H. I. G. Capital, a top global alternative investment firm with approximately $74 billion in assets under management, has disclosed that a company from their group of companies has finished the purchase of the Global Elite Group from Securitas AB.
Global Elite Group, located in the New York metropolitan area, is acknowledged as the largest fully dedicated and provider of unarmed aviation security services in the whole United States. The company offers their services and security projects through a managed-service model to airports airlines and cargo operators. Their products are able to help customers in meeting regulatory requirements protecting daily operations and ensuring continuity in the highly regulated and complex aviation environment.
Global Elite Group is nationally recognized as a strong player with operations in 19 of the top 20 U. S. airports. It mainly serves large airport authorities and high-end domestic and foreign airlines, most of them on long-term contracts for several years. The company is known for giving dependable services that continuously meet customer’s satisfaction which is manifested through client retention and contract renewal.
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“GEG plays a critical role in helping our customers operate safely, securely, and in compliance with evolving security requirements. We are proud of what our team has built and the trust we have earned in our growing customer base. Partnering with H.I.G. marks an exciting new chapter for GEG as we accelerate our growth, invest further in our people and capabilities, and continue delivering the high-quality service our customers expect,” said Victor Anderes, Chief Executive Officer of Global Elite Group.
“Global Elite Group is a market leader with deep operational expertise and a strong reputation for delivering quality security solutions in complex environments, and we believe its focused strategy and proven track record position the Company exceptionally well for sustained growth. We look forward to working with Victor and the broader GEG team, leveraging H.I.G.’s extensive experience in executing corporate carve-outs, to drive the next phase of development,” said Strother Scott, Managing Director at H.I.G.
