Blackstone To Sell Security Services Firm AlliedBarton To Wendel For $1.67 Bln

Investment firm Blackstone Group LP announced Tuesday that private equity funds it manages have agreed to sell AlliedBarton Security Services to Wendel SE, a France-based investor, for approximately $1.67 billion. The transaction is expected to close later this year. Blackstone has been AlliedBarton’s partner over the last seven years.