Wrap Expands with W1 Global Acquisition, Enhancing Safety Services
Deal News | Feb 24, 2025 | Globenewswire
Wrap Technologies, a leading provider of advanced public safety solutions, has completed the acquisition of W1 Global, a distinguished professional services and consulting firm led by ex-law enforcement and intelligence professionals. This acquisition aims to enhance Wrap’s Managed Safety and Response (MSR) solutions by incorporating W1's expertise in international criminal investigations and regulatory compliance. With this strategic move, Wrap plans to leverage W1’s global network to expand their services internationally and boost their domestic market presence by accessing a talent pool of former government employees. The integration of technology like BolaWrap with W1's consulting services promises to deliver comprehensive safety solutions for public safety agencies, driving immediate revenue growth and accretive synergies.
Sectors
- Public Safety Solutions
- Professional Services
- Technology
Geography
- United States – Wrap Technologies is based in Tempe, Arizona, and serves over a thousand agencies across the U.S.
- Global – W1 Global’s expertise and network facilitate Wrap’s expansion into international markets, emphasizing global distribution and support.
Industry
- Public Safety Solutions – Wrap Technologies operates within the public safety sector, offering innovative solutions like BolaWrap, Wrap Reality, and Intrensic to enhance safety outcomes for public safety agencies.
- Professional Services – W1 Global operates as a professional services and consulting firm, providing expertise in law enforcement, regulatory compliance, and international criminal investigations.
- Technology – The integration of advanced technologies like BolaWrap and virtual reality training in Wrap’s offerings positions it within the broader tech industry, providing tech-enabled safety solutions.
Financials
- Not specified – The article does not specify the financial terms of the acquisition of W1 Global by Wrap Technologies.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Wrap Technologies, Inc. | Bidding Company | Company | Wrap is a provider of innovative public safety technology solutions. |
| W1 Global, LLC | Target Company | Company | W1 Global is a consulting firm led by former law enforcement professionals, specializing in regulatory compliance and international investigations. |
| Bill McMurry | Professional Services Leader | Person | Retired FBI Supervisory Special Agent with extensive law enforcement and intelligence experience. |
| Jim DeStefano | Managed Safety and Response Leader | Person | Former Assistant Special Agent with experience in crisis management and special operations. |
| Ric Bachour | Investigative and Regulatory Services Support | Person | Former police officer and U.S. Marine with leadership in DEA operations. |
| Scot Cohen | Chairman and CEO of Wrap | Person | Leader of Wrap Technologies, emphasizing transformational growth and innovation. |