Global Guardian acquires UK risk management company

McLean-based global security firm Global Guardian announced last week it has acquired United Kingdom-based Solace Global Risk, a travel risk management company with a significant European presence.

Financial terms of the deal were not disclosed. According to the company, Solace Global Risk will continue to operate under its current brand and serve its European clients with expanded operational capabilities for the next 12 to 18 months.

It was not made clear what will happen to the Solace branding after the 12-to-18-month integration period, how many Solace employees will join the Global team, or whether there will be any leadership transitions. Global Guardian did not immediately return requests for comment.

“This acquisition significantly accelerates Global Guardian’s growth trajectory and strengthens our international presence, representing a pivotal moment in our mission to be the most trusted global security firm,” Global Guardian CEO Dale Buckner said in a statement. “By integrating Solace Global Risk’s industry-leading travel risk management platform with our operational expertise, we are shaping the future of integrated security — where human expertise and technology work seamlessly together to deliver smarter, faster and more effective protection for our clients.”

Global Guardian announced it will transition its clients to Solace’s technology platform and continue developing it to enhance performance and introduce additional features.

“It became clear very early in our conversations with Global Guardian that we are deeply aligned in our commitment to client safety and operational excellence,” Solace Global Risk Managing Director Emily Roberts said in a statement. “This acquisition creates unprecedented opportunities for our clients to access comprehensive risk management solutions backed by both cutting-edge technology and proven field capabilities from a single provider.”

Global Guardian provides risk management services that protect employees and families from political, environmental and bad actor threats worldwide. Its services include 24/7 support from its global security operations center, personnel-based and executive protection, medical support and transport, travel intelligence and emergency response in over 140 countries.