WPP Seals US Security Deal with Goldman PE

As peHUB exclusively reported earlier this month, Wind Point Partners will sell its U.S. Security Associates, a contract guard services provider, to Goldman Sachs Capital Partners. Wind Point had operated the company since 1999; Jim TenBroek, a managing director with WPP, worked on the transaction for the private equity firm.



Chicago, IL, July 29, 2011 – Wind Point Partners, a private equity investment firm based in Chicago, announced today that it has sold one of its portfolio companies, U.S. Security Associates, to affiliates of Goldman Sachs Capital Partners. U.S. Security provides security services for over 3,000 clients, with 146 branches across the United States and Puerto Rico.

Wind Point acquired U.S. Security Associates (f/k/a Outsource Partners) in 1999 in partnership with CEO Chuck Schneider. Chuck co-founded U.S. Security in 1993 and previously served as CEO of Borg-Warner Security. He will continue to lead U.S. Security Associates and invested in the company alongside Goldman Sachs Capital Partners.

Chuck Schneider commented, “I’ve thoroughly enjoyed working with Wind Point over the past 12 years as we as we’ve grown to be the fourth largest provider of security services in the U.S. U.S. Security is a much better company as a result of its partnership with Wind Point.”

Jim TenBroek, a managing director at Wind Point stated, “Wind Point’s investment in U.S. Security Associates has been a true partnership with Chuck and his team. Chuck brought an unmatched depth of experience in the security services industry and a solid growth plan to U.S. Security. With his team’s expertise, Wind Point’s support and U.S. Security’s ability to leverage its superior business model, U.S. Security was able to consistently outperform the industry.”

About Wind Point Partners
Wind Point Partners is a private equity investment firm that manages commitments of approximately $2.5 billion. Wind Point focuses on partnering with top caliber CEOs to acquire middle market businesses where we can establish a clear path to value creation. Additional information about Wind Point is available at www.windpointpartners.com.

About U.S. Security Associates
U.S. Security Associates is a premier national provider of uniformed contract security services. Our more than 33,000 employees across more than 140 offices serve several thousand clients in a variety of industries across the country. For more information visit www.ussecurityassociates.com.