TORONTO — Avante Logixx Inc. has entered into an agreement to acquire Intelligarde International Inc., a commercial security services provider, for $4.75 million.
The transaction is expected to close by Nov. 30, and is expected to further extend Avante’s presence in the commercial security market and build upon its recent acquisition of Veridin Systems Canada, announced on Sept. 18.
Intelligarde offers high- and low-profile security guards and patrols, as well as numerous complementary security services in Ontario and Winnipeg, Manitoba
Craig Campbell, CEO of Avante, said the following in a prepared statement, “The acquisition is representative of the strategic assets that can be leveraged with our platform to provide technology-enabled security solutions to commercial and national accounts. Our thesis is that while manpower costs are increasing, technology costs are decreasing and we intend to benefit from these trends by leveraging our suite of services to provide managed services that reduce overall cost of security/risk programs while upgrading effectiveness.”