ExâTreasury Secretary Leads Massive Private Security Deal
Tim Geithner leads the private equity firm backing the acquisition of private security firm G4S by Allied Universal, creating one of the largest private employers in the world.
Former Treasury Secretary Timothy Geithner seen testifying on Capitol Hill in July 2012
On Tuesday morning, shareholders of London-based G4S, one of the largest private security companies in the world, approved a deal to be bought out by U.S.-based firm Allied Universal. The $5.3 billion deal will create one of the largest private employers in the world, amassing 800,000 workers globally between the two firms. But thereâs one key difference between the two companies: G4S is public, while Allied Universal is backed by private equity.