Security and risk mitigation servicers provider Andrews International announced this week that it has entered into an agreement to purchase Miami-based security consulting firm Verasys.
According to Ty Richmond, Chief Operating Officer for Andrews International, Verasys fits perfectly into the company’s growth strategy.
“Our whole acquisition strategy has been built around really a two-pronged approach; number one is geographical footprint expansion and second is expertise and skill sets that compliment our existing operations and resource base. Verasys met both of those key requirements,” he said.
Of particular interest to Andrews International was Verasys’ litigation support and high-end due diligence services, Richmond said.
“Those two areas… really add strength, depth and skill sets to our organization,” he said. “From a geographic footprint standpoint, (Verasys) has an extensive client base in Latin and South America, which further (strengthens) our position in that region of the world.
Richmond added that the acquisition will bring an additional 30 employees under the Andrews International umbrella, as well new offices in Miami, Tampa, Dallas, Atlanta, and Bogota, Columbia. Financial terms of the deal were not disclosed.
The purchase Verasys also builds upon the company’s acquisition of the U.S. and Mexican operations of security and cash logistics firm Garda World Security Corporation earlier this year. Specifically, Richmond said that the two acquisitions help broaden and strengthen the company’s ability to do high-end due diligence and litigation support, as well as boosts their resources and capabilities in the Latin and South American market.