April 2010  
Formation of United American Security, LLC of Cleveland, OH
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Chicago, IL – LaSalle Capital Group, L.P. ("LaSalle Capital") is pleased to announce that it has formed United American Security, LLC along with Expedition Capital Partners LLC (“ECP”), through the acquisition of three security guard services businesses and has backed long-time industry veteran, Steve Frost, to execute a buy-and-build strategy in the security guard services industry.

United American Security was formed 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. based in Portsmouth, VA. Each company brings experienced management and a long history of successfully operating and growing businesses focused on serving a variety of manufacturing, distribution and commercial office clients.

Steve Frost, a 40-year veteran of the industry, most notably serving as Chief Executive Officer of Employer’s Security Company in Knoxville, TN and Chief Financial Officer of Security Services of America in Morehead City, NC, commented, "I am very excited to bring these three businesses together onto one operating platform. We have a group of highly experienced operators who will benefit from the combination and sharing of best practices to create one integrated organization. This experience coupled with the financial resources of LaSalle Capital positions us extremely well to create a leading security guard business with American roots. I look forward to aggressively growing our newly united business over the coming years."

Jeff Walters, co-founder of LaSalle Capital, noted, "These companies' outstanding reputation for superior service and capabilities combined with Steve’s experience provides for a strong platform and growth opportunity. We are excited to work with Steve and the entire UAS management team to build a leading industrial and commercial security services business.”

If you have questions regarding this acquisition or would like to discuss other opportunities in the security guard services industry, please contact Nick Christopher or Jeff Walters of LaSalle Capital at (312) 236-7041.


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