CFIUS Clearance: Prosegur Compañía de Seguridad, S.A. and Command Security Corporation

Status: Clearance

Acquirer: Prosegur Compañía de Seguridad, S.A. (Spain)

Acquired: Command Security Corporation (U.S.)

Value: $29 million

Industry Tags: Security

On September 18, 2018, Command Security Corporation, a publicly traded New York corporation (NYSE: MOC) (the “Company”) that provides “uniformed security officers and aviation security services to commercial, financial, industrial, aviation and governmental customers throughout the United States,” entered into an agreement with Prosegur Compañía de Seguridad, S.A., a publicly traded Spanish security solutions company (BME:PSG) pursuant to which Command Security Corporation will be acquired by Prosegur SIS (USA) Inc., a Florida corporation and wholly-owned subsidiary of Prosegur, Prosegur Compañía de Seguridad, S.A., for $2.85 in cash per share. (Press Release, Command Security Corporation Form 8-K, Ex-99.1, Sept. 24, 2018, SEC Filing.) CFIUS Approval was a condition to closing the transaction. (Article 5.1(b), Agreement and Plan of Merger, Command Security Corporation Form 8-K, Ex-2.1, Sept. 24, 2018, SEC Filing.) The merger was consummated on February 21, 2019. (See Command Security Corporation Form 8-K, Feb. 22, 2019.)

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