May 4, 2010 - Expedition Capital Partners and LaSalle Capital Group Announce the Formation of United American Security

 

Chicago, IL – Expedition Capital Partners LLC (“ECP”), along with LaSalle Capital Group L.P. (“LaSalle Capital”), is pleased to announce the formation of United American Security (“UAS”) through the simultaneous acquisitions of Industrial Security Services, Inc. based in Cleveland, OH; Leonard Security Services, Inc. based in Virginia Beach, VA; and Eagle Security Inc. in Portsmouth, VA.

 

The platform was established by Expedition Capital Partners in conjunction with long time industry veteran, Steve Frost with the intent to execute a buy-and-build strategy in the highly fragmented security guard industry.  Each company in the initial platform brings experienced management and a long history of successfully operating in the security guard industry.

 

Steve Frost, a forty year veteran of the industry, most notably serving as Chief Executive Officer of Employer’s Security Company and Chief Financial Officer of Security Services of America, commented, “Expedition Capital Partners has been an ideal partner in the formation of UAS, from inception of the original thesis, to the sourcing of the proprietary deals, to the execution of transaction.  I look forward to working alongside them and LaSalle Capital to aggressively grow our newly united business over the coming years. We have put together a group of highly experienced operators who will benefit from the combination and sharing of best practices to create one integrated security guard platform."

 

Robi Mitra, Co-founder of Expedition Capital Partners, noted "We are delighted to have teamed with an industry expert in Steve Frost as well as an ideal equity partner in LaSalle Capital.  We look forward to an on-going role on the UAS board of directors assisting the management team in executing the buy-and-build strategy”

 

If you have questions regarding this transaction or wish to discuss any investment opportunities with Expedition Capital Partners, please reference (www.expedition-partners.com) for contact information.

 

About Expedition Capital Partners: 

Expedition Capital Partners is an independent private equity firm that focuses on leveraged buyouts in the lower middle-market.  With offices in Chicago and San Francisco, the firm was founded in 2009 by three investment professionals who collectively hold more than 28 years of private equity and investment banking experience.  The Principals of ECP believe the firm is uniquely positioned to capitalize on the attractive investment dynamics of today’s lower middle-market and seek investments across a wide range of sectors including business services, consumer products/services, distribution/logistics, healthcare, software, industrial/manufacturing, and waste/recycling. If you have questions regarding this transaction or wish to discuss any investment opportunities with Expedition Capital Partners, please reference www.expedition-partners.com for contact information.
 

About LaSalle Capital Group:

Founded in 1984, LaSalle Capital Group is a private equity firm making control equity investments in leveraged buyout and recapitalization transactions in the United States.  The Principals of LaSalle Capital collectively have over 60 years of private equity investment experience and are currently investing a $127 million committed fund.   LaSalle Capital pursues investments primarily in the food and beverage and outsourced business services sectors and adds value to companies by providing strategic operating focus and promoting rapid appreciation through organic growth and acquisitions.  For more information about LaSalle's investments and team please visit (www.lasallecapitalgroup.com).