A GardaWorld truck near the company’s Mississauga headquarters in 2021.Fred Lum/the Globe and Mail
GardaWorld Security Corp.‘s founder and chief executive is taking control of the Canadian security company from U.K. private equity firm BC Partners in a deal valued at $13.5-billion.
Stephan Crétier and a senior GardaWorld management group are buying BC Partners’ majority stake in the company and will hold roughly 70 per cent of the equity, while a group of minority investors led by New York-based HPS Investment Partners takes the remaining interest, the companies said in a Monday news release.
BC Partners will stay invested with a small position. No other financial information was disclosed about the deal, which those involved are calling the largest private buyout in Canadian history.
“In an increasingly complex world, I have discovered that prominent organizations aspire to partner with a vetted entrepreneurial success story,” Mr. Crétier said in a statement.
“GardaWorld is more than one entrepreneur. It is a group of truly aligned like-minded leaders committed to doing what is best for clients, employees and stakeholders … We have come a long way since our modest beginnings.”
