Daily News: March 2, 2015

TCF Increases Facility to Support UAS Acquisitions

TCF Capital Funding provided two additional facility increases to its existing secured financing to support United American Security in its acquisition of Pond Securities, Vector Securities and United National Security.

“TCF Capital Funding originally supported LaSalle’s portfolio company, United American Security, as a growth platform in the security guard industry. Part of the original investment thesis included growth through strategic acquisitions, so we’ve been thrilled to be able to support LaSalle and the Company through several accretive transactions,” said TCF Capital Funding SVP Jim Kuncl.

“TCF Capital Funding has continued to support us beyond its original commitment to the UAS platform. We look forward to partnering with their team as we continue to grow the Company,” said Nick Christopher of LaSalle Capital.

Steve Frost, president and CEO at UAS commented, “We have assembled a group of highly experienced operators to create a fully integrated organization focused on growth. Our operating expertise, coupled with the financial resources and buy-and-build experience of LaSalle Capital, position us extremely well to continue to build a leading security guard business.”

Raleigh, NC-headquartered United American Security provides security guard services for a variety of customers in the manufacturing, industrial, distribution, corporate, retail, hospitality, gated community and other related segments.