Universal Protection Service Acquires ABM Security Business
Acquisition Expands the Largest American-owned Security Company
Acquisition Expands the Largest American-owned Security Company
SANTA ANA, Calif. and HOUSTON, Oct. 26, 2015 /PRNewswire/ -- Universal Protection Service, a division of Universal Services of America and a portfolio company of Warburg Pincus and Partners Group, announced today that it has acquired the ABM Security Business, a division of ABM (NYSE:ABM). The acquisition further expands the largest and fastest growing American-owned security company. The transaction was valued at a pre-tax level of $131 million.
Based in Houston, Texas, ABM Security is one of the top 10 largest security service providers in the U.S., with offices across the country, and is Safety Act Certified by the Department of Homeland Security.
Steve Jones, CEO of Universal Services of America, said, "I have admired ABM since I entered this industry almost 18 years ago. Scott Salmirs and the ABM team have built an excellent business, and I am excited that we will be partnering together. This acquisition is part of our long-term strategic plan to continue to add great people and an unmatched depth of resources into local markets around the country so that we can deliver an even higher level of services to our clients. Together, we will bring great opportunities to the ABM Security Business employees, and we will deliver new service offerings to their clients."
Scott Salmirs, CEO of ABM stated: "The combination of the ABM Security Business and Universal Protection Service will provide significant benefits for our clients, including access to Universal's unique technology and high density of dedicated field resources."
Wells Fargo Securities acted as financial advisor to ABM. Cleary Gottlieb Steen & Hamilton LLP acted as legal counsel to Universal Protection Service. Jones Day acted as legal counsel to ABM.
About Universal Services of America
Founded in 1965, Universal Services of America is one of the leading facility services companies in North America, combing an innovative mix of tradition with cutting edge systems and technology to keep pace with the ever-evolving needs of today's business environments. Headquartered in Santa Ana, Calif., Universal is a $2.5 billion company with more than 80,000 employees on staff. The company is now the second largest manned guarding security company in the U.S. and employs a hands-on, highly experienced management team and continuous training to deliver consistent, high quality security solutions. Universal has four unique divisions: Universal Protection Service; Universal Protection Security Systems, Universal Fire/Life Safety Services and Universal Building Maintenance. To learn more, visit www.universalpro.com.
About ABM
ABM (NYSE: ABM) is a leading provider of facility solutions with revenues of approximately $5 billion and 120,000 employees in over 300 offices deployed throughout the United States and various international locations. ABM's service capabilities include electrical & lighting, energy solutions, facilities engineering, HVAC & mechanical, janitorial, landscape & turf, and parking, provided through stand-alone or integrated solutions. ABM provides custom facility solutions in urban, suburban and rural areas to properties of all sizes — from schools and bank branches to the largest and most complex facilities, such as airports, hospitals and manufacturing plants. ABM Industries Incorporated, which operates through its subsidiaries, was founded in 1909. For more information, visit www.abm.com.
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SOURCE Universal Protection Service
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