Mr. Doug Emsley reports
SSC SECURITY SERVICES CORP. ANNOUNCES RECEIPT OF FINAL ORDER APPROVING PREVIOUSLY ANNOUNCED PLAN OF ARRANGEMENT
SSC Security Services Corp. has obtained a final order from the Saskatchewan Court of King's Bench, approving SSC's previously announced plan of arrangement under the Business Corporations Act, 2021 (Saskatchewan).
Under the arrangement, Universal Protection Service LP (the parent), through its wholly owned subsidiary, 102236724 Saskatchewan Ltd. (together with the parent, Allied Universal), will acquire all of the issued and outstanding common shares of the company for $4.4075 per share in cash, and certain officers and directors of the company will purchase the company's legacy assets and cybersecurity business in a management buyout (MBO) transaction.
The final order was the final substantive court approval required prior to closing of the arrangement, which is anticipated to occur on or about July 31, 2026. Completion of the arrangement remains subject to customary closing conditions.
Additional information regarding the terms of the arrangement is set out in the company's management proxy circular dated June 17, 2026, which is available under the company's profile on SEDAR+.
About SSC
Security Services Corp.
SSC is Canada's largest publicly traded security company. SSC acts as a public holding company investing in physical, electronic and cybersecurity businesses. The company has one wholly owned operating subsidiary: Logixx Security Inc., which provides physical, electronic and cybersecurity services to primarily commercial, industrial and public sector clients. The company's clients include federal and provincial governments, Crown corporations, and many high-profile corporate and public-sector clients such as hospitals, airports, utility companies and police forces.
About Allied Universal
The world's leading security and facility services provider and trusted partner to more than 400 of the Fortune 500, Allied Universal delivers unparalleled customer relationships, innovative solutions, cutting-edge smart technologies and tailored services that enable clients to focus on their core businesses. With operations in over 100 countries and territories, Allied Universal is the third-largest private employer in North America and seventh in the world. Annual revenue is approximately $23-billion. There is no greater purpose and responsibility than serving and helping to safeguard customers, communities and people.
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