Universal Protection Makes NY BuyThursday, January 3, 2013
Santa Ana-based Universal Protection Service has acquired the security officer services division of T&M Protection Resources LLC in New York on undisclosed terms.
Universal Protection is part of Universal Services of America in Santa Ana. The parent company had about $662 million in revenue for 2012. It has 2,072 employees here and roughly 23,000 overall.
This deal gives Universal Protection a foothold in the Northeastern U.S.
“New York is a major market that we have long aspired to be in,” said Brian Cescolini, chairman and co-chief executive of Universal Services of America.
T&M provides a range of security and investigative services, including executive protection, corporate and private investigations, and data forensics. It has about $60 million in revenue and about 3,800 employees total. The company counts several offices in Israel, where it has five subsidiaries.
Bob Wood, T&M’s vice president of security officer services, will join Universal Protection as senior vice president of the Northeast region, a new position. T&M’s Chief Executive Robert Tucker will serve as a consultant to Universal Protection for the first year.
Recent deals for Universal Protection include five acquisitions last year, deals that were pushed along in part by concerns about pending changes in tax rates and costs of healthcare benefits.
Last year’s strategic buys, which included offices in Florida and Illinois, have placed Universal Protection in the Southeast and the Midwest markets, both new regions for the company.