial companies and Government departments at a Federal, State and local level, where high level security clearances are not required. The revenues of this business, combined with G4S' other ongoing US operations were around 1.2 billion pounds in 2012.

Houlihan Lokey was appointed to manage the disposal process and the transaction is likely to complete within the next six months.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
As most of us are painfully aware, the days of the pension are mostly gone. The percentage of employers still offering a traditional defined benefit pension plan to newly hired employees fell from about 50% to 5% between 1998 and 2015, according to advisory firm Willis Towers Watson. Many companies... Cruise Critic, a cruise reviews and information site, has announced its 10th annual Editors' Picks Awards for the best cruise ships and lines of 2017. The awards are given in three categories - ocean cruises, luxury cruises and river cruises. Viking Cruises, with five wins, topped the list of award winners. Following Viking in second spot was Crystal Cruises, with four awards. French real estate company Unibail-Rodamco SE Tuesday announced that it has entered into an agreement to acquire Australian shopping centre group Westfield Corp. in a deal that implies an enterprise value of $24.7 billion. The deal is expected to create the world's premier developer and operator of flagship shopping destinations with 61.1 billion euros or $72.2 billion of Gross Market Value.
comments powered by Disqus
Follow RTT