CRAWLEY, WEST SUSSEX, United Kingdom , March 28 /PRNewswire/ -- G4S, the world's leading international security solutions group, today announces the acquisition of MJM Investigations Inc. ("MJM") and certain affiliated companies, the market leader in insurance fraud mitigation and claims services, from Mr Michael J. Malone. Gross assets of the acquired companies are US$16.2million.
Headquartered in Raleigh , North Carolina, and operational around the globe, MJM provides surveillance services, a broad range of investigation services, background screening, due diligence and risk management consultancy to insurers, third party administrators, self-insured corporations and insurance defence law firms around the world. MJM employs 374 people and annual sales in 2007 were approximately US$45 million.
Grahame R. Gibson, G4S Chief Operating Officer, said, "We enthusiastically welcome MJM's customers and employees into the G4S family. We are eager to include MJM as part of our strategic portfolio of risk management services and know that they will enhance our service offering to our customers around the world. We are also delighted that Michael J. Malone, founder and CEO of MJM, will be joining the G4S group."
Mr. Malone said, "MJM was founded upon the vision of being the leading global provider of investigative solutions. Today that vision is a reality as a result of the acquisition by G4S. This partnership will enhance MJM's global bandwidth and allow us to accomplish our long-term goals and strategies. We'll now be able to deliver our comprehensive portfolio of services throughout the world."
For further enquiries, please contact: Debbie McGrath - Group Communications Director +44 (0) 1293 554400 Helen Parris - Director of Investor Relations Media enquiries: Kevin Smith - Citigate Dewe Rogerson +44 (0) 7973 672649 Notes to Editors:About G4S plc
G4S is the world's leading international security solutions group, which specialises in assessing current and future risks and developing secure solutions to minimise their impact across a wide range of geographic markets and business sectors.
G4S is a major provider of risk management and protection to governments and major corporate customers around the world and is an expert in all aspects of local and international secure logistics.
G4S is the largest employer quoted on the London Stock Exchange and has a secondary stock exchange listing in Copenhagen . G4S has operations in over 110 countries and over 530,000 employees. For more information on G4S, visit http://www.g4s.com.
About MJM Investigations Inc.
MJM Investigations Inc., headquartered in Raleigh , North Carolina, provides quality field investigations, comprehensive Special Investigation Unit (SIU) programmes, strategic anti-fraud planning, innovative educational courses, integrated Internet-based technologies and professional consulting services. Additional information about MJM is available on its Web site at http://www.mjminc.com.
SOURCE G4S plc
