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Steve Jones

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Allied Universal Buys USSA for $1B

Santa Ana-based Allied Universal, the largest private security firm in the U.S., said it will pay $1 billion to acquire U.S. Security Associates (USSA) from Goldman Sachs’ Merchant Banking Division.

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OC 500: Steve Jones

Started with $12M security services firm 1996 … now over $5B, 150K employees— big as Japan’s army … MBA, night school, U. Redlands … waste-management acquisition model … plans IPO, few years … growth due to terrorism, workplace violence, IP theft … $1B opportunity in tech: Uber-like app, robots … ‘blending of technology with traditional security … wave of the future’

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