Allied universal ticker pro#

This transaction aligns with our long-term growth strategy of acquiring scalable businesses with significant potential when combined with the Allied Universal platform. 'USSA has built itself into one of the leaders in the security industry over the years and provides a unique suite of security solutions to a wide array of clients across industry verticals. 'I am excited to welcome the USSA team to the Allied Universal family,' said Steve Jones, Chief Executive Officer of Allied Universal. Including anticipated synergies, the Company's leverage ratio per its financing documentation is expected to improve to below 6.5x.

Allied universal ticker pro#

Pro forma for the transaction, Allied Universal will employ approximately 200,000 security professionals and generate combined pro forma revenues of $7 billion. It will also enhance Allied Universal's presence in Canada, as well as expand its footprint to Central America and the United Kingdom. The combination is expected to significantly enhance Allied Universal's national presence and customer service capabilities and to generate approximately $55 million in annual synergies over the next 24 months.

Wendel and Warburg Pincus are expected to each maintain approximately one-third economic ownership. The transaction is expected to close by the end of 2018, subject to customary regulatory approvals.Īllied Universal intends to fund the transaction with a combination of additional indebtedness and up to $200 million of equity from existing shareholders, including up to $80 million from Wendel, increasing its total investment to $380 million. $1.5 billion and $95 million, respectively. USSA generated 2017 pro forma revenues and Adjusted EBITDA of c. Based in Roswell, Georgia, USSA is one of the leading providers of security and related services in the United States, employing more than 50,000 security professionals serving several thousand clients across a wide range of industries. Security Associates ('USSA') for approximately $1.0 billion. and ROSWELL, Ga., J/PRNewswire/ - Allied Universal today announced it has agreed to acquire U.S.