SSC SECURITY SERVICES TO GO PRIVATE IN ALL-CASH TRANSACTION WITH ALLIED UNIVERSAL, WORLD'S LARGEST SECURITY COMPANY, WITH CONCURRENT MANAGEMENT BUY-OUT

Transaction Highlights

REGINA, SK, May 26, 2026 /CNW/ - SSC Security Services Corp. (TSXV: SECU) (US: SECUF) ("SSC" or the "Company") and Universal Protection Service, LP (operating as Allied Universal) (and together with its wholly-owned subsidiary acting as purchaser, "Allied Universal") today announce that they have entered into a definitive arrangement agreement signed and dated May 26, 2026 (the "Arrangement Agreement") pursuant to which Allied Universal will acquire all of the issued and outstanding common shares of SSC (each a "SSC Share" and collectively, the "SSC Shares") by way of a statutory plan of arrangement (the "Arrangement") under The Business Corporations Act, 2021 (Saskatchewan) (the "Transaction"). As part of the Transaction, SSC and its wholly-owned subsidiary, Logixx Security Inc. ("LSI"), will sell their cyber security and legacy agriculture businesses (together, the "Carve-Out Business") to a corporation ("ManagementCo") controlled by SSC's current and former senior management team (the "Management Purchasers") pursuant to a management buyout transaction (the "MBO").