113-Year-Old MN Security Co. Acquired By CA Firm
Universal Protection Service acquired Hannon Security Services, Inc., a security personal provider and trainer based in Bloomington, for an undisclosed sum on Monday.
Hannon was founded in 1901 and offers security training, mobile security patrol services, fingerprinting, and unarmed security officers for places like manufacturing plants, warehouse facilities, retail malls, construction sites, and office buildings.
Universal Protection Service employs about 400 people and its largest clients include Fridley-based Medtronic and American Express. Hannon will now operate under the Universal Protection Service moniker.
Universal Protection Service bills itself as the fifth-largest security company in the country and the third-largest U.S.-owned security organization. Universal Protection Service is a division of Universal Services of America, which also includes Universal Building Maintenance, Universal Protection Security Systems, and Universal Fire/Life Safety Services.
“What attracted us to Hannon is their rich history of delivering the highest level of security services within the state of Minnesota,” Universal Services of America CEO Steve Jones said in a statement. “With our entry into the market, we were looking for a company that could help bolster our resources and depth within the state and Hannon had all of the key ingredients we look for when making an acquisition.”
Jones added that the acquisition will make Universal Protection Service a “very strong player” in the state of Minnesota with “unmatched depth and resources.”
In February, Universal Protection Service also acquired Georgia-based security and risk management firm International Security Management Group, Inc., for an undisclosed sum. And the month before, it bought Hawaii-based security services firm Kiamalu Consulting & Investigations Agency for an undisclosed sum.