Imperial Capital to acquire USBX
LOS ANGELES--Imperial Capital Group and Imperial Capital, a full-service investment bank based here, has entered into an agreement to acquire USBX and USBX Advisory Services, a boutique investment-banking firm focused on mergers and acquisitions, often in the security space. John Mack, the CEO and co-founder of USBX, is the former head of Protection One and is a frequent speaker at security industry events, including the USBX-presented Security Growth conference and the Homeland Security Investor conference.
Terms of the transaction were not disclosed. The acquisition is subject to regulatory approval, which the companies anticipate receiving within 30 days.
The upcoming acquisition is part of Imperial Capital's expansion efforts, according to a release. During the past two years, Imperial has added 27 professionals to its investment-banking department. After the acquisition, the company will employ 54 investment bankers actively advising clients in financing, restructuring, and M&A transactions.
Following the completion of the deal, Mack will serve as head of M&A at Imperial Capital.
For more on this story, see the January issue of Security Systems News.