Universal Protection Service to Acquire Guardsmark
Universal Protection Service, a division of Universal Services of America and a portfolio company of Warburg Pincus and Partners Group, has acquired Guardsmark. The companies together create the largest U.S.-owned security company. Terms of the transaction were not disclosed.
Based in Memphis, Tenn., Guardsmark has more than 125 offices serving more than 400 cities in the U.S., Canada, Puerto Rico and the U.K. The company is led by Ira A. Lipman, founder, CEO and chairman, and has sought to cultivate a culture of customer service for more than 52 years. Guardsmark has grown organically without acquisition for 38 years.