Equity Partners Serves as USI Investment Banker in 363 Sale

November 28, 2018 

M&A advisory firm Equity Partners acted as investment banker to USI Services Group in its recently completed sale to SecurAmerica. The sale was effectuated through a Chapter 11 Section 363 process, which was approved by the Bankruptcy Court in New Jersey on November 8.

Founded 112 years ago, USI provides facility maintenance and security guard services to major, multi-national retail and event service customers for decades. The company employs almost 2,000 people across the country, with the majority of those jobs to be retained by SecurAmerica.

Frederick Goldring, president and CEO of USI, said, “We are thankful to have found the right partner in SecurAmerica and believe the synergies will make for a very strong company moving forward. We are excited to continue to provide excellent service to our customers with additional resources and build upon the successes of the past 112 years.”

Headquartered in Atlanta, SecurAmerica provides innovative, premium security services across the U.S., along with, through its ERMC subsidiary, janitorial, maintenance, security and landscaping services in over 650 locations.

Frank Argenbright, founder and executive chairman of SecurAmerica, stated “We are excited about the opportunity to partner with the USI team, which has a legacy based on forging long-lasting strong customer relationships. We look forward to building on the USI legacy as we continue to execute our strategic initiatives for future growth and market expansion.”

Matt LoCascio, a managing director at Equity Partners, stated, “The opportunity to save almost 2,000 jobs was something we were motivated by and we are pleased with the result. I believe this will be an excellent fit for both parties and wish them the best of luck as they proceed.”

Based in Easton, MD, Equity Partners provides boutique investment banking services for special situations and middle market companies.