Warburg Pincus said Tuesday that it closed its majority investment in Universal Services of America. Financial terms weren’t announced. Partners Group was the seller. Santa Ana, California-based Universal Services provides security services. Baird advised Partners Group.
NEW YORK and SANTA ANA, Calif., July 28, 2015 /PRNewswire/ — Warburg Pincus, a leading global private equity firm focused on growth investing, today announced it has closed its previously announced transaction to make a major investment in Universal Services of America (“Universal” or “Company”), a leading security service company, alongside company management and Partners Group. Terms of the transaction, which was announced earlier this month, were not disclosed.
Employing more than 44,000 uniformed security officers operating out of 100+ locations nationwide, Universal is the fastest growing security services company in the industry. The company provides an innovative mix of traditional security services with cutting edge systems and technology servicing a broad and diverse customer set.
Baird acted as financial advisor to Partners Group and Universal Services of America. Credit Suisse acted as financial advisor to Warburg Pincus.
About Warburg Pincus
Warburg Pincus LLC is a leading global private equity firm focused on growth investing. The firm has more than $35 billion in assets under management. The firm’s active portfolio of more than 120 companies is highly diversified by stage, sector and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Founded in 1966, Warburg Pincus has raised 14 private equity funds, which have invested more than $50 billion in over 720 companies in more than 35 countries. The firm is headquartered in New York with offices in Amsterdam, Beijing, Frankfurt, Hong Kong, London,Luxembourg, Mauritius, Mumbai, San Francisco, São Paulo and Shanghai. http://www.warburgpincus.com/
About Partners Group
Partners Group is a global private markets investment management firm with over EUR 37 billion (over USD 45 billion) in investment programs under management in private equity, private real estate, private infrastructure and private debt. The firm manages a broad range of customized portfolios for an international clientele of institutional investors. Partners Group is headquartered in Zug,Switzerland and has offices in San Francisco, Houston, New York, São Paulo, London, Guernsey, Paris, Luxembourg, Milan, Munich,Dubai, Mumbai, Singapore, Shanghai, Seoul, Tokyo and Sydney. The firm employs over 750 people and is listed on the SIX Swiss Exchange (symbol: PGHN) with a major ownership by its partners and employees. http://www.partnersgroup.com/en/
About Universal Services of America
Founded in 1965, Universal Services of America combines an innovative mix of tradition with cutting edge systems and technology to keep pace with the ever-evolving needs of today’s business environments. Universal employs hands-on, highly experienced management teams and continuous training to deliver consistent, high quality security solutions. Universal has four unique divisions: Universal Protection Service; Universal Protection Security Systems; Universal Building Maintenance; and Universal Fire/Life Safety.http://www.universalpro.com/
Logo – http://photos.prnewswire.com/prnh/20100316/LA71355LOGO