Daily News: April 21, 2014

TCF provides $13MM for LaSalle Refi of United American Security

TCF Capital Funding announced it provided a $13 million secured financing to support the refinance of United American Security by LaSalle Capital.

Headquartered in Raleigh, NC, United American Security provides security guard services for customers in the manufacturing, industrial, distribution, corporate, retail, hospitality, gated community and other related segments. Security services provided include facility patrols, reception services, emergency and alarm response services, loss prevention services, vehicle inspections, among others.

“United American Security is a growth platform in the security guard industry, led by an experienced management team, and backed by an excellent sponsor in LaSalle Capital,” said TCF Capital Funding Senior Vice President Jim Kuncl.

“TCF Capital Funding provided an excellent financing solution and took the time to understand the UAS platform. We look forward to working with them again in the future,” said Nick Christopher of LaSalle Capital.

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