USIS Acquired Labat-Anderson
Providence Equity Partners’ portfolio company bought the consulting and litigation support company for an undisclosed price.
May 20, 2009
USIS, a Providence Equity Partners Inc. portfolio company, acquired consulting and litigation support company Labat-Anderson. Terms of the transaction were not disclosed.
In May 2007, US Investigations Services, a provider of security investigation services to the federal government, was purchased from The Carlyle Group and Welsh, Carson, Anderson & Stowe for about $1.5 billion. Carlyle Group made an investment in USIS in 2000, and Welsh, Carson, Anderson & Stowe invested in the company beginning in 2003.
The investigation services company was previously part of the federal government, and was later established as an employee-owned private company in July 1996. Based in Falls Church, Virginia, USIS plans to establish privately-owned Labat-Anderson as a separate division within its government solutions group. The USIS unit, which includes the investigative services division and the national security division, employs about 6,500.
Labat-Anderson employs 700 and serves government agencies with litigation support and information systems and services.
Debevoise & Plimpton LLP is acting as legal advisor to Providence Equity and USIS for the transaction.
According to Walter Malinowski, Labat-Anderson’s former president, USIS will provide Labat-Anderson “with the resources, scale, and functional support needed to enhance our service and solution offerings while maintaining the excellent service levels that our government customers have come to expect.” Malinowski exited the company upon completion of the transaction.
In January, USIS named Ronald Collins, a principal at Providence Equity, as its director of growth and innovation. Earlier this month, USIS’ chief executive Michael G. Cherkasky was named chair of New York commission on public integrity.
For more information on related topics, visit the following:
