Santa Ana-based securities services firm Universal Protection Service acquired IPC International Corp. in Bannockburn, Ill., on undisclosed terms.
Universal Protection is part of Universal Services of America, which also has building maintenance and fire-and-life safety units.
IPC International specializes in shopping center security operations and serves other public and private venues.
The latest acquisition, which was the largest deal yet for Universal Protection, brings about 500 malls and retail centers, among others, into the portfolio of properties it services. The deal is also expected to increase Universal Services of America’s revenue by about $130 million, bringing its annual total to more than $1 billion, an increase of more than 50% over last year.
—Jane Yu
