Blackstone (BX) announced that private equity funds it manages have agreed to sell AlliedBarton to Wendel SE for approximately $1.67 billion. AlliedBarton is a U.S.-based provider of security services to more than 3,300 customers, including 200 members of the Fortune 500.
Based in suburban-Philadelphia, AlliedBarton has more than 60,000 employees and 120 regional offices located throughout the United States.
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