SoftBank in Preliminary Talks to Acquire Allied Universal for Up to $18 Billion
The potential price excludes debt; discussions are preliminary, with no guarantee of an agreement. Allied Universal generates approximately $23 billion in annual revenue across more than 100 countries. The potential acquisition follows SoftBank’s $5.4 billion agreement for ABB’s industrial robotics business and its $64 billion investment in OpenAI.
SoftBank Group is discussing a possible acquisition of Allied Universal, one of the world’s largest private-security companies, at a potential valuation of up to $18 billion excluding debt, according to people familiar with the talks. The negotiations are preliminary, and an agreement is not assured. Allied is backed by Warburg Pincus and Canadian pension fund La Caisse. The U.S.-based company generates approximately $23 billion in annual revenue across more than 100 countries, providing security personnel and technology.
It is expanding its use of AI-powered monitoring, incident tracking and security tools, an area that aligns with SoftBank’s focus on workplace automation and robotics. The potential deal follows SoftBank’s $5.4 billion agreement to acquire ABB’s industrial robotics business and its $64 billion investment in OpenAI.