NEW YORK, 9 Dec. 2006. Kroll, a global risk consulting company, hs announced the sale of its international high-risk asset and personnel protection division, Kroll Security International (KSI), which is predominantly active in Iraq and Afghanistan, to Garda World Security Corporation. Terms of the agreement were not disclosed.
"The sale of our international contract security division is consistent with our strategy to focus on higher-margin segments of the security business," says Simon Freakley, CEO of Kroll.
Kroll will continue to provide value-added security services to governments, corporations, and high net worth individuals, with a focus on training, consulting, architecture and engineering, crisis preparedness, business continuity, and emergency management.
"Kroll is committed to helping clients prevent, prepare for, and respond to the many threats they face at home and abroad," says Kelly McCann, President of Kroll's Security Group. "We will continue to support our clients anywhere in the world."
Kroll and Garda are working together to provide a seamless transition for KSI's existing clients.
Enterprise Research Group, LLC served as advisor to Kroll in this transaction.
