American Securities
| File:American Securities logo.svg | |
| Company type | Private |
|---|---|
| Industry | Private equity |
| Founded | 1947 |
| Founder | William Rosenwald |
| Headquarters | 590 Madison Avenue New York City, New York, U.S. |
| Products | Private equity funds, Leveraged buyouts |
| AUM | $26 billion (2023) |
| Website | www |
American Securities LLC is a private equity firm headquartered in New York City, with an additional office located in Shanghai. The firm concentrates on leading North American companies, generally those generating annual revenues ranging from $200 million to $2 billion or with EBITDA between $50 million and $250 million. Together with its affiliates, it oversees roughly $23 billion in assets under management. Established in 1947 by William Rosenwald, who was the son of Sears CEO Julius Rosenwald, the company has roots tracing back to a longstanding family office tradition.
History
The origins of American Securities date back to 1947 when William Rosenwald founded American Securities Capital Partners, initially making investments in firms such as Ametek and Western Union. In 1993, Michael G. Fisch joined as the financial advisor to the Rosenwald family and assumed the role of CEO in 1994, coinciding with the launch of the company’s inaugural fund open to external investors. By 2012, American Securities had made investments in 39 companies across a wide array of industries including industrial manufacturing, specialty chemicals, aerospace and defense, energy, business services, healthcare, media, restaurant chains, and consumer goods.
In June 2009, the firm adopted the name American Securities LLC. By early 2021, it managed assets totaling $23 billion invested across 67 companies operating in various sectors. Presently, American Securities collaborates with 21 portfolio companies that collectively employ around 110,000 individuals globally.
Affiliates
- Ascribe Capital functions as an affiliate entity of American Securities LLC and manages close to $2 billion in long-term capital. Its investment strategy primarily targets debt instruments and occasionally includes equity stakes in middle-market businesses.
Current investments
As of 2021, the portfolio of American Securities comprises:
- Acuren
- Air Methods
- Amentum
- Aspen Dental
- BELFOR
- Blount International
- Blue Bird
- Conair
- Chromaflo Technologies
- CPM
- Emerald Performance Materials
- FleetPride
- Foundation Building Materials
- Global Tel Link (GTL)
- Henry Company
- Hexion
- Learning Care Group
- Milk Specialties Global
- MW Components
- North American Partners in Anesthesia
- Prince
- r-pac
- Ulterra Drilling Technologies
- United PF
Previous investments
The firm’s former investments include:
- Advanced Drainage Systems
- Anthony International
- Arizona Chemical
- Cambridge International
- Caribbean Restaurants
- Community Pacific Broadcasting
- CTB International
- Delphi Midstream Partners
- Dr. Leonard's Healthcare
- El Pollo Loco
- Fairmount Santrol
- FiberMark
- Frontier Spinning Mills
- General Chemical
- Grede
- GT Technologies
- Healthy Directions
- HHI
- Ketema, Inc.
- Lakeside Energy
- Liberty Tire Recycling
- MECS
- Metaldyne and Metaldyne Performance Group
- Miltex Instrument Company
- Mortgage Contracting Services
- MVE
- NEP Broadcasting
- Oreck Corporation
- PDM Bridge
- Potbelly Sandwich Works
- Presidio
- Press Ganey
- Primary Energy Ventures
- Robertson Fuel Systems
- Royal Adhesives and Sealants
- SeaStar Solutions
- SpecialtyCare
- Tekni-Plex
- TNP Enterprises
- Unifrax Corporation
- Unison Site Management
- United Distribution Group
- VUTEk
- Weasler Engineering
- Westward
Controversies
American Securities holds ownership of Global Tel Link Corporation (GTL), which controlled half of the $1.2 billion market for prison inmate telecommunications in 2015, including the often-debated Inmate Calling Service (ICS). In 2012, inmates were charged as much as $17 for a 15-minute phone call, prompting investigation by the Federal Communications Commission (FCC). Following FCC initiatives to lower ICS expenses, GTL pursued legal action in 2015 to challenge the regulations, underscoring the regulatory uncertainties that affect the company's business operations and financial outcomes.
External links
- Pages with broken file links
- 1994 establishments in New York City
- American companies established in 1994
- Companies based in Manhattan
- Financial services companies based in New York City
- Financial services companies established in 1994
- Midtown Manhattan
- Private equity firms of the United States
- 5
- Companies of the United States by year of establishment