American Securities LLC is an American private equity firm based in New York with an office in Shanghai that invests in market-leading North American companies with annual revenues generally ranging from $200 million to $2 billion and/or $50 million to $250 million of EBITDA. American Securities and its affiliates have approximately $23 billion under management.[1] American Securities traces its roots to a family office founded in 1947 by William Rosenwald, the son of Julius Rosenwald, the longtime owner of Sears, Roebuck and Co.
Company type | Private |
---|---|
Industry | Private Equity |
Founded | 1994 |
Founder | Michael G. Fisch |
Headquarters | 590 Madison Avenue New York City, New York, United States, USA |
Products | Private equity funds, Leveraged buyouts |
AUM | $26 billion (2023) |
Website | www |
William Rosenwald—who had inherited the Rosenwald fortune from his father Julius Rosenwald—founded American Securities Capital Partners in 1947.[2]
In 1993 Michael G. Fisch became the William Rosenwald family's financial advisor.[3]
In 1994—with Fisch as Director and CEO—American Securities opened their first fund to outside investors.[4] By 2012 they had invested in "39 companies in a wide variety of industries, including industrial manufacturing, specialty chemicals, aerospace and defense, energy, business services, healthcare, media, restaurants, and consumer products."[5]
In June 2009, American Securities Capital Partners officially changed its name to American Securities LLC.[6] As of February 2021, American Securities and its affiliates had approximately $23 billion under management. American Securities has invested in 67 companies across a variety of industries. As of February 2021, American Securities is currently partnered with 21 companies that have 109,900 collective employees worldwide.[1]
Investments as of 2021:[8]
Previous investments as of 2021.[9]
American Securities owns Global Tel*Link Corporation (GTL) which in 2015 had a 50% share in the $1.2 billion prison inmate telecommunications services including the controversial Inmate Calling Service (ICS).[10] With prisoners in 2012 paying up to $17 for a 15-minute call, the Federal Communications Commission scrutinized the industry.[11][12][13] In 2015 GTL sought judicial review of the FCC's regulation order aimed at lowering the cost of ICS.[14]