M&A Deal Summary

Allied Universal Acquires Andrews International

On October 26, 2018, Allied Universal acquired safety/security company Andrews International from Audax Private Equity and Greyrock Capital Group

Acquisition Highlights
  • This is Allied Universal’s 10th transaction in the Safety/Security sector.
  • This is Allied Universal’s 9th transaction in the United States.
  • This is Allied Universal’s 2nd transaction in California.

M&A Deal Summary
Date 2018-10-26
Target Andrews International
Sector Safety/Security
Buyer(s) Allied Universal
Sellers(s) Audax Private Equity
Greyrock Capital Group
Deal Type Add-on Acquisition

Target

Andrews International

Valencia, California, United States
Andrews International is a provider of private security and risk mitigation services to the entertainment, high-end retail, financial services, commercial property management, and education verticals.

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Buyer(S) 1

Buyer

Allied Universal

Santa Ana, California, United States
Category Company
Founded 2016
Sector Safety/Security
DESCRIPTION

Allied Universal is a facility services company and the largest security services provider in North America. The company provides unparalleled security services and solutions to serve, secure and care for the people and businesses in our communities. It combines people and technology to deliver tailored solutions that allow clients to focus on their core business, achieve goals, seize opportunities and exceed stakeholder expectations. Allied Universal was formed in 2016 and is based in Santa Ana, California.

DEAL STATS #
Overall 10 of 24
Sector (Safety/Security) 10 of 23
Type (Add-on Acquisition) 6 of 20
State (California) 2 of 2
Country (United States) 9 of 19
Year (2018) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-16 U.S. Security Associates

Roswell, Georgia, United States

U.S. Security Associates, Inc. is a security and facility services company with over 160,000 employees, provides unparalleled security services and solutions. With headquarters in Santa Ana, Calif., and Conshohocken, Pa., Allied Universal combines people and technology to deliver evolving, tailored solutions that allow our clients to focus on their core business. An unrelenting focus on clients’ success creates partnerships rooted in quality and value, and is supported by experience gained from being in business for over 60 years. Through our people and leading services, systems and solutions.

Buy $1.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-10 Securadyne Systems

Dallas, Texas, United States

Securadyne Systems LLC is a security systems integration company providing integrated & managed electronic security solutions with emphasis on risk mitigation and business process improvement. Securadyne Systems was established in 2012 and is based in Dallas, Texas.

Buy -

Seller(S) 2

SELLER

Audax Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Audax Private Equity is a private equity firm focused on acquiring control positions in a variety of mid to large North American headquartered companies. The Firm segments its activities into lower middle-market and larger scale investing. Within its larger group, Audax targets profitable businesses valued up to $800 million and within its lower middle-market group, the Firm seeks companies valued up to $125 million. Sectors of interest include business services, consumer products/services, financial services, healthcare services, industrial services, software, and technology. Audax has a special interest in businesses that can benefit from a buy and build investment strategy for growth. Audax Private Equity was formed in 1999 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 65 of 102
Sector (Safety/Security) 2 of 4
Type (Add-on Acquisition) 21 of 35
State (California) 3 of 8
Country (United States) 63 of 97
Year (2018) 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-01 Wellpath

Nashville, Tennessee, United States

Wellpath is a provider of outsourced correctional and behavioral healthcare services to jail, prison and other behavioral care facilities. Born out of the joining of two great companies, Correct Care Solutions and Correctional Medical Group Companies, Wellpath has over 35 years of experience providing high-quality medical and behavioral care to often overlooked patient populations in challenging clinical environments. Wellpath provides localized, high-quality, compassionate healthcare to nearly 300,000 patients daily in more than 550 health clinics and hospitals. Wellpath was founded in 2005 and is based in Nashville, Tennessee.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-13 Numotion

Hazelwood, Missouri, United States

Numotion is a provider of complex rehabilitation products, including custom power and manual wheelchairs for disabled adults and children. Numotion was founded in 2001 and is based in Hazelwood, Missouri.

Sell -
SELLER

Greyrock Capital Group

Walnut Creek, California, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2002
PE ASSETS 350M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Greyrock Capital Group provides mezzanine debt and equity capital to finance buyouts, recapitalizations and growth needs of middle market companies. Greyrock looks to invest between $8 and $40 million of equity and/or junior capital in companies with minimum revenues of $10 million and at least $2 million of EBITDA. Greyrock prefers companies in defensible markets with low cost structures. Greyrock Capital was formed in 2002 and has offices in San Francisco, California; Chicago, Illinois; and Westport, Connecticut.

DEAL STATS #
Overall 34 of 45
Sector (Safety/Security) 2 of 2
Type (Add-on Acquisition) 19 of 23
State (California) 7 of 11
Country (United States) 34 of 45
Year (2018) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-24 Tricoci University of Beauty Culture

Chicago, Illinois, United States

Tricoci University of Beauty Culture is a provider of fresh and innovative cosmetology, esthetics and barbering education in the Midwest, providing students with advanced technical skills, ethics, professionalism and leadership values. Tricoci University of Beauty Culture is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-01 Allen Technologies

Austin, Texas, United States

Allen Technologies, Inc. provides hospital patients and their guests a suite of for-fee entertainment services, such as premium satellite entertainment, on-demand feature movies, and internet service. Allen’s systems also facilitate hospitals’ compliance with federal regulations that mandate patient education and medical data collection at the bedside. Allen Technologies was founded in 1977 and is based in Austin, Texas.

Sell -
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