Garda World acquires G4S Cash Solutions

Garda World Security Corporation completed the acquisition G4S Cash Solutions (Canada) Limited for aggregate consideration of $110 million (before adjustments).

Garda World provides business solutions and security services around the world.

G4S in Canada provides specialized services for healthcare, oil and gas, retail loss prevention, financial institutions, governments and more. G4S Cash is a cash solutions provider, which includes all outsourcing of cash cycle management, such as cash transportation, cash management, cash consulting, ATM management and retail cash management. As part of the acquisition, approximately 2,400 G4S Cash employees across Canada will join Garda World.

Séguin Racine, Avocats and Stikeman Elliott LLP acted as external counsel for Garda World. Séguin Racine, Avocats' team included Pierre-Hubert Séguin, Stéphane Palardy, Angela Kosciuk, Éric Archambault and Tania Boulanger (corporate and M&A) and Anne-Carole Turgeon (tax). Stikeman Elliott LLP's team included Brian Pukier, Jeff Hershenfield and Cara Cornacchia (corporate and M&A); Lawson Hunter, Jeff Brown, Ashley Piotrowski and Marisa Muchnik (regulatory); Nancy Ramalho, Kathleen Chevalier and Stephanie Weschler (labour and employment); Andrea Boctor, Natasha Vandenhoven and Luc Vaillancourt (pension and benefits); and John Lorito (tax) and Jamie Klein (real estate).

G4S Cash was represented in-house by Soren Lundsberg-Nielsen and Julie Payne. Norton Rose Fulbright Canada LLP acted as external counsel for G4S Cash with a team including Solomon Sananes, Catherine De Laboursodière and Meghan Stewart (corporate and M&A); Richard Wagner and Stephen Nattrass (regulatory); Anne Gallop (labour and employment), Martin Rochette (pension and benefits), Barry Segal (tax), Marie-Andrée Thibault (real estate), Xavier Beauchamp-Tremblay (intellectual property) and Madeleine Donahue (environment).