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February 10, 2016 9:57 PM ET

Commercial Services and Supplies

Company Overview of Garda World Security Corp.

Company Overview

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

48,000 Employees





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

Apax Partners Reportedly Ended The Auction To Sell Garda World Security

Apax Partners LLP has reportedly ended the auction to sell the Garda World Security Corp. for more than $2.3 billion after putting it on the block last summer, The Post has learned. Stéphan Crétier, Chief Executive Officer of Stéphan Crétier, was one obstacle to a sale, sources said. “He wanted an extraordinary degree of control over everything, and that chased away bidders,” a source said. Apax declined comment.

Garda Reportedly Mulls Sale

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

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.

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