Chicago, IL-October 23, 2012 - LaSalle Capital Group ('LaSalle Group") and its portfolio company, United American Security ("UAS"), are pleased to announce the acquisition of Sheppard Detective System, Inc. ("Sheppard" or the "Company").
Sheppard is a provider of unarmed security guard services to a variety of industries, including sites, hospitals, condominiums, schools, hotels, hospitals and retail facilities. The Company serves the greater Philadelphia area and is regarded as one of the top security providers in the region. Sheppard's guards have developed an outstanding reputation for customer service and responsiveness.
Sheppard is the fifth acquisition by UAS since its formation in April 2010 and expands the platform's geographic reach and service capabilities in the Philadelphia and southern New Jersey markets. UAS management expects to achieve significant cost savings by consolidating the operations of Sheppard into the larger UAS platform. "Adding Sheppard to our platform, gives us a stronger presence in Philadelphia and southern New Jersey, and will allow us to better serve our clients as the premier security services provider in the region," stated Steve Frost, CEO of UAS.
If you have any questions regarding this acquisition or would like to discuss other opportunities in the security guard series industry, please contact Nick Christopher or Kelly Cornelis of LaSalle Capital at (312)236-7041.
About LaSalle Capital
LaSalle Capital is a Chicago-based private equity firm with over $330 million of assets under management that focuses on controlling investments in lower middle market companies across the United States. The teams of nine investment professionals at LaSalle Capital have over 75 years of investing experience. LaSalle Capital targets companies operating in the food & beverage; outsourced business services; and value-added manufacturing/ distribution industries. Typical target companies are family and/or entrepreneurially owned companies with less than $75 million of Revenue and EBITDA of $2 million to $10 million.
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