Ameriguard Security Services, Inc. (OTC: AGSS)

AmeriGuard Security Services, Inc. is a provider of security guard services and non-emergency medical transportation services, operating as a federal contractor for governmental and commercial clients. The company conducts its operations through two wholly owned subsidiaries: AmeriGuard Security Services, which delivers armed and unarmed guard services, and TransportUS, Inc., which provides ambulatory and non-ambulatory patient transportation. AmeriGuard Security Services holds licenses to conduct armed guard operations in seven states and performs commercial guard services throughout California. The firm's headquarters are located in Fresno, California. As of December 31, 2024, AmeriGuard Security Services employed approximately 240 guard personnel, TransportUS employed 72 drivers and support staff, and the parent company had six administrative employees.

The company generates revenue primarily from its guard services and patient transportation services. AmeriGuard Security Services supplies armed and unarmed uniformed security personnel for access control, mobile patrols, traffic control, security console/system operators, fire safety directors, communication, reception, concierge and front desk/doorman services to federal, state and local governmental entities, quasi-governmental entities and commercial property, generating approximately $17.5 million in revenue for the fiscal year ended December 31, 2024. TransportUS, Inc. provides ambulatory and non-ambulatory patient transportation for the Veterans Administration in Long Beach, Central Los Angeles and Loma Linda, California, operating approximately seventy vehicles equipped with wheelchair lifts and a 24-hour-a-day, 365-day-a-year dispatch service, and secured two additional Veterans Administration contracts in 2024, yielding about $9 million in annual revenue. In total, the company reported combined revenues of roughly $26.5 million for the fiscal year ended December 31, 2024. While the firm has authorized 10,000,000 shares of Series A-1 Preferred Stock with seventy-two votes per share, no such shares are currently issued or outstanding.

The company operates through the following segments:

• AmeriGuard Security Services: This segment provides armed and unarmed uniformed security personnel for access control, mobile patrols, traffic control, security console/system operators, fire safety directors, communication, reception, concierge and front desk/doorman services to federal, state and local governmental entities, quasi-governmental entities and commercial property, generating approximately $17.5 million in revenue for the fiscal year ended December 31, 2024.

• TransportUS, Inc.: This segment provides ambulatory and non-ambulatory patient transportation services for the Veterans Administration in Long Beach, Central Los Angeles and Loma Linda, California, operating approximately seventy vehicles with wheelchair lifts and a 24/7 dispatch service, having won two additional Veterans Administration contracts in 2024, and generating approximately $9 million in annual revenue.

AmeriGuard Security Services, Inc. holds a modest position within the highly fragmented U. S. contract security industry, which comprises over eleven thousand firms and approximately nine hundred thousand officers. It competes with large national players such as Allied Universal, Securitas, G4S and Prosegur Security. With guard service revenue of about $17.5 million, the company sits above the $15-to-$20 million range where many smaller firms struggle to grow, benefiting from its federal contractor status, licenses in seven states, and diversified service lines that include both security and patient transport. In the non-emergency medical transportation market, estimated at $6.4 billion in 2022 with a compound annual growth rate between 7.5% and 9%, TransportUS is positioned to capture additional share of Veterans Administration contracts in southern California, leveraging its reputation for reliable service and ongoing fleet upgrades. The company plans to invest in integrated labor management platforms and talent-onboarding technology to improve scheduling compliance and reduce operating costs, thereby seeking to increase EBITDA margins toward the four-to-six percent range cited for larger peers.

The company serves federal, state and local governmental entities, quasi-governmental entities and commercial property through its guard services, and provides patient transportation to the Veterans Administration in California. Specific customers include the Veterans Administration, the General Services Administration, various federal agencies, state and local government departments, quasi-governmental organizations such as public transit authorities, and commercial property owners ranging from office buildings to retail centers, healthcare facilities, educational institutions, and manufacturing plants.