20:44:17 EDT Fri 31 Jul 2026
Enter Symbol
or Name
USA
CA



SSC Security Services Corp
Symbol SECU
Shares Issued 18,264,286
Close 2026-07-31 C$ 4.40
Market Cap C$ 80,362,858
Recent Sedar+ Documents

SSC Security completes takeover by Allied Universal

2026-07-31 19:02 ET - News Release

Mr. Lasse Glassen reports

ALLIED UNIVERSAL COMPLETES ACQUISITION OF SSC SECURITY SERVICES CORP.

SSC Security Services Corp. (amalgamated into Logixx Security Inc.) and Allied Universal (as defined below) have successfully completed the previously announced acquisition by Allied Universal of the company by way of a plan of arrangement involving Universal Protection Service LP (Allied Universal), and its wholly owned subsidiary, 102236724 Saskatchewan Ltd. (the purchaser), under The Business Corporations Act 2021 (Saskatchewan). The arrangement took effect at 12:01 a.m. (Regina time) on July 31, 2026.

Pursuant to the terms of the arrangement, Allied Universal acquired all of the issued and outstanding common shares of the company for $4.4075 per share in cash, and certain officers and directors of the company purchased the company's legacy assets and cybersecurity business in a management buy-out transaction. As part of the arrangement, the company amalgamated with its wholly owned subsidiary, Logixx Security Inc., and the purchaser to form Logixx Security Inc.

Registered shareholders are reminded that, to receive the consideration in exchange for their shares, they are required to deposit to TSX Trust Company, the depositary for the arrangement, their share certificate(s) or DRS statement(s) with a duly completed letter of transmittal (as provided in the notice of meeting and information circular for the special meeting of SSC shareholders held on July 22, 2026). Registered shareholders who have any questions or require further information regarding the procedures for receiving the consideration should contact TSX Trust Company, by telephone at 416-342-0191 or 1-866-600-5869 (toll-free within North America), or by e-mail at tsxtis@tmx.com.

Non-registered shareholders will receive the consideration to which they are entitled under the arrangement directly in their brokerage accounts. Non-registered shareholders should contact their broker or other intermediary if they have any questions.

The shares are expected to be delisted from the TSX Venture Exchange on or around market close on Aug. 5, 2026. Following the delisting of the shares, the company also intends to apply to the applicable Canadian securities regulators to cease to be a reporting issuer in all jurisdictions in which the company is currently a reporting issuer.

Additional information about the arrangement

Additional information regarding the terms of the arrangement is set out in the company's management proxy circular dated June 17, 2026, which is available under the company's profile on SEDAR+.

Required early warning report information

Prior to completion of the arrangement, the purchaser did not have beneficial ownership of, or control or direction over, any shares. Upon completion of the arrangement, the purchaser beneficially owns, or exercises control or direction over, 18,264,286 shares in aggregate, representing 100 per cent of the issued and outstanding shares.

An early warning report will be filed in accordance with applicable securities laws and will be available on the company's SEDAR+ profile. To obtain a copy of the early warning report, please contact Allied Universal, 450 Exchange, Irvine, Calif., 92602, attention: Lasse Glassen, 866-877-1965.

SSC's head office is located at 300, 1914 Hamilton St., Regina, Sask., S4P 3N6, Canada.

About Allied Universal

The world's leading security and facility services provider and trusted partner to more than 400 of the Fortune 500, Allied Universal delivers unparalleled customer relationships, innovative solutions, cutting-edge smart technologies and tailored services that enable clients to focus on their core businesses. With operations in over 100 countries and territories, Allied Universal is the third-largest private employer in North America and seventh in the world. Annual revenue is approximately $23-billion. There is no greater purpose and responsibility than serving and helping to safeguard customers, communities and people.

About SSC Security Services Corp.

SSC acts as a public holding company investing in physical, electronic and cybersecurity businesses. The company has one wholly owned operating subsidiary: Logixx Security Inc., which provides physical, electronic and cybersecurity services to primarily commercial, industrial and public sector clients. The company's clients include federal and provincial governments, Crown corporations, and many high-profile corporate and public sector clients such as hospitals, airports, utility companies and police forces.

We seek Safe Harbor.

© 2026 Canjex Publishing Ltd. All rights reserved.