Commercial Services and Supplies
Company Overview of Garda World Security Corp.
Garda World Security Corporation provides business solutions and security services worldwide. The company operates in two segments, Cash Services and Protective Services. The Cash Services segment’s solutions include a combination of armored transportation services, cargo aircraft, deposit processing systems, cash vault services, in-store cash control systems, and check imaging, as well as ATM services. This segment’s platform comprises approximately 280 branches, 3,100 armored and other vehicles, and 155 cargo aircraft serving various customers. The Protective Services segment offers protective services to safeguard the people and assets in various sectors, such as oil and gas sites, proper...
1390 Barré Street
Montreal, QC H3C 1N4
Founded in 1995
Key Executives for Garda World Security Corp.
Founder, Chairman, Chief Executive Officer and President
Chief Financial Officer and Senior Vice President
President of Protective Services Canada and Chief Operating Officer of Protective Services Canada
President of International Protective Services and Chief Operating Officer of International Protective Services
President of Cash Services and Chief Operating Officer of Cash Services
Compensation as of Fiscal Year 2015.
Garda World Security Corp. Key Developments
Garda Reportedly Mulls Sale
Aug 12 15
Garda World Security Corp. is considering a sale that could value it at more than CAD 3 billion including debt, according to sources. Apax Partners LLP owns stake in Garda. Stéphan Crétie, the founder of Garda plans to keep at least some of his equity in Garda, sources added. Garda is engaged with Bank of America Corporation (NYSE:BAC), Jefferies LLC and Royal Bank of Canada (TSX:RY) and is in talks with a small number of private equity firms for the transaction, sources added. Apax, Bank of America, Jefferies and Royal Bank of Canada declined to comment to Reuters.
GardaWorld Obtains Credit Facilities
May 8 15
GardaWorld has entered, as of May 6, 2015, into an amending agreement to its Credit Agreement dated as of November 8, 2013, with the participation of Jefferies Finance LLC. The Incremental Agreement, financed by GardaWorld's current lenders, provides a term incremental facility in an aggregate amount of USD 125 million, the proceeds of which shall be used to repay all the outstanding revolving facilities and for general corporate purposes.
Garda World Security Corporation Reports Earnings Results for the Year Ended January 31, 2014
Apr 28 14
Garda World Security Corporation reported earnings results for the year ended January 31, 2014. The company reported net loss for the year ended January 31, 2014 of CAD 102.29 million, compared to net loss of CAD 39.96 million for the year ended January 31, 2013. Revenues were CAD 1.51 billion, compared to CAD 1.35 billion for the year ended January 31, 2013. Loss before finance costs and income taxes was CAD 8.66 million, compared to a gain before finance costs and income taxes of CAD 22.85 million for the year ended January 31, 2013. Loss before income taxes for the year ended January 31, 2014 was CAD 134.81 million, compared to loss before income taxes of CAD 51.67 million for the year ended January 31, 2013.
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