DealsApr 13, 2026, 06:06 AM
AGSS Subsidiary Loses VA Contract, $9M Annual Revenue Impact
AI Summary
Ameriguard Security Services Inc.'s (AGSS) subsidiary, TransportUS Inc. (TUS), lost a significant contract with the Department of Veterans Affairs, which had provided approximately $9 million in annual revenues for 7.5 years. This loss represents about 58% of AGSS's total projected revenue for 2026. TUS plans to protest the award, while continuing to manage other contracts totaling $3.8 million annually.
Key Highlights
- AGSS subsidiary lost VA contract worth $9 million annually.
- Contract loss represents 58% of projected 2026 total revenue.
- The contract was managed by TUS for 7.5 years.
- New contract awarded for $20.9 million over 3.5 years.
- TUS plans to protest the contract award decision.