Universal Services of America Gets Major Investment from Private Equity Firm

New York-based Warburg Pincus takes a majority stake in Universal, a provider of guarding and janitorial services, plus electronic security and fire/life-safety solutions.

NEW YORK – Warburg Pincus, a global private equity firm, has entered into a definitive agreement to make a major investment in Universal Services of America, alongside company management and Partners Group, its current financial partner. Terms of the transaction, which are subject to customary closing conditions, were not disclosed.

Employing more than 44,000 uniformed security officers operating out of more than 100 locations nationwide, Universal provides a mix of traditional security services with advanced systems and technology servicing a diverse customer set.

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“Warburg Pincus’ investment will enable us to continue to expand into new markets, make strategic acquisitions, and grow our scale,” says Universal Services CEO Steve Jones. “We would also like to thank Partners Group for its support during the past six years, first as an investor in our corporate debt and later as a major shareholder, as it helped build Universal into the industry leader that it is today.”

Chandler Reedy, managing director at Warburg Pincus, describes Universal as the fastest growing player in the U.S. security services market. “We anticipate the company’s continued growth in size and market share due to the strength of its brand and innovative approach to recruiting, hiring and training,” he says.

Baird acted as financial advisor to Partners Group and Universal Services of America. Credit Suisse acted as financial advisor to Warburg Pincus.

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