Press Release Tyco International Ltd. on Sale of North American Guarding Business
TORONTO, CANADA - Seale & Associates, Inc. announced that it acted as exclusive financial advisor to Tyco International Ltd. (NYSE:TYC) on the sale of its North American guarding business of Intercon Security Limited to Garda World Security Corporation. Headquartered in Toronto, Canada, Intercon employs approximately 1,700 security professionals and is one of the largest providers of guarding services in Canada.
Tyco is a global leader in fire and security solutions worldwide. Founded in 1960, Tyco is headquartered in Schaffhausen, Switzerland, with operational headquarters in Princeton, NJ. Tyco serves over 3 million customers in 200 countries and employs approximately 70,000 professionals in over 1,000 locations around the world. The company generated more than US$10 billion in revenue in 2012.
Garda is one of the leading security solutions, cash logistics and global risk consulting firms in the world. Headquartered in Montreal, Canada, Garda is considered one of the top 10 fastest-growing security companies globally and employs over 45,000 professionals in a broad range of services across the world including, North America, Europe, Latin America, Africa, Asia and the Middle East. The company generated US$1.3 billion in revenue in 2012.
Seale & Associates, Inc., headquartered in Arlington, Virginia, is a global investment banking firm with extensive experience in mergers and acquisitions, corporate finance advisory, and enterprise level strategy consulting. Our professionals are trusted advisors maintaining a high level of quality and integrity while presenting innovative ideas and solutions to address our clients' most complex dealings.