Jun 2009

Audax Group Announces the Acquisition of Garda’s U.S. and Mexico Guarding Operations for Andrews International

Audax Group announced it has completed the acquisition of the U.S. and Mexico guarding operations of Garda World Security Corporation (TSX:GW) (“Garda”). The acquisition further expands the national and international presence of Andrews Holding, LLC (“Andrews International”), which Audax Group acquired in October 2008. Headquartered in Washington, D.C., with 13 additional branch offices, Garda’s U.S. and Mexico guarding operations provide uniformed security, strike security/asset protection, and consulting & investigation services. Andrews International is a leading full-service security company with 23 offices across the U.S.

Geoffrey S. Rehnert, Co-Chief Executive Officer, Audax Group, said “The acquisition of Garda’s U.S. and Mexico guarding operations expands Andrews’ presence in the U.S. and extends their presence into Latin America. We will continue to work with management to build a leading global security company through add-on acquisitions that complement the company’s services and expand its geographic reach.”

Randy Andrews, Chairman and CEO of Andrews International, said “We are excited for this opportunity to enhance our operations and footprint with the acquisition of a company that values the same core business philosophy as Andrews International: a focus on quality service, flexibility and entrepreneurial innovation.”

Ropes & Gray LLP advised Audax Group. Lazard Middle Market advised Garda.