G4S Government Solutions, the G4S subsidiary formerly known as the security contractor Wackenhut, will be sold to private equity firm Alvarez & Marsal Capital Security Holdings, LLC, NS&D Monitor has learned. The firm is an arm of Alvarez & Marsal, a global professional services company. G4S, the massive international security company based in the United Kingdom, put up its U.S. subsidiary for sale last year, and while company officials had hoped to wrap up the sale in early 2014, the process took longer than expected and could be wrapped up as early as next week.
Top management for G4S Government Solutions is expected to remain in place under the deal, including President and CEO Paul Donahue. The sale price is unclear, and G4S Government Solutions declined to comment, with Donahue saying, “as a public company, I legally have no comment at this stage.” G4S Government Solutions manages protective force operations at a host of Department of Energy and National Nuclear Security Administration sites including Hanford, Savannah River, the Nevada National Security Site, and Sandia’s California campus.