A C$25,000 second mortgage put Stephan Crétier into the security business. Thirty years later, a C$14 billion deal brought GardaWorld back under the control of its founder and management team.
The Montreal company began with a second mortgage and nearly buckled after an acquisition spree. Thirty years later, its unusual mix of guards, software, cameras and cash logistics offers a sharp lesson in how to modernize a stubbornly physical business.