AlliedBarton Security Services, the Conshohocken-based security giant, will be sold to Wendel, a Paris-based private-equity firm, in a $1.67 billion cash and debt deal. AlliedBarton, which began its local history as SpectaGuard, founded by former Flyers president Jay Snider, employs 6,000 locally and 55,000 nationally. It counts 200 of the Fortune 500 as clients, along with 3,000 other landlords and tenants. Wendel owns the Malvern-based building-materials maker Saint-Gobain, which includes Certainteed, a more well-known local materials company. Wendel is acquiring 96 percent of AlliedBarton - the remaining 4 percent will be held by AlliedBarton's chairman and chief executive Bill Whitmore...
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