|Allied Universal acquires U.S. Security Associates
|Allied Universal recently announced that it has reached an agreement to acquire U.S. Security Associates (USSA), 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 Allied Universal’s national presence and customer service capabilities.
USSA also provides Allied Universal 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.
“I am excited to welcome the USSA team to the Allied Universal family,” said Steve Jones, chief executive officer of Allied Universal. “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. This transaction aligns with our long-term growth strategy of acquiring scalable businesses with significant potential when combined with the Allied Universal 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,” said Jones.
“This transaction further bolsters Allied Universal’s position as a leading provider of security officer services. We have been proud to support the Allied Universal team as they have grown the business organically and through strategic and transformative acquisitions such as this one,” said Chandler Joel Reedy, Managing Director of Warburg Pincus, a principal shareholder of Allied Universal. “We are excited to combine USSA with Allied Universal, which has a large and diverse portfolio of customers both in the U.S and internationally. Allied Universal will be exceptionally well positioned to continue to deliver unmatched service to its thousands of clients.”
The transaction is expected to close by late third quarter of 2018, subject to customary regulatory approvals.
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