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It was founded as The Wackenhut Corporation in 1954, in Coral Gables, Florida, by George Wackenhut and three partners (all former FBI agents). In 2002, the company was acquired for $570 million by Danish corporation Group 4 Falck (itself then merged to form British company G4S in 2004). [ 1 ]
In 1994, The Quiet American, an 800-page authorized biography of Wackenhut by John Minahan, was published. [6] George Wackenhut was known as a hard-line right-winger. He built up dossiers on Americans suspected of being Communists or left-leaning "subversives and sympathizers" and sold the information to interested parties.
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In March 2012, G4S announced that it would sell the "struggling" G4S Government Solutions business (the former Wackenhut (WSI) and All Star business) to exit the US government services. [39] In May 2013, Buckles resigned as chief executive of G4S with £1.2 million payoff and was replaced by Ashley Almanza. [40]
Checked Out. Countless grocery store chains have come and gone over the years, many that were household names at one point in time. With competition from upstarts, razor thin profit margins, and ...
Timeline of former nameplates merging into Macy's. Many United States department store chains and local department stores, some with long and proud histories, went out of business or lost their identities between 1986 and 2006 as the result of a complex series of corporate mergers and acquisitions that involved Federated Department Stores and The May Department Stores Company with many stores ...