Conshohocken security and facility services company Allied Universal  has agreed to acquire U.S. Security Associates (USSA) from Goldman Sachs Merchant Banking Division for about $1 billion.

Based in Roswell, Georgia, USSA has operations in the U.S. and internationally, with revenues in excess of $1.5 billion and more than 50,000 employees, writes Jeff Blumenthal at bizjournals.com.

Allied said the deal is expected to increase its national presence and customer service capabilities, specifically mentioning Central America, Canada and the U.K.

“This transaction aligns with our long-term growth strategy of acquiring scalable businesses with significant potential when combined with the Allied Universal platform,” Allied Universal CEO Steve Jones said in a statement.

French investment company Wendel, which has a stake in Allied Universal, said the security firm plans to fund the transaction via new debt and up to $200 million of equity from existing shareholders, including up to $80 million from Wendel, increasing its total investment to $380 million.

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