Allied Universal’s Acquisition of U.S. Security Associates (USSA)


Financial advisors to Allied Universal for the transaction included Barclays, Citi, Credit Suisse, Deutsche Bank, HSBC, Moelis, Morgan Stanley and Societe Generale. Cleary Gottlieb Steen & Hamilton LLP provided legal counsel to Allied Universal. Financial advisors to U.S. Security Associates included Goldman Sachs and KeyBank. Fried, Frank, Harris, Shriver & Jacobson LLP provided legal counsel to U.S. Security Associates. Terms of the deal were not disclosed.

Allied Universal, a leading security and facility services company, today announced that it has reached an agreement to acquire U.S. Security Associates (USSA) from Goldman Sachs Merchant Banking Division (GSMBD), 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 and will also enhance Allied Universal’s presence in Canada, as well as expand its footprint to Central America and the United Kingdom. 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.

The Fried Frank team was led by corporate partner Randi Lally (Picture) and included corporate partners Michael T. Gershberg and F. William Reindel; antitrust and competition partner Nathaniel L. Asker; executive compensation & ERISA partner Donald P. Carleen; tax partner Michael J. Alter; litigation of counsel James J. McCullough; corporate associates Samuel A. Borland, Reon Cloete, Bram Couvreur, Erica Jaffe, Brian Sullivan, and Grant W. Tse; antitrust and competition associates Matthew E. Joseph and Aleksandr B. Livshits; executive compensation & ERISA associate Maggie A. Kornreich; litigation associate Neaha P. Raol; and tax associate Ryan L. Conley.

Involved fees earner: Randi Lally – Fried Frank Harris Shriver & Jacobson; Michael Gershberg – Fried Frank Harris Shriver & Jacobson; William Reindel – Fried Frank Harris Shriver & Jacobson; Samuel Borland – Fried Frank Harris Shriver & Jacobson; Reon Cloete – Fried Frank Harris Shriver & Jacobson; Bram Couvreur – Fried Frank Harris Shriver & Jacobson; Erica Jaffe – Fried Frank Harris Shriver & Jacobson; Brian Sullivan – Fried Frank Harris Shriver & Jacobson; Grant Tse – Fried Frank Harris Shriver & Jacobson; Nathaniel Asker – Fried Frank Harris Shriver & Jacobson; Matthew Joseph – Fried Frank Harris Shriver & Jacobson; Aleksandr Livshits – Fried Frank Harris Shriver & Jacobson; Donald Carleen – Fried Frank Harris Shriver & Jacobson; Maggie Kornreich – Fried Frank Harris Shriver & Jacobson; Michael Alter – Fried Frank Harris Shriver & Jacobson; Ryan Conley – Fried Frank Harris Shriver & Jacobson; James McCullough – Fried Frank Harris Shriver & Jacobson; Neaha Raol – Fried Frank Harris Shriver & Jacobson;

Law Firms: Fried Frank Harris Shriver & Jacobson;

Clients: U.S. Security Associates;

Author: Ambrogio Visconti