July 29, 2011
Wind Point Partners Sells U.S. Security Associates
Wind Point Partners announced today that it has sold one of its portfolio companies, U.S. Security Associates.
U.S. Security provides security services for over 3,000 clients, with 146 branches across the United States and Puerto Rico.
Wind Point acquired U.S. Security Associates (f/k/a Outsource Partners) in 1999 in partnership with CEO Chuck Schneider. Chuck co-founded U.S. Security in 1993 and previously served as CEO of Borg-Warner Security. He will continue to lead U.S. Security Associates and invested in the company alongside buyer Goldman Sachs Capital Partners.
Chuck Schneider commented, “I’ve thoroughly enjoyed working with Wind Point over the past 12 years as we as we’ve grown to be the fourth largest provider of security services in the U.S. U.S. Security is a much better company as a result of its partnership with Wind Point.”
Jim TenBroek, a managing director at Wind Point stated, “Wind Point’s investment in U.S. Security Associates has been a true partnership with Chuck and his team. Chuck brought an unmatched depth of experience in the security services industry and a solid growth plan to U.S. Security. With his team’s expertise, Wind Point’s support and U.S. Security’s ability to leverage its superior business model, U.S. Security was able to consistently outperform the industry.”