Private Security Landscape
Private security mainly entails the hiring of additional security detail such as personal bodyguards, armed guards, unarmed guards and some go as far as providing data and cybersecurity. The world of private security is estimated at $180bn with more than 8,000 security companies in the US alone. Our research focuses mainly on the leading private security firms globally.
- G4S is a British multinational firm that offers services such as the provision of security personnel, monitoring equipment, response units, and secure prisoner transport.
- Its headquarters are in London, United Kingdom.
- The company website is; https://www.g4s.com/.
- G4S boasts an array of clients in more than 90 countries across the globe with clients in the public, corporate and private sector. 34% of the Secure Solutions service they offer is to major corporations and Industrials.
- This firm is among the top due to the fact that they serve high worth clients such as the Bank of America, Brook House, and Tinsley House.
- Their revenue is also substantial. The total revenue for the fiscal year ending in 2017 was £7.4 billion, in 2018 that figure had gone up to £7.51 billion.
- In addition, G4S has recently received the National Safety Council's Industry Leader Award. This recognizes its influence and success in the private security sector. With such accreditation, G4S is bound to attract more high-end clients.
2. Allied Universal
- Allied Universal is a major security company in North America, with its headquarter located in Conshohocken, Pennsylvania and Sant Ana, California.
- The company website is; https://www.aus.com/
- Allied Universal boasts luxury residential clients and in addition recognized for the 10th year by Inc. 5000 as a leading provider of security guards as well as technology-driven solutions.
- The financial strength of Allied universal is also evident to show its leadership in the field. In 2018 the annual revenue was $5.83 billion.
- Its acquisition of the US Security Associates is a long term growth strategy to set its mark in Canada, Central America, and the United Kingdom. The additional $1.5 billion and 50,000 employees from USSA is a plus to Allied Universal.
- Securitas is private security, consulting and investigating firm with more than 150,00 clients.
- Its headquarters are in Stockholm, Sweden.
- The company website is; https://www.securitasinc.com/
- Securitas boasts a wide range of high-end clients like the Beach-Front Condos, Florida HOA, Kelly Greens and Luxury HOA. High rise communities like the RM Bradley Property Management and University Towers are also some clients.
- Clients like the Ford Dealership, Ferguson, Micron Technology and High-End Marinas are also some distinguished clients.
- In 2018, Securitas sales reached over MSEK 100 000, in addition, Securitas acquired Automation Alarm in France and Kratos Public Safety and Security in the US to motivate its footprint.
4.Booz Allen Hamilton
- Booz Allen Hamilton is private security and consulting firm.
- Its headquarters is at McLean, Virginia.
- Their website is; https://www.boozallen.com/
- Booz Allen works closely with the U. S government, the US Navy, The Internal Revenue Service
- Booz Allen is a top security firm owing to the fact that it is trusted and contracted by the US government and other high net worth individuals in the energy, healthcare, and manufacturing sector. It also boasts clients from the Middle East and Southeast Asia.
- The firm is also top in terms of revenue. In 2013 the firm had $5.8 billion in revenue, in 2018, the annual revenue stood at $6.2 billion.with an annual net income of $305.1 million.
To obtain accurate information for our research, we first analyzed information on top private security firms in the world from security magazines like securitysales.com and securitymagazine.com. This gave us a wide array of data to work with. In order for us to factor out some firms and stick to the industry leaders and those that serve high worth individuals and corporations, we further analyzed information on the company website to identify the type of clients they serve. It was evident that most of these firms do not name their clients. To further identify the clients, we checked posts and reviews from publications such as The Washington Post, Forbes, and PRNewswire. We also checked their financial reports to get their annual revenues.