Canadian Manufacturing

BC Partners buys $5.2B majority stake in Montreal-based security firm GardaWorld

London-based BC Partners takes a 51% share in Montreal-based global security firm GardaWorld

July 24, 2019  The Canadian Press

MONTREAL – Private equity firm BC Partners is announcing a $5.2-billion deal to buy a majority stake in Montreal-based global security company GardaWorld.

The transaction will see the London-based BC Partners take on a 51% interest in the company, with GardaWorld chief executive Stephan Cretier and other management team members owning the rest.

BC Partners is buying its stake from Rhone Capital, which in turn bought its interest from Apax Partners LLP in 2017.

Founded by Cretier in 1995, GardaWorld deploys armoured trucks and security personnel to protect clients that range from New York financial institutions to African embassies and Canadian airports.


Self-described as the largest privately owned security firm in the world, it staffs 92,000 employees across 46 countries.

The deal is expected to close in late 2019.


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