based security firm . for the republic of ireland police force see garda s och na . gardaworld corporation type private industry security & protection services genre security services headquarters montreal quebec canada key people stephan d. cretier services protective services and cash services number of employees 62 000 by september 2016 website www.garda.com gardaworld corporation is a canadian private security firm based in montreal quebec canada with 62 000 employees by september 2016 . though gardaworld international protective services 1 now the international division of the company began its operations in 1984 gardaworld security corporation was established by its quebecer owner st phan cr tier in 1995 who initially invested 25 000 in the company then named trans quebec security inc. 2 the company is the second largest consulting and security services firm in the world with operations in north america latin america europe africa asia and the middle east . the company today runs heavily on physical security guard services as well as armoured car services in select countries and cities throughout the world . the firm has over 200 offices worldwide . 3 activities edit gardaworld is involved in various business fields 4 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 gardaworld armoured truck international protective services diplomatic protection crisis management in asia latin america africa and in the middle east 5 cash services cash in transit and vault solutions in north america 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. 2 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 . 2 gardaworld security officer in montreal harbour 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 % . 2 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 . 2 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 . 2 this has prompted owner st phan cr tier 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 . 2 on august 28 2013 an agreement had been reached for the acquisition of g4s cash solutions limited in canada for approximately 110 million with the deal expected to be finalized before the end of the year 6 references edit gardaworld international protective services a b c d e f g sean silcoff 7 september 2012 . garda world security founder leads company buyout . the globe and mail . gardaworld fast facts gardaworld business units matthew mcclearn . why is montreal s gardaworld on the outs in both afghanistan and iraq . canadian business . sale of g4s cash solutions canada limited . 28 august 2013 . retrieved 11 september 2013 . britten nick . the security company . the daily telegraph . 30 may 2007 . external links edit official website wikinews has related news five arrested in canada after c 2 million armoured car robbery retrieved from https en.wikipedia.org w index.php title garda company & oldid 740154594 categories companies formerly listed on the toronto stock exchangecompanies based in montrealsecurity companies of canadasecurity companies of the united stateshidden categories official website different in wikidata and wikipedia navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version in other projects wikimedia commons languages fran ais edit links this page was last modified on 19 september 2016 at 11 27 . text is available under the creative commons attribution sharealike license ; 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