Pinkerton Group Project Executive Overview The security guard services industry consisted of two segments: proprietary guards and contract guards. The historical growth was driven by companies realizing‚ that contracting guards allowed them gain operating flexibility instead of managing their own security personnel. In 1987 security guard services was a $10 billion industry growing at 6% a year. Due to the industry being very mature‚ fragmented‚ and price competitive there was an ongoing
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53 11 64 0 29 $ 308 275 32 17 15 3 51 54 11 65 1 29 $ 312 286 26 25 1 2 55 1 58 13 71 2 26 $ 368 343 25 25 1 63 1 63 15 79 5 23 $ 408 382 27 27 (0) 1 67 1 69 18 87 3 27 - - 30 30 28 27 31 Selected CPP Financial Data (in $Millions) 12/31/86 12/31/87 (E) Income from services Cost of services provided Gross Profit Operation expenses Operating Profit Interest expenses‚ net Amortization of goodwill Income before Tax Taxes Net Income Cash Accounts
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highest tax shield of $17.49 million for CPP. In addition‚ Pinkerton has the highest value of $107.34 million under this strategy. 7. Below is the balance sheet after CPP and Pinkerton acquisition. * CPP market value leverage ratio is 7.46% and book value leverage is 14.69% before acquisition. * After acquisition‚ with $75 million debts‚ the market value leverage ratio is 52.99% and the book value leverage ratio is 64.49%. * After acquisition‚ with 100 million debts‚ the market value
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Biography of Allen Pinkerton Heather Smith CJS/250 08/02/12 Denise Mowder Allen Pinkerton was a man that people automatically respected. He was a man that had a sight for security and many different companies looked to him for help with their security problems and to make sure that their businesses were safe. He could also do things and go places that the public police could not. In 1855‚ he was asked by six Midwestern railroad companies to establish a railroad police agency‚ and at this time
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17.49 Rs. 17.49 4.59 0 0 Rs. 2.99 8.4645 5 13.4645 4.3605 1.2 0.792 8.019 5 13.019 4.131 1.5 0.99 7.5735 5 12.5735 3.9015 2 1.32 7.128 5 12.128 3.672 3 1.98 10.38693 cost of refinance 10.93542511 NPV CPP VALUE INC OP PRFT (CPP) NET OF TAX Rs. 13.38 NPV DEBT COVERAGE FCF (PINKERTON+CPP) CPP ORIGINAL TOTAL FCF(POST ACQ) DEBT SERVICE REQMT 16.60912 16.73458 16.03871 2 2.8 3.1 9.40854 10.77897 4.3 4.4 18.60912 19.53458 19.13871 13.70854 15.17897 13.91 13.4645 13.019 12.5735 12.128 POST
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Allan Pinkerton was born 1n 1819 in Glasgow Scotland. Pinkerton immigrated to the US in 1842 and settled in Chicago Ill. He opened a barrel making shop just outside of Chicago. Pinkerton was an avid fan of Abraham Lincoln. Like Lincoln he was an abolitionist. He used his small shop as part of an underground railroad for assisting slaves who were moving north for freedom. His first adventure in detective work was a mere coincidence. While Pinkerton was gathering wood for his shop he discovered counterfeiters
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Executive Summary. Wathen is attempting to value the proposed acquisition of Pinkerton in an effort to determine whether bids of $85 million to $100 million is value enhancing for CPP’s shareholders. Additionally‚ Wathen must choose between two financing options: (1) raising $100 Million via a $75 million debt structure at 11.5% interest rate together with a $25 million equity investment for a 45% stake in the combined company and (2) a $100 million debt facility at 13.5% interest rate. General
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Coughlin Allan Pinkerton Scottish emigrant and abolitionist Allan Pinkerton founded America’s first detective agency and successfully brought down some of the country’s most ruthless criminals. However‚ in 1874‚ he tried to take on the James brothers‚ and he failed. The man dubbed America’s first "private eye" was born near Glasgow‚ Scotland‚ on July 21‚ 1819. Involved as a young man in radical politics‚ he was forced to immigrate to America in 1842. Pinkerton and his wife settled
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Pinkerton (A) Assignment The assignment is twofold. First‚ to advise Tom Wathen as to whether he should buy Pinkerton for the asking price of $100 million. Second‚ regardless of your answer to #1‚ assuming that Wathen does buy Pinkerton‚ should he finance the purchase with Financing Alternative #1 (debt and equity financing from an investment firm) or Alternative #2 (all debt financing from a bank). The financing alternatives are discussed on page 4 of the case. You should do the discounted
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Biography of Allan Pinkerton Mona London CJS/250 Introduction Security 05/26/2013 In this paper‚ we will examine the life of Allan Pinkerton. We will examine how his history with law enforcement influenced the major events that involve the Pinkerton Detective Agency during his life. The last topic of discussion will cover the impact of the agencies innovations on law enforcement and the private security industry. Allan Pinkerton was born August 25‚ 1819 in Glasgow‚ Scotland. He began working
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