The firm is representing The Blackstone Group in its announced acquisition of AlliedBarton Security Services, a premier provider of highly trained security personnel, for a purchase price of up to $750 million, which includes a maximum potential earn-out payment of $50 million. AlliedBarton’s 50,000 employees and 100 offices service a client base of several thousand, which includes approximately 200 Fortune 500 companies across the country. The transaction was announced on July 25, 2008 and is expected to close in the third quarter of 2008, subject to customary closing conditions.
The Simpson Thacher team includes: Bill Dougherty, Elizabeth Cooper, Mark Bussey and Michael Sabin (M&A); Alden Millard, Alexandra Kaplan and Brian Gluck (Credit); Stephan Feder and Mark de Figueiredo (Capital Markets); Greg Grogan, Nisha Jain and Eric Sarabia (ECEB); Gary Mandel, Sean Austin and Rian Balfour (Tax); Julie Levy, Jacqueline Rosenblum and Andrew Janis (Labor); Jonathan Youngwood and Marcia Griffith (Litigation); Krista McManus and Heesun Kang (Real Estate); Lori Lesser and Marcela Robledo (IP); Adeeb Fadil and Noreen Lavan (Environmental); and summer associates Homin Lee and Kate Rose.