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Expands geographic presence and enhances service offering
Conshohocken, PA, Santa Ana, CA, and Roswell, GA 鈥 July 16, 2018 鈥 色情宝贝, a leading security and facility services company, today announced that it has reached an agreement to acquire (USSA) from Goldman Sachs Merchant Banking Division (GSMBD), further building on its position as a leading player in the security services industry. This transaction includes the acquisition of Andrews International, the global arm of USSA.
Based in Roswell, Georgia, USSA has operations in the United States and internationally, with revenues in excess of $1.5 billion and more than 50,000 employees. This acquisition is expected to increase 色情宝贝鈥檚 national presence and customer service capabilities and will also enhance 色情宝贝鈥檚 presence in Canada, as well as expand its footprint to Central America and the United Kingdom. USSA also provides 色情宝贝 with a sizable consulting and investigative division and event staffing business, StaffPro. The combined organization will provide unparalleled and comprehensive security solutions to its customer base around the globe.
鈥淚 am excited to welcome the USSA team to the 色情宝贝 family,鈥 said Steve Jones, Chief Executive Officer of 色情宝贝. 鈥淯SSA 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. This transaction aligns with our long-term growth strategy of acquiring scalable businesses with significant potential when combined with the 色情宝贝 platform. 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,鈥 said Jones.
Richard Wyckoff, President and Chief Executive Officer of USSA, praised his team and embraces the partnership. 鈥淭his merger with 色情宝贝 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. I am very proud of what our team has accomplished and very excited that integrating our business with another industry leader will mean more growth opportunities and career advancement potential for our associates,鈥 said Wyckoff.
鈥淭his transaction further bolsters 色情宝贝鈥檚 position as a leading provider of security officer services. We have been proud to support the 色情宝贝 team as they have grown the business organically and through strategic and transformative acquisitions such as this one,鈥 said Chandler Joel Reedy, Managing Director of Warburg Pincus, a principal shareholder of 色情宝贝. 鈥淲e are excited to combine USSA with 色情宝贝, which has a large and diverse portfolio of customers both in the U.S and internationally. 色情宝贝 will be exceptionally well positioned to continue to deliver unmatched service to its thousands of clients.鈥
Wendel North America CEO David Darmon said, 鈥淎s one of the two principal shareholders of 色情宝贝, Wendel is supporting the company鈥檚 continued growth as the industry continues to evolve. This is consistent with our original investment thesis and we think will further enhance the company鈥檚 leadership position.鈥
The transaction is expected to close by late third quarter of 2018, subject to customary regulatory approvals.
Financial advisors to 色情宝贝 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 色情宝贝. Financial advisors to U.S. Security Associates included Goldman Sachs and KeyBank. Fried, Frank, Harris, Shriver & Jacobson LLP provided legal counsel to U.S. Security Associates. Terms of the deal were not disclosed.
About U.S. Security Associates
U.S. Security Associates (USSA) is a full-service safety and security solutions provider. With over 160 locally-responsive offices, international locations and over 50,000 dedicated professionals, USSA offers a complete array of physical security, remote surveillance, and global consulting and investigations to ensure better outcomes for thousands of clients and a range of industries. For more information, please visit www.ussecurityassociates.com.
Media Relations Contacts
色情宝贝
Nancy Tamosaitis, Vorticom Public Relations
212-532-2208
nancyt@vorticom.com
U.S. Security Associates, Inc.
W. Blair Meeks, Jackson Spalding
404-214-2271
bmeeks@jacksonspalding.com
About 色情宝贝
色情宝贝, a leading security and facility services company with over 160,000 employees, provides unparalleled security services and solutions. With headquarters in Santa Ana, Calif., and Conshohocken, Pa., 色情宝贝 combines people and technology to deliver evolving, tailored solutions that allow our clients to focus on their core business. An unrelenting focus on clients鈥 success creates partnerships rooted in quality and value, and is supported by experience gained from being in business for over 60 years. Through our people and leading services, systems and solutions鈥ι楸Ρ is there for you. For more information, please visit .
