SSC SECURITY SERVICES TO GO PRIVATE IN ALL-CASH TRANSACTION WITH ALLIED UNIVERSAL, WORLD'S LARGEST SECURITY COMPANY, WITH CONCURRENT MANAGEMENT BUY-OUT
SSC Security’s takeout at a 119% premium finally rewards shareholders after years of chronic undervaluation, confirming the board’s decision to seek strategic alternatives was the right one.
Allied Universal, the world’s largest security company, has signed a definitive agreement to acquire all outstanding SSC Security Services Corp. shares for $4.4075 per share in cash, valuing the company at approximately C$80.5 million on a fully diluted basis. Concurrently, SSC’s cyber security and legacy agriculture operations will be carved out and sold to a management-controlled entity for $1.5 million in cash (+ assumed liabilities). The deal represents a 119% premium to SSC’s last close ($2.01 on May 25, 2026) and an 86% premium to the one‑year VWAP. Directors and senior officers, holding 34.4% of shares, have signed voting support agreements. The transaction, structured as a statutory plan of arrangement, requires shareholder and court approval, but has no financing or due diligence conditions. Closing is expected in July 2026, after which SSC shares will be delisted and all in‑the‑money equity awards will be cashed out.
This is a transformative, game‑changing event. Shareholders receive an immediate, all‑cash exit at a price well above any level the stock has ever traded – the CEO notes it is a >35% premium to the highest price SSC ever achieved as a security company. The absence of financing or due diligence conditions removes the typical closing risk, and the locked‑up insider support makes a failure to obtain shareholder approval highly unlikely. The buyout crystallizes value that the market refused to assign despite record revenues, a debt‑free balance sheet, and consistent buybacks. For an equity that had slumped to $1.88 in March 2026, the $4.4075 offer is a dramatic positive shock and meets the strict definition of Material‑Game Changer (takeover/M&A with significant market‑cap impact).
SSC Security Services Corp. is a Canadian provider of physical security and cyber security solutions. Its physical security business is the primary revenue driver and the principal asset being acquired by Allied Universal. There is no single “flagship project” – the company operates through long‑term contracts and recurring service mandates. The concurrent MBO will spin off the smaller cyber security and legacy agriculture assets into a separate entity.