Caltius Mezzanine Provides Follow-On Investment in Universal Services of America
August 15, 2012
Los Angeles, CA, August 2012 – Caltius Mezzanine is pleased to announce the recent closing of a significant follow-on investment in Universal Services of America (“USA”) which was used to finance USA’s acquisition of A&R Security Services (“A&R”) and provide an acquisition line for future transactions.
A&R is one of the largest privately owned and operated security providers in the Midwest, operating under the A&R Security and United Security brand names. The A&R acquisition is USA’s platform acquisition in the Midwest and further enhances USA’s ability to service national accounts.
Headquartered in Santa Ana, CA, USA’s subsidiary, Universal Protection Service (“UPS”) is now the 5th largest security guard company in the U.S. and the 3rd largest U.S. owned security organization. USA’s other two subsidiaries include Universal Building Maintenance, a provider of janitorial services, and Universal Security Systems, which provides security alarm and access control systems and related services.
“This is the sixth acquisition that we have made with the help of Caltius, who continues to be a reliable and valuable partner to USA,” noted Steve Jones, co-CEO of USA. “Caltius is pleased to be able to increase its investment size in such a well performing portfolio company,” stated Greg Howorth, Managing Director of Caltius Mezzanine.
Based in Los Angeles, Caltius Mezzanine provides innovative capital solutions in amounts of $10 to $100 million to middle market companies throughout North America. Since its founding in 1997, Caltius Mezzanine has invested over $900 million in a broad range of industries to support acquisitions, recapitalizations, buyouts, and organic growth. Caltius Mezzanine is currently investing out of its fourth fund, Caltius Partners IV, LP, a $500 million fund that closed in May 2008. For more information or to refer an investment opportunity, please call us at (310) 996-9585.