|April 6, 2015 – Chicago, IL – LaSalle Capital and its portfolio company, United American Security, a provider of security guards and guard services, announced today that Steve Frost will retire as CEO effective April 16. Stephen Levine, former CEO of Allegiance Security Group, LLC, will assume the role of CEO as of April 16.
Mr. Frost has served as the company’s chief executive officer since its inception in 2010. Before joining United American Security, Mr. Frost served as Executive Vice President of SSA Security, Inc., a subsidiary of ABM Industries, where he was responsible for conducting the acquisitions and integrations of three add-on security guard companies. Prior to that, Steve served as the CFO and Executive Vice President of Security Services of America where he completed 29 security guard company acquisitions before overseeing the sale of the business to SSA Security, Inc. “I have been honored to serve this great company and am deeply grateful for the experience,” stated Frost. “I’m proud of the work we have accomplished and I feel Stephen is a natural choice to serve as my successor.”
Mr. Levine has spent the last forty years serving in leadership roles within the security group sector. In 1991 he launched Allied Protection Service, a service which provides armed and unarmed guard services. Upon selling the company in 2007 to Trivest, he went on to join Allegiance Security Group, LLC as regional vice president, transitioning to the role of CEO in 2012. There he facilitated the acquisition of Allegiance Security Group, LLC by Universal Protection Services in April of 2013. “I am excited to take on this role with United American Security,” stated Levine. “I feel my background blends nicely with the needs of the United American Security platform and its customers, and I look forward to the opportunity to serve them as CEO.”
If you have any questions regarding United American Security or would like to discuss other opportunities in the industry, please contact Nick Christopher of LaSalle Capital at (312) 236-7041.
About United American Security
United American Security is a security guard services business focused on serving a variety of manufacturing, distribution, retail and commercial office clients. UAS was incorporated in 2010 by combining three top tier security companies: Eagle Security, Industrial Security Service, LLC, and Leonard Security Services. By combining three industry leaders, United American Security is in a unique position to offer local service across a broad geographic footprint. Following the trend set by these three platform companies, United American Security is committed to customer satisfaction. Visit www.unitedamericansecurity.com for more information.
About LaSalle Capital
LaSalle Capital is a leading private equity firm with extensive experience in the lower middle market. We currently manage two funds totaling over $330 million in capital. Our team has deep experience in partnering with management teams to grow and develop middle market businesses. We add value to companies by providing strategic operating focus and promoting growth organically and through acquisitions. Visit www.lasallecapital.com for more information.