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{{Short description|Security company}}
{{About|a Québec-based security firm|the Republic of Ireland police force|Garda Síochána}}
{{About|a Québec-based security firm|the Republic of Ireland police force|Garda Síochána}}

{{Infobox company
{{Infobox company
| name = GardaWorld Corporation
| name = GardaWorld Corporation
| logo = GardaWorld logo.png
| logo = GardaWorld logo.png
| type = [[Private company|Private]]
| type = [[Privately held company|Private]]
| traded_as =
| traded_as =
| genre = [[Security guard|Security services]]
| genre = [[Security guard|Security services]]
| foundation = <!--modifies "Founded" entry-->
| foundation = <!--modifies "Founded" entry-->
| founder = Stephan D. Cretier
| founder = [[Stephan Crétier]]
| location = 2300, rue Émile-Bélanger <br />[[Montreal]], [[Quebec]]<br />H4R 3J4
| location_city = [[Montréal]], [[Québec]]
| location_country = [[Canada]]
| location = <!--modifies "Headquarters" entry-->
| locations = <!--# of locations-->
| locations = <!--# of locations-->
| origins =
| origins =
| key_people = CEO: Stephan D. Cretier
| key_people = CEO: Stephan Crétier<br />CFO: Patrick Prince<br />President, GWFS: Pete Dordal
CFO: Patrick Prince
| area_served =
| area_served =
| industry = Security & Protection Services and Cash Management Services
| industry = Security & Protection Services and Cash Management Services
Line 21: Line 18:
| services = Security and Cash Services Solutions
| services = Security and Cash Services Solutions
| market cap =
| market cap =
| revenue = $5.300 billion [[Canadian dollar|CAD]] (2023)<ref name="financial">{{cite web|url=https://www.garda.com/sites/default/files/2023-08/GardaWorld-2023-Sustainability-Report.pdf|title= GardaWorld 2023 SUSTAINABILITY REPORT|publisher=Garda World Inc.|date=28 Dec 2023}}</ref>
| revenue =
| operating_income =
| operating_income =
| net_income =
| net_income =
| num_employees = 102 000 (January 2020)
| num_employees = 122,000 (January 2020)
| parent =
| parent =
| divisions =
| divisions =
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}}
}}


'''GardaWorld Corporation''' is a Canadian [[security guard|private security]] firm, based in [[Montréal]], [[Québec]], with 102 000 employees as of January 2020.
'''GardaWorld Corporation''' is a Canadian [[private security]] firm, headquartered in [[Montreal]], [[Quebec]], with 120,000 employees as of January 2022. Its U.S. business name is United American Security LLC, dba GardaWorld.


GardaWorld International Protective Services,<ref>[http://www.garda-world.com/ GardaWorld International Protective Services]</ref> the international division of the company, began operations in 1984. GardaWorld Security Corporation was established as Trans-Québec Security Inc. by [[Stéphan Crétier]] in 1995, who invested initially $25 000.<ref name=GM>{{cite web| title=Garda World Security founder leads company buyout | author=Sean Silcoff| publisher=The Globe and Mail| url=https://www.theglobeandmail.com/globe-investor/garda-world-security-founder-leads-company-buyout/article4526784/| date=7 September 2012}}</ref> The company runs physical security guard services and armoured car services globally, with over 200 offices worldwide.<ref>[http://www.garda.com/en/who-we-are/fast-facts/ GardaWorld fast facts]</ref>
GardaWorld International Protective Services,<ref>{{Cite web|url=https://www.garda.comwww.garda.com/|title=GardaWorld &#124; Security Services &#124; Cash Services|website=www.garda.comwww.garda.com}}{{Dead link|date=May 2024 |bot=InternetArchiveBot |fix-attempted=yes }}</ref> the international division of the company, began operations in 1984. GardaWorld Security Corporation was established as Trans-Québec Security Inc. by [[Stephan Crétier]] in 1995, who invested initially $25,000.<ref name=GM>{{cite web| title=Garda World Security founder leads company buyout | author=Sean Silcoff| publisher=The Globe and Mail| url=https://www.theglobeandmail.com/globe-investor/garda-world-security-founder-leads-company-buyout/article4526784/| date=7 September 2012}}</ref> The company runs physical security guard services and armoured car services globally.<ref>[http://www.garda.com/en/who-we-are/fast-facts/ GardaWorld fast facts]</ref>


== Activities ==
==History==
⚫
During the mid-2000s, GardaWorld had a number of acquisitions, the one of which was a $391 million deal for the US security-oriented firm ATI Systems International, in which GardaWorld ended up suing ATI's former [[CEO]] for allegedly misrepresenting its financial situation, while the CEO sued for wrongful dismissal.<ref name=GM />
GardaWorld is involved in various business fields:<ref>[http://www.garda.com/en/our-businesses/ GardaWorld business units]</ref>
* Protective services: security officers, mobile patrol, loss prevention and investigations services across Canada
* Aviation services: pre-board screening in 28 Canadian airports with the [[Canadian Air Transport Security Authority]][[File:GardaWorld Armored Truck.jpg|thumb|GardaWorld Armoured Truck]]
* International Protective Services : diplomatic protection, crisis management in Asia, Latin America, Africa and in the Middle East <ref>{{cite web| title=Why is Montreal’s GardaWorld on the outs in both Afghanistan and Iraq? | author=Matthew McClearn| publisher=Canadian Business| url= http://www.canadianbusiness.com/companies-and-industries/the-enemy-unseen-6/}}</ref>
* Cash Services: cash in transit and vault solutions in North America


In January 2006, Vance International was purchased from [[SPX Corporation]].<ref>[https://www.securityinfowatch.com/security-executives/protective-operations-guard-services/press-release/10560264/securityinfowatchcom-garda-completes-acquisition-of-vance-international Garda completes acquisition of Vance International] ''Security Infowatch'' January 18, 2006</ref> In December 2006, Kroll Security International was purchased from [[Kroll Inc|Kroll]].<ref>[https://web.archive.org/web/20231111115117/https://www.theglobeandmail.com/report-on-business/garda-buys-kroll-security/article1111420/ Garda buys Kroll Security] ''[[Globe & Mail]]'' December 7, 2006</ref>
⚫
During the mid-2000s, GardaWorld went on a poorly timed and debt-fueled spree of acquisitions, the most crucial of which was a $391 million deal for Californian security-oriented firm ATI Systems International Inc.<ref name=GM /> This deal however soon proved to be a poor choice; GardaWorld ended up suing ATI’s former [[CEO]] for allegedly misrepresenting its financial situation, while the CEO sued for wrongful dismissal.<ref name=GM />


On June 3, 2009 GardaWorld announced the sale of its U.S. and Mexico guarding operations to Andrews International for a total cash consideration of US$44.25 million, following a particularly poor financial performance the previous year; in mid-2008, GardaWorld’s stock fell by more than 90%.<ref name=GM /> Debt restructuring followed and the company was left afloat, but looking weak in the eyes of its investors. Over the next few years, the results gradually improved and this was attributed to high demand for services in the Middle East and Afghanistan.<ref name=GM />
On June 3, 2009, GardaWorld announced the sale of its U.S. and Mexico guarding operations to Andrews International for US$44.25 million, following a particularly poor financial performance the previous year; in mid-2008, GardaWorld's stock fell by more than 90%. Debt restructuring followed and the company was left afloat, but looking weak in the eyes of its investors. Over the next few years, the results gradually improved and this was attributed to high demand for services in the Middle East and Afghanistan.<ref name=GM />


GardaWorld has also resumed making acquisitions in the past year, which has driven its debt to $639 million, 4.2 times that of its operating profit (as of 7 September 2012).<ref name=GM /> This has prompted owner Stéphan Crétier to lead a buyout of his firm and he has revealed plans with a British private equity firm, [[Apax Partners]], that could result in a $300 million ownership division of the company.<ref name=GM />
GardaWorld resumed making acquisitions, which drove its debt to $639 million, 4.2 times that of its operating profit (as of September 7, 2012). This has prompted owner Stéphan Crétier to lead a buyout of his firm and he has revealed plans with a British private equity firm, [[Apax Partners]], that could result in a $300 million ownership division of the company.<ref name=GM />


On July 13, 2015, GardaWorld announced the acquisition of Aegis Defence Services to expand in Africa and the Middle East.<ref>{{Cite web|date=2015-07-13|title=GardaWorld Announces Strategic Expansion to Become the Premier Security Provider in Africa and the Middle East|url=http://www.globenewswire.com/news-release/2015/07/13/1160831/0/en/GardaWorld-Announces-Strategic-Expansion-to-Become-the-Premier-Security-Provider-in-Africa-and-the-Middle-East.html|access-date=2020-07-30|website=GlobeNewswire News Room}}</ref> The acquisition was completed on 12 October 2015 for $131 million plus an earnout amount.<ref>{{Cite web|title=Mergers & Acquisitions - Highlights|url=https://seguinracine.com/en/mergers-and-acquisitions-highlights/|access-date=2020-07-30|website=Séguin Racine|language=en-US}}</ref>
On August 28, 2013, an agreement had been reached for the acquisition of [[G4S|G4S Cash Solutions]] Limited in [[Canada]], for approximately $110 million, with the deal expected to be finalized before the end of the year<ref>{{cite news|title=Sale of G4S Cash Solutions Canada Limited|url=http://www.g4s.ca/en-CA/Media%20Centre/News/2013/08/28/Sale%20of%20G4S%20Cash%20Solutions%20Canada%20Limited/|accessdate=11 September 2013|date=28 August 2013}}</ref>


⚫
Rhône acquired the business in 2017, alongside Crétier and some members of management from Apax Partners, in a deal valued at $2.2 billion. Apax originally took the company private in 2012 for about C$1.1 billion.
7/23/19 (via Adam Lewis/PitchBook) BC Partners bought a 51% stake in private security company Garda World Security from Rhône Capital in a deal that values the Montreal-based business at C$5.2 billion (about $3.96 billion). As part of the deal, Garda World (branded as GardaWorld) founder and CEO Stephan Crétier and the company's management team will retain a 49% stake.


In November 2019, GardaWorld acquired UK-based specialist in travel risk management, Drum Cussac.<ref>{{Cite web | url=https://scaleupcapital.com/2019/11/drum-cussac-acquired-by-gardaworld/ | title=GardaWorld, the world's largest privately owned integrated security and risk company acquired Drum Cussac}}</ref>
⚫
It wasn't a particularly lengthy ownership period for Rhône, which acquired the business in 2017 alongside Crétier and some members of management from Apax Partners in a deal valued at $2.2 billion. Apax originally took the company private in 2012 for about C$1.1 billion.


== Incidents ==
⚫
==2020 investigation into armored truck crashes and deaths==
[[File:GardaWorld camion.jpg|thumb|A GardaWorld armored truck, 2016]]


⚫
=== 2020 investigation into armored truck crashes and deaths ===
A March 1, 2020 article by the [[Tampa Bay Times]] found the company engaged in a decade of dangerous behavior and its trucks frequently causes crashes: "At least 19 people have been killed in Garda crashes since 2008, three in the past year alone."<ref>[https://projects.tampabay.com/projects/2020/investigations/garda-world/armored-trucks/ Moving Millions, Leaving Mayhem: As it built an armored truck empire, GardaWorld took dangerous shortcuts. Its workers and unsuspecting motorists suffered the consequences.]</ref><ref>[https://www.10news.com/news/local-news/new-claims-added-in-la-jolla-wrongful-death-lawsuit?_amp=true New claims added in La Jolla armored car wrongful death lawsuit]</ref><ref>[https://www.wfaa.com/article/news/widow-says-video-reveals-truth-of-husbands-death-in-motorcycle-crash/287-584128613 Widow says video reveals truth of husband's death in motorcycle crash: Virgilio Martinez was on his motorcycle when he and a Garda armored truck collided in Arlington on Collins near Six Flags.]</ref><ref>[https://news.law/new-allegations-in-mikaela-jones-wrongful-death-case-blame-garda-for-negligently-entrusting-armored-truck-to-driver/?utm_source=News.Law&ut New Allegations in Mikaela Jones Wrongful Death Case Blame Garda for Negligently Entrusting Armored Truck to Driver]</ref><ref>[http://www.chathamstartribune.com/news/article_9e41be72-d0ce-11e9-8929-134a29cac8a1.html GardaWorld issues statement following fatal crash in Chatham]</ref><ref>[https://blog.cvn.com/100m-wrongful-death-trial-over-motorcyclists-collision-with-armored-truck-settles-during-jury-deliberations $100M Wrongful Death Trial Over Motorcyclist’s Collision With Armored Truck Settles During Jury Deliberations]</ref> Based in part on a former employee's documents and data (which GardaWorld has unsuccessfully argued was stolen from the company) and then used unsuccessfully in two dismissed lawsuits <ref>[https://www.pacermonitor.com/public/case/23693888/UNITED_STATES_OF_AMERICA,_ex_rel_CHRISTINE_BOUQUIN_v_GARDA_WORLD,_et_al/ Dismissed Lawsuit: UNITED STATES OF AMERICA, ex rel CHRISTINE BOUQUIN v GARDA WORLD, et al]</ref> and 90 interviews, 56 of them being current or former drivers, the article shows that Garda trucks frequently lacked reliable brakes, seat belts and sometimes even seats. The article also documents that drivers often received barely any training and said they were pressured to work long hours, even after repeated crashes.<ref>[https://projects.tampabay.com/projects/2020/investigations/garda-world/armored-trucks/ Moving Millions, Leaving Mayhem: As it built an armored truck empire, GardaWorld took dangerous shortcuts. Its workers and unsuspecting motorists suffered the consequences.]</ref><ref>[https://www.linkedin.com/pulse/court-records-show-gardaworlds-pattern-running-fines-guilty-bouquin?trk=d_public_post_promoted_post Court Records Show GardaWorld's Pattern of Running Red-Lights, Non-Payment of Fines, Collections, Guilty Plea, and License Suspension]</ref> The GardaWorld database showed that during one period there were over 100 crashes on average monthly and that over a two and half year period over 320 people were injured.<ref>[https://www.auditconsultingeducation.com/mayhem-no-not-allstate-gardaworld/ Mayhem: No, not Allstate. GardaWorld.]</ref> Additionally, the former employee alleges that GardaWorld offered to pay her to buy her silence, but that she chose not to accept money because: "I know I made the right decision by not accepting the money or signing a release. I believed in the truth prevailing - and am grateful to be able to share my story to help others."<ref>[https://www.linkedin.com/pulse/gardaworld-offered-me-money-sign-confidential-christine-bouquin Christine Bouquin: GardaWorld offered me money to sign a "Confidential Separation Agreement/Release"]</ref><ref>[https://www.courthousenews.com/board-chairman-threatened-to-kill-execsif-they-talked-about-finances-vp-says/ Board Chairman Threatened To Kill Execs|If They Talked About Finances, VP Says]</ref>
A March 1, 2020 article by the ''[[Tampa Bay Times]]'' found the company engaged in a decade of dangerous behavior and its trucks frequently caused crashes: "At least 19 people have been killed in Garda crashes since 2008, three in 2019 alone."<ref name="projects.tampabay.com">[https://projects.tampabay.com/projects/2020/investigations/garda-world/armored-trucks/ Moving Millions, Leaving Mayhem: As it built an armored truck empire, GardaWorld took dangerous shortcuts. Its workers and unsuspecting motorists suffered the consequences.]</ref><ref>[https://www.10news.com/news/local-news/new-claims-added-in-la-jolla-wrongful-death-lawsuit?_amp=true New claims added in La Jolla armored car wrongful death lawsuit]</ref><ref>[https://www.wfaa.com/article/news/widow-says-video-reveals-truth-of-husbands-death-in-motorcycle-crash/287-584128613 Widow says video reveals truth of husband's death in motorcycle crash: Virgilio Martinez was on his motorcycle when he and a Garda armored truck collided in Arlington on Collins near Six Flags.]</ref><ref>[https://news.law/new-allegations-in-mikaela-jones-wrongful-death-case-blame-garda-for-negligently-entrusting-armored-truck-to-driver/?ut New Allegations in Mikaela Jones Wrongful Death Case Blame Garda for Negligently Entrusting Armored Truck to Driver]</ref><ref>[http://www.chathamstartribune.com/news/article_9e41be72-d0ce-11e9-8929-134a29cac8a1.html GardaWorld issues statement following fatal crash in Chatham]</ref><ref>[https://blog.cvn.com/100m-wrongful-death-trial-over-motorcyclists-collision-with-armored-truck-settles-during-jury-deliberations $100M Wrongful Death Trial Over Motorcyclist’s Collision With Armored Truck Settles During Jury Deliberations]</ref> Based in part on a former employee's documents and data (which GardaWorld has unsuccessfully argued was stolen from the company) and then used unsuccessfully in two dismissed lawsuits <ref>[https://www.pacermonitor.com/public/case/23693888/UNITED_STATES_OF_AMERICA,_ex_rel_CHRISTINE_BOUQUIN_v_GARDA_WORLD,_et_al/ Dismissed Lawsuit: UNITED STATES OF AMERICA, ex rel CHRISTINE BOUQUIN v GARDA WORLD, et al]</ref> and 90 interviews, 56 of them being current or former drivers, the article shows that Garda trucks frequently lacked reliable brakes, seat belts and sometimes even seats. The article also documents that drivers often received barely any training and said they were pressured to work long hours, even after repeated crashes.<ref name="projects.tampabay.com"/><ref>[https://www.linkedin.com/pulse/court-records-show-gardaworlds-pattern-running-fines-guilty-bouquin?trk=d_public_post_promoted_post Court Records Show GardaWorld's Pattern of Running Red-Lights, Non-Payment of Fines, Collections, Guilty Plea, and License Suspension]</ref>

The GardaWorld database showed that during one period there were over 100 crashes on average monthly and that over a two-and-a-half-year period over 320 people were injured.<ref>[https://www.auditconsultingeducation.com/mayhem-no-not-allstate-gardaworld/ Mayhem: No, not Allstate. GardaWorld.]</ref> Additionally, the former employee alleges that GardaWorld offered to pay her to buy her silence, but that she chose not to accept money because: "I know I made the right decision by not accepting the money or signing a release. I believed in the truth prevailing – and am grateful to be able to share my story to help others."<ref>[https://www.linkedin.com/pulse/gardaworld-offered-me-money-sign-confidential-christine-bouquin Christine Bouquin: GardaWorld offered me money to sign a "Confidential Separation Agreement/Release"]</ref><ref>[https://www.courthousenews.com/board-chairman-threatened-to-kill-execsif-they-talked-about-finances-vp-says/ Board Chairman Threatened To Kill Execs|If They Talked About Finances, VP Says]</ref>

=== 2021 Fall of Kabul ===
During the [[Fall of Kabul (2021)|Fall of Kabul]] on 19 August, 2022, ''[[The Guardian]]'' reported that the 125 guards of the [[Embassy of the United Kingdom, Kabul|Embassy of the United Kingdom in Kabul]] employed by GardaWorld would not be offered asylum in the UK. They were told that they were not eligible because they “were not directly employed by her majesty’s government”. Meanwhile, over 100 guards of the [[Embassy of the United States, Kabul|Embassy of the United States in Kabul]] under a separate GardaWorld contract have been evacuated by the US.<ref name="Gentleman">{{Cite web |date=19 August 2021 |title=Guards at Kabul embassy told they are ineligible for UK protection |url=https://www.theguardian.com/world/2021/aug/19/guards-at-kabul-embassy-told-they-are-ineligible-for-uk-protection|work=The Guardian |access-date=23 August 2021}}</ref>

On August 27, it was reported that GardaWorld gathered 185 families who worked for the embassy, 1,000 people in total, in a failed attempt to evacuate them. GardaWorld committed to further attempts "once things calm down in the coming months."<ref>{{Cite web |date=27 August 2021 |title='We feel hopeless now': the British nationals left behind in Kabul|url=https://www.theguardian.com/world/2021/aug/27/british-nationals-left-behind-kabul-describe-feeling-abandoned-uk-officials|work=The Guardian |access-date=28 August 2021}}</ref>

=== March 2024 heist ===
On March 31, 2024 (Easter Sunday), thieves stole $30 million USD from a GardaWorld cash storage facility at the 15000 block of Roxford Street in [[Sylmar, Los Angeles|Sylmar, California]].<ref>{{cite news |last1=Winton |first1=Richard |title=The perfect heist? Inside the seamless, sophisticated, stealthy L.A. theft that netted up to $30 million |url=https://www.latimes.com/california/story/2024-04-06/30-million-theft-from-l-a-vault-was-seemless-sophisticated-daring |access-date=7 April 2024 |newspaper=LA Times}}</ref><ref name=":0">{{Cite news |last=Helmore |first=Edward |date=2024-04-20 |title=Daring, audacious – but who did it? LA $30m cash heist has it all except clues |url=https://www.theguardian.com/us-news/2024/apr/20/los-angeles-heist-burglary-cash-robbery-no-leads |access-date=2024-09-13 |work=The Observer |language=en-GB |issn=0029-7712}}</ref><ref>{{Cite web |date=2024-04-04 |title=Tens of millions stolen from money storage facility in one of the largest cash heists in Southern California |url=https://www.nbcnews.com/news/us-news/tens-millions-stolen-money-storage-facility-one-largest-cash-heists-so-rcna146420 |access-date=2024-09-13 |website=NBC News |language=en}}</ref> Considered to be the work of sophisticated criminals, it is the largest cash heist in Los Angeles history.<ref>{{cite news |last1=Alonso |first1=Melissa |last2=Campbell |first2=Josh |title=Burglars steal $30 million in cash from a Los Angeles money storage facility – one of the city's largest cash heists |url=https://www.cnn.com/2024/04/04/us/la-bank-heist-money-storage-facility/index.html |access-date=7 April 2024 |publisher=CNN}}</ref> The burglars entered through the roof, and cracked open a safe inside, before cutting a hole in the side of the building and leaving without anyone knowing what happened.<ref name=":1">{{Cite web |date=2024-04-05 |title=Questions remain about Easter heist from Sylmar facility |url=https://abc7.com/millions-stolen-from-gardaworld-sylmar-los-angeles-facility-easter-heist/14619205/ |access-date=2024-09-13 |website=ABC7 Los Angeles |language=en}}</ref><ref>{{Cite web |date=2024-04-05 |title=What to know about the $30 million cash heist in Los Angeles |url=https://apnews.com/article/los-angeles-cash-heist-gardaworld-d34b769be34cbafcca14a897967d3bb2 |access-date=2024-09-13 |website=AP News |language=en}}</ref><ref name=":2">{{Cite web |last=McPhee |first=Michele |date=2024-04-09 |title=Hollywood Buzzing About $30 Million Easter Sunday Heist |url=https://lamag.com/crimeinla/hollywood-buzzing-adapting-30-million-easter-sunday-sylmar-heist |access-date=2024-09-13 |website=LAmag - Culture, Food, Fashion, News & Los Angeles |language=en}}</ref> 30 million dollars likely weighs 7,500 pounds.<ref name=":0" />

The facility stored cash from businesses across the [[San Fernando Valley]].<ref>{{Cite web |title='Sophisticated group' lifts $30M from L.A. storage facility over Easter Sunday - UPI.com |url=https://www.upi.com/Top_News/US/2024/04/04/robber-30-million-gardaworld-building-los-angeles-cash-heist/5991712260754/ |access-date=2024-09-13 |website=UPI |language=en}}</ref> The neighborhood is known to be an area of crime. In the year leading up to the heist, the [[Los Angeles Police Department|LAPD]] responded to 13 alarm calls at the building, but they were all determined to be false alarms. One of these calls was on March 30 at 11:30 p.m. These alarms may have been the thieves testing the security of the building.<ref name=":3">{{Cite web |last1=X |last2=Instagram |last3=Email |last4=Facebook |last5=X |last6=Instagram |last7=Email |last8=Facebook |date=2024-04-19 |title=Police responded to alarm around time of $30-million L.A. heist, but thieves were undetected |url=https://www.latimes.com/california/story/2024-04-19/sylmar-gardaworld-heist |access-date=2024-09-13 |website=Los Angeles Times |language=en-US}}</ref> Over the weekend of the heist, residents nearby the facility heard a "strange mechanical sound".<ref>{{Cite web |last1=X |last2=Instagram |last3=Email |last4=Facebook |last5=X |last6=Instagram |last7=Email |last8=Facebook |date=2024-04-05 |title=Neighbor heard odd noises amid heist of up to $30 million from Sylmar vault |url=https://www.latimes.com/california/story/2024-04-05/la-sylmar-heist-gardaworld |access-date=2024-09-13 |website=Los Angeles Times |language=en-US}}</ref><ref name=":3" />

No alarms were triggered at the time of the heist;<ref name=":1" /> however, alarms rang later. On March 31, at 4:36 a.m., an alarm rang, and the police came to the scene, notifying their supervisor and writing a report; the report did not say what they saw. The police likely knew something illegal had happened, as they asked a local woman the next day if she "saw or heard anything suspicious around 4 a.m."; she was asleep. Another alarm sounded at 7:22 a.m., and the LAPD showed up around 45 minutes later. Yet another alarm sounded at 3:51 p.m., and the police showed up at around 4; this was written down as a false alarm on the police log.<ref name=":3" />

The LAPD and [[Federal Bureau of Investigation|FBI]] are investigating.<ref>{{Cite web |date=2024-04-04 |title=Tens of millions stolen from money storage facility in one of the largest cash heists in Southern California |url=https://www.nbcnews.com/news/us-news/tens-millions-stolen-money-storage-facility-one-largest-cash-heists-so-rcna146420 |access-date=2024-09-13 |website=NBC News |language=en}}</ref> GardaWorld did not find out about the heist until they opened the vault the next day. By April 3, a hole was found cut into a concrete wall on the side of the building. At some point, the hole was covered up by a piece a piece of plywood; this may have been related to the earlier mechanical sound.<ref name=":2" /><ref name=":3" /> The security cameras and alarms for the building, as well as nearby [[Wi-Fi]] connection, were shut off.<ref name=":2" /> Former L.A. county sheriff [[Jim McDonnell (sheriff)|Jim McDonnell]] said: "To be able to get in undetected, to be able to get into an internal safe, to be able to remove that much property requires some knowledge of the alarm system, the layout of the place, the camera surveillance equipment."<ref>{{Cite web |date=April 5, 2024 |title=Quebec multinational GardaWorld hit by $30M heist at southern California storage facility |url=https://www.cbc.ca/news/world/los-angeles-heist-gardaworld-1.7164442 |access-date=September 13, 2024 |website=CBC}}</ref>

Weeks after the incident, many Hollywood producers started talking about making a movie about it.<ref name=":2" />


== References ==
== References ==
{{reflist}}
{{reflist}}



== External links ==
== External links ==
{{commons category|GardaWorld}}
{{wikinews|Five arrested in Canada after C$2 million armoured car robbery}}
{{wikinews|Five arrested in Canada after C$2 million armoured car robbery}}
*{{official website|https://www.garda.com/}}
* {{official website|https://www.garda.com/}}
* [https://www.africaintelligence.com/north-africa/2023/04/26/security-group-gardaworld-placed-under-investigation-and-ordered-to-leave-libya,109948942-evg Security group GardaWorld placed under investigation and ordered to leave Libya], April 26, 2023 (requires free registration)


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[[Category:Security companies of Canada]]
[[Category:Security companies of Canada]]
[[Category:Security companies of the United States]]
[[Category:Security companies of the United States]]
[[Category:Apax Partners companies]]

Latest revision as of 22:15, 3 January 2025

This article is about a Québec-based security firm. For the Republic of Ireland police force, see Garda Síochána.
GardaWorld Corporation
Company typePrivate
IndustrySecurity & Protection Services and Cash Management Services
GenreSecurity services
FounderStephan Crétier
Headquarters2300, rue Émile-Bélanger
Montreal, Quebec
H4R 3J4
Key people
CEO: Stephan Crétier
CFO: Patrick Prince
President, GWFS: Pete Dordal
ServicesSecurity and Cash Services Solutions
Revenue$5.300 billion CAD (2023)[1]
Number of employees
122,000 (January 2020)
Websitewww.garda.com Edit this at Wikidata

GardaWorld Corporation is a Canadian private security firm, headquartered in Montreal, Quebec, with 120,000 employees as of January 2022. Its U.S. business name is United American Security LLC, dba GardaWorld.

GardaWorld International Protective Services,[2] the international division of the company, began operations in 1984. GardaWorld Security Corporation was established as Trans-Québec Security Inc. by Stephan Crétier in 1995, who invested initially $25,000.[3] The company runs physical security guard services and armoured car services globally.[4]

History

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During the mid-2000s, GardaWorld had a number of acquisitions, the one of which was a $391 million deal for the US security-oriented firm ATI Systems International, in which GardaWorld ended up suing ATI's former CEO for allegedly misrepresenting its financial situation, while the CEO sued for wrongful dismissal.[3]

In January 2006, Vance International was purchased from SPX Corporation.[5] In December 2006, Kroll Security International was purchased from Kroll.[6]

On June 3, 2009, GardaWorld announced the sale of its U.S. and Mexico guarding operations to Andrews International for US$44.25 million, following a particularly poor financial performance the previous year; in mid-2008, GardaWorld's stock fell by more than 90%. Debt restructuring followed and the company was left afloat, but looking weak in the eyes of its investors. Over the next few years, the results gradually improved and this was attributed to high demand for services in the Middle East and Afghanistan.[3]

GardaWorld resumed making acquisitions, which drove its debt to $639 million, 4.2 times that of its operating profit (as of September 7, 2012). This has prompted owner Stéphan Crétier to lead a buyout of his firm and he has revealed plans with a British private equity firm, Apax Partners, that could result in a $300 million ownership division of the company.[3]

On July 13, 2015, GardaWorld announced the acquisition of Aegis Defence Services to expand in Africa and the Middle East.[7] The acquisition was completed on 12 October 2015 for $131 million plus an earnout amount.[8]

Rhône acquired the business in 2017, alongside Crétier and some members of management from Apax Partners, in a deal valued at $2.2 billion. Apax originally took the company private in 2012 for about C$1.1 billion.

In November 2019, GardaWorld acquired UK-based specialist in travel risk management, Drum Cussac.[9]

Incidents

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A GardaWorld armored truck, 2016

2020 investigation into armored truck crashes and deaths

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A March 1, 2020 article by the Tampa Bay Times found the company engaged in a decade of dangerous behavior and its trucks frequently caused crashes: "At least 19 people have been killed in Garda crashes since 2008, three in 2019 alone."[10][11][12][13][14][15] Based in part on a former employee's documents and data (which GardaWorld has unsuccessfully argued was stolen from the company) and then used unsuccessfully in two dismissed lawsuits [16] and 90 interviews, 56 of them being current or former drivers, the article shows that Garda trucks frequently lacked reliable brakes, seat belts and sometimes even seats. The article also documents that drivers often received barely any training and said they were pressured to work long hours, even after repeated crashes.[10][17]

The GardaWorld database showed that during one period there were over 100 crashes on average monthly and that over a two-and-a-half-year period over 320 people were injured.[18] Additionally, the former employee alleges that GardaWorld offered to pay her to buy her silence, but that she chose not to accept money because: "I know I made the right decision by not accepting the money or signing a release. I believed in the truth prevailing – and am grateful to be able to share my story to help others."[19][20]

2021 Fall of Kabul

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During the Fall of Kabul on 19 August, 2022, The Guardian reported that the 125 guards of the Embassy of the United Kingdom in Kabul employed by GardaWorld would not be offered asylum in the UK. They were told that they were not eligible because they “were not directly employed by her majesty’s government”. Meanwhile, over 100 guards of the Embassy of the United States in Kabul under a separate GardaWorld contract have been evacuated by the US.[21]

On August 27, it was reported that GardaWorld gathered 185 families who worked for the embassy, 1,000 people in total, in a failed attempt to evacuate them. GardaWorld committed to further attempts "once things calm down in the coming months."[22]

March 2024 heist

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On March 31, 2024 (Easter Sunday), thieves stole $30 million USD from a GardaWorld cash storage facility at the 15000 block of Roxford Street in Sylmar, California.[23][24][25] Considered to be the work of sophisticated criminals, it is the largest cash heist in Los Angeles history.[26] The burglars entered through the roof, and cracked open a safe inside, before cutting a hole in the side of the building and leaving without anyone knowing what happened.[27][28][29] 30 million dollars likely weighs 7,500 pounds.[24]

The facility stored cash from businesses across the San Fernando Valley.[30] The neighborhood is known to be an area of crime. In the year leading up to the heist, the LAPD responded to 13 alarm calls at the building, but they were all determined to be false alarms. One of these calls was on March 30 at 11:30 p.m. These alarms may have been the thieves testing the security of the building.[31] Over the weekend of the heist, residents nearby the facility heard a "strange mechanical sound".[32][31]

No alarms were triggered at the time of the heist;[27] however, alarms rang later. On March 31, at 4:36 a.m., an alarm rang, and the police came to the scene, notifying their supervisor and writing a report; the report did not say what they saw. The police likely knew something illegal had happened, as they asked a local woman the next day if she "saw or heard anything suspicious around 4 a.m."; she was asleep. Another alarm sounded at 7:22 a.m., and the LAPD showed up around 45 minutes later. Yet another alarm sounded at 3:51 p.m., and the police showed up at around 4; this was written down as a false alarm on the police log.[31]

The LAPD and FBI are investigating.[33] GardaWorld did not find out about the heist until they opened the vault the next day. By April 3, a hole was found cut into a concrete wall on the side of the building. At some point, the hole was covered up by a piece a piece of plywood; this may have been related to the earlier mechanical sound.[29][31] The security cameras and alarms for the building, as well as nearby Wi-Fi connection, were shut off.[29] Former L.A. county sheriff Jim McDonnell said: "To be able to get in undetected, to be able to get into an internal safe, to be able to remove that much property requires some knowledge of the alarm system, the layout of the place, the camera surveillance equipment."[34]

Weeks after the incident, many Hollywood producers started talking about making a movie about it.[29]

References

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  1. ^ "GardaWorld 2023 SUSTAINABILITY REPORT" (PDF). Garda World Inc. 28 Dec 2023.
  2. ^ "GardaWorld | Security Services | Cash Services". www.garda.comwww.garda.com.[permanent dead link‍]
  3. ^ a b c d Sean Silcoff (7 September 2012). "Garda World Security founder leads company buyout". The Globe and Mail.
  4. ^ GardaWorld fast facts
  5. ^ Garda completes acquisition of Vance International Security Infowatch January 18, 2006
  6. ^ Garda buys Kroll Security Globe & Mail December 7, 2006
  7. ^ "GardaWorld Announces Strategic Expansion to Become the Premier Security Provider in Africa and the Middle East". GlobeNewswire News Room. 2015-07-13. Retrieved 2020-07-30.
  8. ^ "Mergers & Acquisitions - Highlights". Séguin Racine. Retrieved 2020-07-30.
  9. ^ "GardaWorld, the world's largest privately owned integrated security and risk company acquired Drum Cussac".
  10. ^ a b Moving Millions, Leaving Mayhem: As it built an armored truck empire, GardaWorld took dangerous shortcuts. Its workers and unsuspecting motorists suffered the consequences.
  11. ^ New claims added in La Jolla armored car wrongful death lawsuit
  12. ^ Widow says video reveals truth of husband's death in motorcycle crash: Virgilio Martinez was on his motorcycle when he and a Garda armored truck collided in Arlington on Collins near Six Flags.
  13. ^ New Allegations in Mikaela Jones Wrongful Death Case Blame Garda for Negligently Entrusting Armored Truck to Driver
  14. ^ GardaWorld issues statement following fatal crash in Chatham
  15. ^ $100M Wrongful Death Trial Over Motorcyclist’s Collision With Armored Truck Settles During Jury Deliberations
  16. ^ Dismissed Lawsuit: UNITED STATES OF AMERICA, ex rel CHRISTINE BOUQUIN v GARDA WORLD, et al
  17. ^ Court Records Show GardaWorld's Pattern of Running Red-Lights, Non-Payment of Fines, Collections, Guilty Plea, and License Suspension
  18. ^ Mayhem: No, not Allstate. GardaWorld.
  19. ^ Christine Bouquin: GardaWorld offered me money to sign a "Confidential Separation Agreement/Release"
  20. ^ Board Chairman Threatened To Kill Execs|If They Talked About Finances, VP Says
  21. ^ "Guards at Kabul embassy told they are ineligible for UK protection". The Guardian. 19 August 2021. Retrieved 23 August 2021.
  22. ^ "'We feel hopeless now': the British nationals left behind in Kabul". The Guardian. 27 August 2021. Retrieved 28 August 2021.
  23. ^ Winton, Richard. "The perfect heist? Inside the seamless, sophisticated, stealthy L.A. theft that netted up to $30 million". LA Times. Retrieved 7 April 2024.
  24. ^ a b Helmore, Edward (2024-04-20). "Daring, audacious – but who did it? LA $30m cash heist has it all except clues". The Observer. ISSN 0029-7712. Retrieved 2024-09-13.
  25. ^ "Tens of millions stolen from money storage facility in one of the largest cash heists in Southern California". NBC News. 2024-04-04. Retrieved 2024-09-13.
  26. ^ Alonso, Melissa; Campbell, Josh. "Burglars steal $30 million in cash from a Los Angeles money storage facility – one of the city's largest cash heists". CNN. Retrieved 7 April 2024.
  27. ^ a b "Questions remain about Easter heist from Sylmar facility". ABC7 Los Angeles. 2024-04-05. Retrieved 2024-09-13.
  28. ^ "What to know about the $30 million cash heist in Los Angeles". AP News. 2024-04-05. Retrieved 2024-09-13.
  29. ^ a b c d McPhee, Michele (2024-04-09). "Hollywood Buzzing About $30 Million Easter Sunday Heist". LAmag - Culture, Food, Fashion, News & Los Angeles. Retrieved 2024-09-13.
  30. ^ "'Sophisticated group' lifts $30M from L.A. storage facility over Easter Sunday - UPI.com". UPI. Retrieved 2024-09-13.
  31. ^ a b c d X; Instagram; Email; Facebook; X; Instagram; Email; Facebook (2024-04-19). "Police responded to alarm around time of $30-million L.A. heist, but thieves were undetected". Los Angeles Times. Retrieved 2024-09-13. {{cite web}}: |last2= has generic name (help)
  32. ^ X; Instagram; Email; Facebook; X; Instagram; Email; Facebook (2024-04-05). "Neighbor heard odd noises amid heist of up to $30 million from Sylmar vault". Los Angeles Times. Retrieved 2024-09-13. {{cite web}}: |last2= has generic name (help)
  33. ^ "Tens of millions stolen from money storage facility in one of the largest cash heists in Southern California". NBC News. 2024-04-04. Retrieved 2024-09-13.
  34. ^ "Quebec multinational GardaWorld hit by $30M heist at southern California storage facility". CBC. April 5, 2024. Retrieved September 13, 2024.
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