Universal acquires ABM
By Canadian SecurityNews Industry News
Universal Protection Service, a division of Universal Services of America and a portfolio company of Warburg Pincus and Partners Group, has announced that it has acquired the ABM Security Business, a division of ABM. The acquisition further expands this fast growing American-owned security company. The transaction was valued at a pre-tax level of $131 million.
Based in Houston, Texas, ABM Security has offices across the U.S., and is Safety Act Certified by the Department of Homeland Security.
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.
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