U.S. private equity firm LaSalle Capital has sold United American Security (UAS), a Raleigh, North Carolina-based provider of security guard services in the United States, to Canada’s Garda World Security Corp. No financial terms were disclosed. LaSalle initially invested in UAS in 2010. UAS CEO Stephen Levine will continue to lead the business as a subsidiary of Garda World, a Montréal-based security services provider. Garda World was acquired last year by U.S. private equity firm Rhône Capital in partnership with Stephan Crétier, the company’s founder, chairman and CEO.
LaSalle Capital Exits United American Security
Chicago, IL – March 9, 2018 – LaSalle Capital (“LaSalle”) is pleased to announce the sale of its portfolio company, United American Security (“UAS” or the “Company”), to Garda World Security Corporation (“Garda World”), one of the world’s largest privately-owned security services providers. UAS is a leading provider of security guard services in the U.S., with 26 offices and over 3,500 highly trained security professionals.
Stephen Levine, CEO of UAS, will continue to lead the Company as a division of Garda World and is excited to continue the Company’s strong record of organic and acquisition-driven growth. Under LaSalle’s ownership, UAS completed 22 add-on acquisitions and transformed into a multi-regional leader serving corporate, industrial, retail, hospital and embassy clients across the U.S. Levine stated, “We appreciated the partnership with LaSalle and the resources and support they gave to our management team. We look forward to our next chapter of growth as part of Garda World, one of the leading companies in our industry.”
Kelly Cornelis, Partner at LaSalle Capital, commented, “Stephen and his team did an excellent job of accelerating UAS’s growth the last three years, as we expanded geographically and integrated several key acquisitions.” Nick Christopher, Partner at LaSalle added, “We have greatly enjoyed the partnership with UAS and wish the team continued success under the Garda World umbrella.”
If you have questions regarding this transaction, please contact Kelly Cornelis or Nick Christopher of LaSalle Capital at (312) 236-7041.
About LaSalle Capital
LaSalle Capital is a leading private equity firm with extensive experience in the lower middle market. We currently manage two funds totaling over $345 million in capital. We have a proven track record of partnering with management teams to increase value in our companies by providing strategic operating focus and driving growth organically and through acquisitions. We have domain expertise and investment focus in two industry sectors: food and beverage and technology-enabled business services.
Photo courtesy of Garda World Security Corp