G4S North America acquires Adesta
NOVEMBER 17, 2009 -- G4S, which specializes in outsourced business processes in sectors where security and safety risks are considered a strategic threat, says it has acquired Adesta LLC and Adesta LP from McCarthy Group Inc. and a group of senior management employees for $66 million in cash.
NOVEMBER 17, 2009 -- G4S, which specializes in outsourced business processes in sectors where security and safety risks are considered a strategic threat, says it has acquired Adesta LLC and Adesta LP from McCarthy Group Inc. and a group of senior management employees for $66 million in cash. Adesta had revenues of $92 million in 2008.
Adesta provides systems integration and project management services for integrated security systems and communication networks. The company focuses on electronic and physical security offerings, installations, and upgrades for seaports, government facilities, and other infrastructure, along with offering “all types” of networks for voice, data, and video applications. Adesta has over 20 years of experience in the deployment of fiber and wireless technologies for public safety communications, ITS applications, physical security and video surveillance, healthcare, education/distance learning, and broadband communications networks often used to carry video sensor, access control, and other security related data.
Recent Adesta network deployments include school district applications in Virginia and Colorado, as well as a smart grid network for EPB in Tennessee.
Keith Whitelock, president, G4S Technology North America said, “As a leading systems integrator in the design and operation of security systems and command and control centers for government and regulated sectors, the Adesta acquisition is an important strategic step to deliver advanced secure solutions combining G4S manpower and technology to US seaports, where Adesta has an impressive market penetration, and extend this to chemical/petrochemical site security and other critical infrastructure.”
“We are very excited and pleased with the acquisitions by G4S,” said Bob Sommerfeld, president of Adesta. “The combination of innovative technologies and single-source total security solutions will provide customers with ground-breaking services and alternatives never available before. We also look forward to continuing growing our broadband business and sustaining our superior level of services to our broadband customers.”
The acquisition will be subject to customary closing conditions and relevant regulatory approvals