Allied Universal Expands With U.S. Security Associates Buy
The transaction aligns with Allied Universal’s long-term growth strategy of acquiring scalable businesses with significant potential when combined with its platform, company CEO Steve Jones says.
The transaction aligns with Allied Universal’s long-term growth strategy of acquiring scalable businesses with significant potential when combined with its platform, company CEO Steve Jones says.
CONSHOHOCKEN, Pa. — Allied Universal, a leading security and facility services company, has reached an agreement to acquire U.S. Security Associates (USSA) from Goldman Sachs Merchant Banking Division (GSMBD) for undisclosed terms. The transaction includes the acquisition of Andrews Int’l, the global arm of USSA.
Based in Roswell, Ga., USSA has operations in the United States and internationally, with revenues in excess of $1.5 billion and more than 50,000 employees.
The acquisition is expected to increase Allied Universal’s national presence and customer service capabilities and will also enhance the company’s presence in Canada, as well as expand its footprint to Central America and the United Kingdom.
USSA also provides Allied Universal with a sizable consulting and investigative division and event staffing business, StaffPro. The combined organization will provide comprehensive security solutions to its customer base around the globe, according to an announcement.
The transaction aligns with Allied Universal’s long-term growth strategy of acquiring scalable businesses with significant potential when combined with its platform, company CEO Steve Jones says.
“USSA has evolved into one of the leaders in the security industry over the years and provides a unique suite of security solutions to a wide array of clients across industry verticals,” he says. “I look forward to collaborating with the USSA team to maximize the value that together we will bring to our customers and in identifying new ideas in the security space.”
Richard Wyckoff, president and CEO of USSA, praised his team, stating that integrating the business with another industry leader will mean more growth opportunities and career advancement potential for company associate.
“This merger with Allied Universal is a testament to the hard work and dedication of the men and women of USSA. We have focused on world-class customer service by providing innovative manpower and technological solutions to our clients. The industry has taken notice,” he says.
The transaction is expected to close by late third quarter of 2018, subject to customary regulatory approvals.
Financial advisors to Allied Universal for the transaction included Barclays, Citi, Credit Suisse, Deutsche Bank, HSBC, Moelis, Morgan Stanley and Societe Generale. Cleary Gottlieb Steen & Hamilton LLP provided legal counsel to Allied Universal. Financial advisors to USSA included Goldman Sachs and KeyBank. Fried, Frank, Harris, Shriver & Jacobson LLP provided legal counsel to U.S. Security Associates.
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Allied Universal is one of the worst security companies we’ve ever used. Hopefully this brings them some people with brains.
I work for USSA & believe We will be a good asset to the merged management.
I will work hard to change your opinion if in the future you can give us a try!