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The Prison Industrial Complex: Mapping Private Sector Players

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APRIL 2018

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About the Corrections Accountability Project
The Corrections Accountability Project (CAP) at the Urban Justice Center is a non-profit criminal justice advocacy organization committed to
eliminating the influence of commercial interests on the criminal legal system and ending the exploitation of those it touches. Our strategy centers
on exposing the harms caused by the commercialization of justice and sharing action tools to challenge its exploitation of vulnerable
communities. We start by using our financial lens to conduct research, collect data, and perform innovative analyses aimed at unmasking the
harms caused by the prison industrial complex. Understanding the mobilizing power of knowledge, we transform our analyses into accessible
and compelling content designed to increase awareness and shift discourse around the commercialization of justice. And finally, we equip and
empower change agents—consumers, investors, public agents, elected officials, influencers, litigators, advocates, and the public—to challenge
those who capitalize on our nation's carceral crisis.

About the Urban Justice Center
The Urban Justice Center is a non-profit incubator and fiscal sponsor for innovative social justice organizations that serve and empower our most
vulnerable and under-resourced communities through direct legal service, systemic advocacy, community education, and political organizing.

Acknowledgements
The Corrections Accountability Project at the Urban Justice Center graciously acknowledges everyone whose time, energy, and passion went into
the development of this report. We specifically thank Luke Noel, Yazmin Baptiste, Grainne Dunne, Emily Rosenzweig, and Ekemini Ekpo for their
research and editing assistance.

© 2018 Corrections Accountability Project. This report may be reproduced in its entirety as long as the Corrections Accountability Project at the Urban Justice Center is
credited and no charge is imposed. The report may not be reproduced in part or in altered form, or if a fee is charged, without the Corrections Accountability Project’s
permission. Please let the Corrections Accountability Project know if you reprint.

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I.

Introduction

1

II.

A Note From The Authors

2

III.

Prison Industrial Complex
A. Sector Summary
B. Case Management
C. Community Corrections
D. Construction & Maintenance
E. Equipment
F. Financial Services
G. Food & Commissary
H. Healthcare
I.
Operations & Management
J.
Personnel
K. Programs & Labor
L.
Telecom
M. Transportation
N. Other

4
5
10
14
28
58
62
71
79
83
87
94
97
101

Methodology

103

IV.

In 1983, CoreCivic received its first contract to operate a correctional facility, marking the birth of the
private prison industry. The following year, The GEO Group also entered the private prison market.
Over the next 35 years, as the U.S. carceral population mounted from roughly 660,000 to more than
2.2 million, the competitors would grow to own and operate roughly 130 correctional facilities with
over 150,000 beds.i By 2017, CoreCivic and The GEO Group were generating combined annual
revenues of $4 billion on the more than 45 million individual nights that people spend incarcerated in
their correctional facilities every year.ii
But CoreCivic and The GEO Group, the most recognized, discussed, and targeted for-profit entities
operating in the prison industrial complex, are far from the only companies that recognized an
opportunity in the prison boom that started in the1970s. In fact, they were not even the first.
Today, more than half of the $80 billion spent on incarceration annually in the U.S. is used to pay the
thousands of vendors that serve the criminal legal system.iii They are healthcare providers, food
suppliers, commissary merchants, and more. Focused on their bottom line and advantaged by an
obscure and often monopolistic environment, the private, for-profit corporations that operate in the
prison industrial complex raise particular concerns for the incarcerated population, vulnerable to
corporate abuse.
This report exposes over 3,100 corporations that profit from the devastating mass incarceration of our
nation’s marginalized communities. It serves as the largest lens into the prison industrial complex ever
published. While this report still far from covers all the private sector companies in this space, it captures
all the major players.1
At the Corrections Accountability Project, our hope is that advocates, litigators, journalists, investors,
and the public will use the report to further understand the expansive nature of the prison industrial
complex and familiarize themselves with its players. This report should serve as a resource in the fight
against the commercialization of our criminal legal system.

1

For more on how we identified the corporations captured in this report, please read our Methodology.

The data captured herein is
available online for download.
The online file includes additional
data not in this report, including
sources for all information and
proof of engagement in the
prison industrial complex.

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All engagement is not created equal, but all engagement is an opportunity for action.
The inclusion of a corporation in this report does not itself signify anything about the corporation’s values
or even perspective with respect to the travesty of our carceral crisis. Due to the vast reach of our
criminal legal system, companies have found themselves unintentionally implicated in the prison
industrial complex without even knowing it. It is for this reason that we chose not to simply publish a list
of names, but rather a rich data set that includes important corporate information and our sources.
The data provided in this report should serve as a launching pad for further exploration. Readers should
engage and analyze the data, but follow up with their own investigations before making decisions
about what approach to take in challenging each corporation’s involvement in the prison industrial
complex.






To activists and organizers, we hope this report will help you identify targets for corporate
campaigns and build power among the public through exposure and education.
To policy advocates , we hope this report will help you pressure elected officials to turn down
political contributions from corporations looking to expand the reach of the criminal legal system.
To litigators, we hope this report will help you identify potential targets for litigation in consumer
and other types of commercial law.
To media, we hope this report will serve as a starting point for your important coverage of the
detrimental impact and expansive grasp of the prison industrial complex and its unique players.
To investors and financial advisors, we hope this report will help you screen your investment
portfolios for exposure to the prison industrial complex and determine what form of economic
activism—shareholder engagement or divestment—is appropriate.

We look forward to seeing your action.
#DecommercializeJustice

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Sub-sectors
Notable Players
Sub-sectors
Notable Players

Case Management
Community Corrections
 Arrest & Probation Systems  Day Reporting Center
 Corrections Systems
 Electronic Monitoring
 Medical Records Systems  Outpatient Programs
 Residential Programs















ATIMS
Conduent
Constellation Software
Databank IMX
Equivant
Hexagon Safety
Tribridge
Tyler Technologies



















Healthcare
Operations & Management
Personnel
Programs & Labor
Telecom
Ambulance Services
 Immigration Detention
 Staff Management System  Education Services,
 Prisoner Communications
Operator
Materials, & Technology
Medical Equipment
 Staff Training
 Tablets
 Private Prison Operator
 Rehab Programming
Medical Healthcare
 Third Party Staffing
 Telecom Surveillance &
 Procurement, Contracting,
 Vocation/Industries (Prison
Security
Mental Healthcare
& Other Admin Services
Labor)
Medical Systems
Pharmacy
Substance Abuse Treatment
Third Party Staffing

Transportation
 Agency Transportation
 Prisoner Transportation
 Visitor Transportation










Armor Correctional Health  Akima Global Services
Centene/MHM
 CoreCivic
CMGC
 Emerald Correctional
Corizon
 G4S
Correct Care
 GEO Group, The
Correct Rx
 LaSalle Southwest
NaphCare
 MTC
Wexford
 Sodexo



















Attenti
Avalon
BI
CoreCivic
GEO Care
Numerex
SCRAM Systems
SoberLink










Construction & Maintenance
Architecture & Engineering
Construction
Maintenance Services
Utility/Energy

AECOM
CGL Companies
GEO Design
HOK
Johnson Controls
Kane Detention
NORESCO
Turner Construction

Akima Global Services
CorrectionsOne
Defense Technology
G4S
InTime
MHS Assessments
Securitas
VCS Employee Scheduling






Equipment
Furnishings & Supplies
IT & Communications
Security Equipment
Security Technology

Financial Services
 Agency Payment
Processing
 Construction, Equipment, &
Acquisition Financing
 Corporate Investor
 Prisoner Money Transfer
 Prisoner Money & Release
Cards










Berkshire Hathaway
Bob Barker
Hewlett Packard
Ingersoll Rand
Safariland
Stanley Black & Decker
Vista Outdoors
VF Corp



















3M
Dauphin
Corrective Education Co
Houghton Mifflin Harcourt
JobView
Milliken & Co
MTC
Pearson/Certiport










Bank of America
General Electric
JPay
NIC
TouchPay
US Bancorp
Western Union
WEX

CenturyLink
Global Tel Link (GTL)
JPay
Legacy Inmate
Pay Tel
Securus
Telmate
Unisys







Food & Commissary
Care Packages
Commissary
Kitchen Equipment
Prisoner Food
Vending Machines










ALI Group
Aramark
Compass Group, The
Elior Group
Keefe Group
Trinity Services
Union Supply
Sodexo

G4S
GEO Transport
Greyhound
Motor Coach Industries
PTS of America
Streit Group
TransCor America
Valley Metro Security

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Tier 1a – Publicly Traded – Targeted Correctional Exposure
Corporate Snapshot
HQ
Location
France
IA

Number of
Employees
2,509

NJ

90,000

2016

Canada
MD

13,000
850

1995
1991

DXC Technology
GE Healthcare

VA
IL

60,000
52,000

1959
1994

Harris Computer

Canada

Hexagon Safety Infrastructure

Sweden

Corporate Name
Business & Decision
Caliber Public Safety/Caliber Justice

Conduent (formerly Xerox Services)
Constellation Software
DataBank IMX

IntegenX

Kyocera Group

Year
Founded
1992
1975

1976
17,000

CA

Year Last
Acquired
2015

2017

1996

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Industry Sub-Sector
Corrections Systems
Corrections Systems

Last Reported Yr

Last Reported Yr

$128.8

$5.7

$6,022.0

$588.0

$2,479.4
$99.2

$2,333.2

$7,607.0
$19,116.0

$555.0

General Electric

Arrest, Court, & Probation
Systems
Corrections Systems
Arrest, Court, & Probation
Systems
Corrections Systems
Medical Records Systems

Constellation Software

Corrections Systems

Parent Company
Constellation
Software/Harris Computer

Kyocera Group

2015

2003

Japan

70,153

1959

Sweden

121

1984

Motorola Solutions
Spillman Technologies

IL
UT

14,000
300

1928
1983

TransUnion

IL

5,100

1992

Tribridge
Tyler Technologies

FL
TX

740
4,069

1998
1966

Micro Systemation Ab (dba MSAB)

Corproate Structure

Owner/Major Investor

Business Sector

Arrest, Court, & Probation
Systems
2018

2016

2017

Thermo Fisher Scientific

Motorola Solutions

DXC Technology

PIC Revenue
Only (Y/N)
Notes
N
Financials converted from EUR
Y
Acquired by Constellation
Software/Harris Computer in 2015 as
InterAct and rebranded
N
Spin off from Xerox in 2016; Adjusted
EBITDA
N
Adjusted EBITDA
N
Acquired by Kyocera in 2017
N
N

N

Created as specialty subsidiary; Partners
with Fusion
Acquired by Constellation Software in
1996
Operates using Hexagon Safety and
Infrastructure (formerly Intergraph Security)
division; Financials converted from EUR
DNA technolgoy, human identification;
Acquired by Thermo Fisher Scientific in
2018
Financials converted from JPY
Financials converted from SEK

N
$4,267.2

$1,364.1

Arrest, Court, & Probation
Systems

N

Y

Arrest, Court, & Probation
Systems
Arrest, Court, & Probation
Systems
Corrections Systems
Corrections Systems

$13,373.9

Arrest, Court, & Probation
Systems
Corrections Systems
Arrest, Court, & Probation
Systems

$29.7

$7.3

N

$6,038.0
$180.0

$1,362.0

N
N

$1,933.8

$702.7

N

$140.0
$840.7

$214.9

N
N

Acquired by Motorola Solutions in 2016
for $217 M; Operates in 43 states with
1,900 agencies

Acquired by DXC Technology in 2017

Tier 1a - Publicly Traded - Targeted Correctional Exposure:
Corporations that are publicly traded on any international
stock market and have a business segment targeting the
prison industrial complex in its business model or through
marketing, advertising, or sponsorship

| 5

Tier 1b – Publicly Traded – Other
No applicable entities

Tier 2 – Private Equity-Owned
Corporate Snapshot

Corporate Name
Advanced Technologies Group

HQ
Location
IA

Corproate Structure

Number of
Employees
64

Year
Founded
1991

Year Last
Acquired
2012
2013
2016
2016

Parent Company
TKC Holdings/Keefe
Group
Securus Technologies

Owner/Major Investor
HIG Capital

Industry Sub-Sector
Corrections Systems

Platinum Equity
Spotlight Equity
Falfurrias Capital Partners

Corrections Systems
Corrections Systems
Corrections Systems
Arrest, Court, & Probation
Systems
Corrections Systems
Corrections Systems

Archonix Systems
cFive (formerly Capita Technologies)
Marquis Software Solutions

NJ
CA
TX

50

2003
1999
1986

MicroPact

VA

600

1997

2014

Enlightenment Capital

Canada
CA

720

1980
1991

2010
2014

Sverica
Insight Venture Partners

Syscon Justice Systems
TriTech Software Systems

Business Sector
Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

PIC Revenue
Only (Y/N)
Notes
Y
Acquired by Keefe Group in 2012

$41.8

Y
Y
Y

$100.0

N

$71.3

Y
N

Acquired by Securus in 2013
Acquired by Spotlight Equity in 2016
Acquired by Falfurrias in 2016; 2015
financials
Acquired by Enlightenment Capital in
2014
Acquired by Sverica in 2010
Recapitalized by Insight Venture Partners
in 2014; 2015 financials

Tier 3 – Large Privately-Owned
Corporate Snapshot

Corporate Name
Abilis Solutions
ActOne Group
Advanced Technology Information
Management Systems (ATIMS)
CareWorks Managed Care Service
eClinicalWorks
ESRI
Public Consulting Group
Statistical Analysis System (SAS)

HQ
Location
Canada
CA
CA

Number of
Employees
1,800

Year
Founded
1996
1978
1999

TN
MA
CA

4,716

1985
1999
1969

MA
NC

2,000
14,179

1986
1976

Corproate Structure
Year Last
Acquired

Parent Company

ActOne Group

Owner/Major Investor

Business Sector

Industry Sub-Sector
Corrections Systems
Corrections Systems
Corrections Systems
Medical Records Systems
Medical Records Systems
Arrest, Court, & Probation
Systems
Corrections Systems
Corrections Systems

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

$2,400.0

PIC Revenue
Only (Y/N)
Notes
N
N
Y
Acquisition history unknown

$444.2
$1,100.0

N
N
N

$303.1
$3,240.0

N
N

| 6

Tier 4 – Small Privately-Owned
Corporate Snapshot
HQ
Location
NJ
AL

Number of
Employees
200

Year
Founded
1977

Appriss (formerly Vine)

KY

720

1994

Blackcreek Integrated Systems
CBORD
CloudGavel

AL
NY
LA

CNT Infotech
Cody Systems

NJ
PA

Connectrex (formerly Loryx Systems)

CA

2001

Canada
AL
TX

1996

Corporate Name
Advanced Data Systems
ALEN

Coris
Corrections Partners
Corrections Software Solutions

20

KY

2009

Courtview Justice Solutions

OH

1991

CrimeCenter Software

NJ

Dapro Systems

VA

Darlogix
Document Storage Systems (DSS Inc)
Dynamic Imaging Systems
Equivant

NY
FL
NJ
OH

1996

680

1995
1991
1993
2017

Canada

2006

Forensic Logic

CA

2003

Fusion
FusionStak

NJ
LA

2006
2015

Global Justice Solutions
Guardian RFID
I2 Security Solutions

VA
MN
PA

2001
1981

ID Networks
ImageSoft

OH
MI

105

Denmark
IL
NY

FusionStak

Abilis Solutions

1994

Corrisoft

InRule Technology
iSafe Technologies

Parent Company

2000
1979

CO

Innovative Business Software

Year Last
Acquired

1978
1975
2016

CorrectTech

eSolve Solutions

Corproate Structure

1984
1996
1982

31

2002
2001

2017

2015

Equivant

ID Networks

Owner/Major Investor

Business Sector

Industry Sub-Sector
Medical Records Systems
Arrest, Court, & Probation
Systems
Arrest, Court, & Probation
Systems
Corrections Systems
Corrections Systems
Arrest, Court, & Probation
Systems
Corrections Systems
Arrest, Court, & Probation
Systems
Arrest, Court, & Probation
Systems
Corrections Systems
Corrections Systems
Arrest, Court, & Probation
Systems
Arrest, Court, & Probation
Systems
Arrest, Court, & Probation
Systems
Arrest, Court, & Probation
Systems
Arrest, Court, & Probation
Systems
Arrest, Court, & Probation
Systems
Medical Records Systems
Medical Records Systems
Corrections Systems
Corrections Systems

Arrest, Court, & Probation
Systems
Arrest, Court, & Probation
Systems
Medical Records Systems
Arrest, Court, & Probation
Systems
Corrections Systems
Corrections Systems
Arrest, Court, & Probation
Systems
Corrections Systems
Arrest, Court, & Probation
Systems
Arrest, Court, & Probation
Systems
Corrections Systems
Arrest, Court, & Probation
Systems

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

$50.0

$122.2

PIC Revenue
Only (Y/N)
N
N
N
Y
N
Y

$8.5

Notes

Product brand - warrant system

N
Y
Y
Y
Y
Y

Product brand

Y
Y
Y

Merged with Constellation Justice Sytems
and Northpointe in 2017 to form
Equivant

Y
Y

$91.9

Y
N
Y
Y

Acquired by ID Networks in 2015

Rebranding of CourtView Justice Solutions,
Constellation Justice Systems, and
Northpointe

Y
Y
Y
N

Partners with GE Healthcare

Y
Y
N

$22.9

Y
N
N

$11.3

N
N

2015 financials

| 7

Corporate Snapshot

Corporate Name
Journal Technologies

HQ
Location
CA

Number of
Employees

Year
Founded

Justice Systems

AZ

1982

Leads Online

TX

2000

Legal Edge

PA

2009

Logistic Systems (LogiSYS)

MT

1988

LSG Solutions
Magnet Forensics

OK
VA

2004
2011

Mark43

NY

Mass Group
Matrix Pointe Software

CA
OH

MedExcel
Montgomery Technology InCorp (MTI)
Numerica

NY
AL
CO

590
46

1984
1987
1996

Optimum Technology

OH

32

1994

PowerDMS
Probatum Technologies

FL
OH

81

2001
1999

ProPhoenix
Prosecutor by Karpel

NJ
MO

110

2004
1985

Pulsiam

CA

1989

RKV Technologies
RLTCorp Software Development
Rock Solid Technologies

MO
FL
PR

2003
1997
1994

Sage Health Management Solutions (Sage
HMS)
Sapphire Health
Sierra-Cedar
SMART
Social Solutions
Solution Specialties
Southern Software
Stellar Services
Superion (formerly SunGard Public Sector)
SyMed

MN

Tantus Solutions Group
Tetrus
Tracktech

GA
RI
MD
IL
NC
WI
FL
CA

100

Year Last
Acquired

Parent Company

2012

2009

140

1997
2010
1995
2000

140

1988
2001
1981

Canada
NJ

2001
2003
2016

TurboCourt

CA

1995

UNIT Innovations (dba Golden Eagle Law
Enforcement)
Versaterm Corporation
Vigilant Solutions

TX
AZ
CA

Corproate Structure

1977
80

2007

DSS

Owner/Major Investor

Business Sector

Industry Sub-Sector
Arrest, Court, & Probation
Systems
Arrest, Court, & Probation
Systems
Arrest, Court, & Probation
Systems
Arrest, Court, & Probation
Systems
Arrest, Court, & Probation
Systems
Corrections Systems
Arrest, Court, & Probation
Systems
Arrest, Court, & Probation
Systems
Corrections Systems
Arrest, Court, & Probation
Systems
Medical Records Systems
Corrections Systems
Arrest, Court, & Probation
Systems
Arrest, Court, & Probation
Systems
Corrections Systems
Arrest, Court, & Probation
Systems
Corrections Systems
Arrest, Court, & Probation
Systems
Arrest, Court, & Probation
Systems
Corrections Systems
Corrections Systems
Arrest, Court, & Probation
Systems
Medical Records Systems

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

PIC Revenue
Only (Y/N)
Y
Y
Y
Y

$230.6

Legal case management for attorneys

Y
N
Y

$15.0

N
N
Y

$90.0
$16.3

N
Y
N

$10.0

N

$10.6

N
Y

$26.4

N
Y

2015 financials

N

$15.9

N
N
N
N

Medical Records Systems
Corrections Systems
Medical Records Systems
Corrections Systems
Corrections Systems
Corrections Systems
Corrections Systems
Corrections Systems
Medical Records Systems

N
N
N
N
Y
N
Y
N
N

Corrections Systems
Corrections Systems
Arrest, Court, & Probation
Systems
Arrest, Court, & Probation
Systems
Corrections Systems

N
Y
Y

Corrections Systems
Arrest, Court, & Probation
Systems

Notes

Acquired by DSS in 2007

Also engages in Rehabilitative Services Vocation/Industries (Prison Labor)

Y
Y

$13.9

N
Y

2015 financials

| 8

Corporate Snapshot
HQ
Location
LA

Number of
Employees

Year
Founded
1999

Wellcomp Managed Care Services

TN

350

1985

xFact

MA

21

2000

Corporate Name
Watch Systems

Corproate Structure
Year Last
Acquired

Parent Company

CareWorks Managed
Care Service

Owner/Major Investor

Business Sector
Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Corrections Systems
Arrest, Court, & Probation
Systems
Medical Records Systems

Last Reported Yr

Last Reported Yr

Corrections Systems

$7.5

PIC Revenue
Only (Y/N)
Y
N

N

Notes

Absorbed by sister company and currently
rebranding under shared name
CareWorks
Also engages in Rehabilitative Services Vocation/Industries (Prison Labor)

| 9

Tier 1a – Publicly Traded – Targeted Correctional Exposure
Corporate Snapshot

Corproate Structure

HQ
Location
PA

Number of
Employees

Year
Founded
1973

Year Last
Acquired
2010

Acadia Healthcare
Aspen Education Group

TN
CA

40,600

2005
1997

2015

Atlantic Shores Healthcare
Avalon Correctional Services

FL
OK

1997
1985

BI

CO

Correctional Alternatives
Correctional Management

Corporate Name
Abraxas Youth & Family Services

Correctional Services Corp (formerly Esmor
Correctional Services)
CRC Healthcare

Parent Company
GEO Group, The

Owner/Major Investor

Business Sector
Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Industry Sub-Sector
Residential Programs

Last Reported Yr

Last Reported Yr

$379.8

PIC Revenue
Only (Y/N)
Notes
Y
Acquired by GEO as part of Cornell
Companies in 2010
N
N
Acquired by CRC in 2006 for $280 M;
Acquired by Acadia as part of CRC
Healthcare in 2015 for $1.18 B
Y
Renamed GEO Care in 2005
Y
Acquired by CoreCivic in 2015 for
$157.5 M
Y
Acquired by GEO for $415 M; In 50
states, EM for 123k people, case
management for 43.5k
Y
Acquired by CoreCivic in 2013 for $36
M
Y
Acquired by CoreCivic in 2016 for $35
M
Y
Acquired by GEO in 2005 for $62 M

Residential Programs
Residential Programs

$2,877.2
$150.0

2005
2015

CRC Health
Corporation/Acadia
Healthcare
GEO Group, The
CoreCivic

Day Reporting Center
Residential Programs

$45.1

1978

2011

GEO Group, The

Day Reporting Center

$115.0

CA

1987

2013

CoreCivic

Residential Programs

CO

1984

2016

CoreCivic

Residential Programs

FL

1987

2005

GEO Group, The

Residential Programs

2014

Acadia Healthcare

Residential Programs

$450.0

$115.0

N

CoreCivic

Residential Programs
Electronic Monitoring
Day Reporting Center

$3,856.0
$497.9

$732.0

Y
N
Y

Day Reporting Center

$2,263.4

$389.1

Y

$70.6

$2.3

N

CA

6,270

1995

EP Horizon Management
Gemalto
GEO Care (formerly Atlantic Shores
Healthcare)
GEO Group, The (formerly Wackenhut
Corrections)
Numerex

OK
Netherlands
FL

15,000

2009
2006
1997

FL

18,512

1984

GA

157

1992

2017

Sierra Wireless

Electronic Monitoring

Pathways (formerly Providence Human
Services)

VA

5,000

1997

2015

Molina Healthcare

Outpatient Programs

N

Professional Probation Services

GA

1992

1997

Universal Health Services

Probation, Parole, & Other
Supervision
Electronic Monitoring
Electronic Monitoring
Electronic Monitoring
Probation, Parole, & Other
Supervision

Y

Serco
SuperCom
Track Group
Universal Health Services

United Kingdom
Israel
IL
PA

50,000
246
154
76,600

1929
1988
1995
1979

GEO Group, The

$4,194.1
$20.0
$29.7
$11,278.9

($8.6)
($0.4)
$1,728.1

Acquired by Acadia as part of CRC
Healthcare in 2015 for $1.18 B; 2014
financials
Created as specialty subsidiary
Financials converted from EUR
Created as specialty subsidiary and
rebranded in 2005

Acquired by Sierra Wireless in 2017;
Adjusted EBITDA
Acquired by Molina Healthcare in 2015
as Providence Human Services along with
Providence Community Services for $200
M
Acquired by Universal Health Services in
1997
Financials converted from GBP

N
Y
N

Tier 1b – Publicly Traded – Other
No applicable entities
| 10

Tier 2 – Private Equity-Owned
Corporate Snapshot

Corproate Structure

HQ
Location
Israel

Number of
Employees
265

Year
Founded
1990

Year Last
Acquired
2017

Parent Company

Judicial Correction Services

GA

450

2001

2012

Correct Care Solutions

Sequel Youth & Family Services

AL

1999

2017

Corporate Name
Attenti (formerly 3M Electronic Monitoring)

Business Sector
Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Owner/Major Investor
Apax Partners

Industry Sub-Sector
Electronic Monitoring

Last Reported Yr

GTCR/Audax/Frazier
Healthcare

Probation, Parole, & Other
Supervision

$37.8

Altamont Capital Partners

Residential Programs

$246.1

$39.7

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

$95.0

PIC Revenue
Only (Y/N)
Notes
Y
Acquired by Apax for $200 M; Renamed
from prior to 3M acquisition; Revenue
down from $100M in 2010 when
acquired company for $230M
Y
Acquired by Correct Care Solutions as
part of Correctional Healthcare
Companies in 2012 for $59 M
N
Acquired by Altamont in 2017

Tier 3 – Large Privately-Owned
No applicable entities

Tier 4 – Small Privately-Owned
Corporate Snapshot

Corporate Name
Abode Treatment
Acivilate

HQ
Location
TX
GA

Number of
Employees

Year
Founded
1994
2014

Alternative Sentencing Solutions
Ankle Monitoring
Anytrax (formerly Robocuff)
Arms Acres
Avertest (dba AverHealth)

OK
GA
GA
NY
VA

2011
1992
2001
1982

Bannum
BGR Services
BHSB Holdings

FL
NY
FL

buddi
Cam Systems
CDS Monitoring

UK

Cheyenne Center
Commonwealth Mediation Service

TX
KY

1996
2007

Community Probation Services

TN

1999

Community Services of Missouri

MO

110

2,000

2017

2005
2006

KY

Corproate Structure
Year Last
Acquired

Parent Company

Owner/Major Investor

Business Sector

Industry Sub-Sector
Residential Programs
Probation, Parole, & Other
Supervision
Electronic Monitoring
Electronic Monitoring
Electronic Monitoring
Outpatient Programs
Probation, Parole, & Other
Supervision
Residential Programs
Outpatient Programs
Residential Programs

Electronic Monitoring
Electronic Monitoring
Probation, Parole, & Other
Supervision
Residential Programs
Probation, Parole, & Other
Supervision
Probation, Parole, & Other
Supervision
Probation, Parole, & Other
Supervision

$28.0

PIC Revenue
Only (Y/N)
N
Y

Notes

Y
Y
Y
N
Y
Y
N
Y

Holding company for TrueCore
Behavorial Solutions, which operates
youth facilities

N
Y
Y
N
Y
Y
Y

| 11

Corporate Snapshot

Corporate Name
Community Transition
Connectrex (formerly Loryx Systems)
Correctional Services (dba Tennessee
Correctional Services)
Court Probationary Services

HQ
Location
OH
CA
TN

Number of
Employees

Year
Founded
2001

MO

CSRA Probation Services

GA

1997

Cydkam Center
Diversified Monitoring & Recovery
Eastern Missouri Alternative Sentencing
Services
Florida Probataion Service

MO
CA
MO

2006
2002
1991

FL

2011

Switzerland
NY
CA
FL
MI
IL

2011
2001
2007
1999
1986
1992

Geosatis Technology
Global Security Group
GPS Monitoring Solutions
Horizon Communities in Prison
House Arrest Services
Intoxalock (formerly Consumer Safety
Technologies)
Keeton Corrections
Kentucky Alternative Programs

FL
KY

200
100

1982

Keystone Correctional Services
Leimac Contracting
Midwest Monitoring & Surveillance
Non-Secure Programs
Northwest Home Monitoring
Offender Management Services
Oklahoma Court Services

PA
KY
MN
FL
WA
SC
OK

Outreach Consulting & Counseling Services

MO

Panhandle Forensic Nurse Specialist
Pathways Renewed
Private Correctional Services

FL
NY
MO

2007

Private Probation Service

MO

2003

Private Probation Service TBN

MO

2006

Probation Services Incorporated

TN

Probation Works Inc (PWI)

TN

2011
1995

1992

Promise Networks

2017

Providence Community Corrections

TN

1972

PSI Probation

TN

1991

Psychological Management Group
QSA Services
Reliant Monitoring Services
Rite of Passage
Scram Systems
Sentinel Offender Services
Smart Start

FL
NY
NC
NV
CO
CA
TX

145

2003
1993
1993

Corproate Structure
Year Last
Acquired

Parent Company

Owner/Major Investor

Business Sector

Industry Sub-Sector
Residential Programs
Electronic Monitoring
Probation, Parole, & Other
Supervision
Probation, Parole, & Other
Supervision
Probation, Parole, & Other
Supervision
Residential Programs
Electronic Monitoring
Probation, Parole, & Other
Supervision
Probation, Parole, & Other
Supervision
Electronic Monitoring
Electronic Monitoring
Electronic Monitoring
Residential Programs
Electronic Monitoring
Electronic Monitoring
Residential Programs
Probation, Parole, & Other
Supervision
Residential Programs
Electronic Monitoring
Electronic Monitoring
Outpatient Programs
Electronic Monitoring
Electronic Monitoring
Probation, Parole, & Other
Supervision
Probation, Parole, & Other
Supervision
Other
Outpatient Programs
Probation, Parole, & Other
Supervision
Probation, Parole, & Other
Supervision
Probation, Parole, & Other
Supervision
Probation, Parole, & Other
Supervision
Probation, Parole, & Other
Supervision
Probation, Parole, & Other
Supervision
Probation, Parole, & Other
Supervision
Probation, Parole, & Other
Supervision
Outpatient Programs
Outpatient Programs
Electronic Monitoring
Residential Programs
Electronic Monitoring
Electronic Monitoring
Electronic Monitoring

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

PIC Revenue
Only (Y/N)
N
Y
Y

Notes

Y
Y
N
Y
Y
Y
Y
N
Y
Y
Y
N

$13.0

Y
Y
Y
Y
Y
Y
Y
Y
Y
Y
N
N
Y
Y
Y
Y
Y
Y
Y
Y

$56.0

N
N
Y
N
Y
Y
Y

2015 financials

| 12

Corporate Snapshot

Corporate Name
Soberlink

Southern Kentucky Monitoring Services

HQ
Location
CA

Number of
Employees
50

Year
Founded
2009

KY

2016

Southern Missouri Judicial Services

MO

2008

Supervised Probation Services

MO

1993

Supervsion Services

GA

1995

Tarheel Monitoring
Timeout Community Counseling &
Correctional Services
Tracktech

NC
KY

2004

Tri-Center
Triton Group
TrueCore Behavorial Solutions (formerly G4S
Youth Services)

NY
WA
FL

Corproate Structure
Year Last
Acquired
2015

Parent Company

2016

Turning Point, The
Vigilnet
Village South
Western Judicial Services

TX
PA
FL
FL

You Turn Court Monitoring Service

KY

2,000

1999

1995
2006
1989

2017

BHSB Holdings (holding
co)

Owner/Major Investor

Business Sector

Industry Sub-Sector
Electronic Monitoring

Probation, Parole, & Other
Supervision
Probation, Parole, & Other
Supervision
Probation, Parole, & Other
Supervision
Probation, Parole, & Other
Supervision
Electronic Monitoring
Probation, Parole, & Other
Supervision
Probation, Parole, & Other
Supervision
Outpatient Programs
Electronic Monitoring
Residential Programs

Residential Programs
Electronic Monitoring
Outpatient Programs
Probation, Parole, & Other
Supervision
Probation, Parole, & Other
Supervision

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

$13.5

PIC Revenue
Only (Y/N)
Notes
Y
BI/GEO acquired Soberlink's criminal
justice business in 2015, leaving
Soberlink's addiction business (Inc to LLC)
Y
Y
Y
Y
Y
Y
Y

$5.6

N
Y
Y

Acquired as G$S Youth Services by BHSB
in 2017 for $56.5 M and name
changed; Operates youth facilities

N
Y
N
Y
Y

| 13

Tier 1a – Publicly Traded – Targeted Correctional Exposure
Corporate Snapshot

Corporate Name
AECOM
Allete
Argyle Percision (formerly Peterson Detention
Inc (PDI))

HQ
Location
CA

Number of
Employees
87,000

MN
CA

2,017

Year
Founded
1980

Corproate Structure
Year Last
Acquired

2008

Argyle Security

Colas Group
Colas Group/Barrett
Industries
Allete/US Water

Barrett Industries
Barrett Paving Materials

NJ
NJ

1854
1854

1979

ChemCal

TX

1985

2014

Colas Group
Emcor
Energy Systems Group

France
CT
IN

Parent Company

1929

Fiber SenSys

OR

1990

GEO Design Services (formerly Design
Services)
Gowan
HD Supply
Hochtief
Home Depot, The
Interline Brands (dba Supply Works)

FL

1998

2010

Industry Sub-Sector
Architecture &
Engineerging
Maintenance Services
Construction

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

$18,203.4

$932.5

$1,419.3

$407.3

PIC Revenue
Only (Y/N)
N
N
Y

Construction
Maintenance Services

N
N

Maintenance Services

N

Vectren

Construction
Construction
Utility/Energy

$14,397.2
$7,687.0
$282.0

OPTEX

Construction

$4,870.0

N

GEO Group, The

Construction

$113.2

Y

Emcor

$5,121.0
$27,834.9
$100,904.0
$2,000.0

$705.0
$1,644.6
$16,743.0

Home Depot, The

Construction
Maintenance Services
Construction
Maintenance Services
Maintenance Services

$10,022.8

$514.8

N

$30,172.0
$62.9

$4,242.0

N
N

32,000
1994

Owner/Major Investor

Business Sector

$419.1

N
N
N

TX
GA
Germany
GA
FL

11,000
54,236
413,000

Jacobs Engineering Group

TX

54,700

1947

Johnson Controls
JWC Environmental

WI
CA

121,000

1885
1973

2018

Sulzer

Architecture &
Engineerging
Construction
Maintenance Services

MidAmerican Energy Services

IA

1999

2014

Berkshire Hathaway

Utility/Energy

N

MA

1984

2008

United Technologies

Construction

N
$356.3

$3,201.5
$10,000.0

NORESCO
OPTEX
Palram Industries
SI Technologies
Sulzer
Turner Construction

Japan
Israel
CA

1,807

1974
1875
1978
1978

2015

N
N
N
N
N

213

1979
1963
1979

2004

Vishay Intertechnology

Construction
Construction
Maintenance Services

Switzerland
NY

15,000
5,200

1834
1904

1999

Hochtief

Maintenance Services
Construction

FL

10,000

2012

2016

Johnson Controls

Maintenance Services

N

2001

2016

Johnson Controls

Maintenance Services

N

1934
1951

2014

AECOM

Construction
Architecture &
Engineerging

Tyco Integrated Systems (formerly ADT
Business Solutions)
Tyco SimplexGrinnell

MA

United Technologies
URS Corp

CT
CA

205,000
50,000

N
N
N

$36.2

$59,837.0
$10,990.7

$291.3

$10,812.0
$855.0

N
N

N
N

Notes

Acquired by Argyle Security in 2008 as
part of three company acquisition for $14
M
Acquired by Colas in 1979
Created as specialty subsidiary
Acquired by US Water Services in 2014
for $125 M; Acquired 87% by Allete in
2015 as part of US Water Services for
$168 M
Financials converted from EUR
Acquisition history unknown; 2015
financials
Acquired by OPTEX in 2010; 2009
financials prior to acquisition
Created as specialty subsidiary
Acquisition history unknown
Financials converted from EUR
Acquired by The Home Depot in 2015 for
$1.63 B
Parent of CH2M Hill

Acquired by Sulzer in 2018 for $215 M;
2015 financials prior to acquisition
Acquired by Berkshire Hathaway in 2014
Acquired by Carrier/United Technologies
in 2008
Financials converted from JPY
Acquired by Vishay in 2004 for $17.65
M; 2004 financials prior to acquisition
Financials converted from CHF
Acquired by Hochtief in 1999 for $370
M
Acquired by Johnson Controls as part of
Tyco in 2016 for $3.9 B
Acquired by Johnson Controls as part of
Tyco in 2016 for $3.9 B
Acquired by AECOM in 2014 for $6 B;
2014 financials prior to acquisition

| 14

Corporate Snapshot

Corporate Name
US Water Service (dba US Water)
Vectren
Verint
Vishay Intertechnology

HQ
Location
MN

Number of
Employees

Year
Founded
1997

IN
NY
PA

5,500
5,100
23,000

2000
1994
1962

Corproate Structure
Year Last
Acquired
2015

Parent Company
Allete

Owner/Major Investor

Business Sector
Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Industry Sub-Sector
Maintenance Services

Last Reported Yr

Last Reported Yr

Utility/Energy
Maintenance Services
Maintenance Services

$2,657.3
$1,062.1
$2,603.5

$594.6
$142.3
$486.0

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Industry Sub-Sector
Maintenance Services
Maintenance Services

Last Reported Yr

Last Reported Yr

$25,029.3
$5,313.8

$6,324.7
$933.5

Utility/Energy
Utility/Energy

$15.0
$809.5

($20.9)
$465.7

Utility/Energy
Utility/Energy

$2,759.7
$5,963.0

$1,317.4
$1,870.0

PIC Revenue
Only (Y/N)
Notes
N
Acquired 87% by Allete in 2015 as part
of US Water Services for $168 M
N
N
N
Adjusted EBITDA

Tier 1b – Publicly Traded – Other
Corporate Snapshot

Corproate Structure

Business Sector

HQ
Location
France
PA

Number of
Employees

Year
Founded

Year Last
Acquired

Parent Company

18,000

1982

2016

Air Liquide

American Electric Power
Aqua America

OH
PA

17,666
1,530

1906
1886

Atmos Energy
Avangrid

TX
NY

4,565
6,000

1906
1997

Japan

197,673

1937

Maintenance Services

$31,974.0

$4,502.2

N

Casella Waste Management
CenterPoint Energy
Central Hudson Gas & Electric

VT
TX
NY

2,000
7,977
992

1975
2002
1925

2012

Fortis

Maintenance Services
Utility/Energy
Utility/Energy

$599.3
$9,614.0
$671.5

$52.2
$2,132.0
$162.2

N
N
N

Champion Energy Services

TX

2005

2018

Calpine

ChemTreat

VA

1968

2007

Danaher

Maintenance Services

Cogenex

MA

250

1983

2005

Constellation
Energy/Exelon

Utility/Energy

NY
MD
Ireland

14,960

2011

Exelon

85,363

1823
1999
1970

Cummins

IN

58,600

1919

Danaher
Direct Energy

DC
TX

67,000
6,200

1969
1986

Duke Energy
Emera
Enbridge

NC
Canada
Canada

29,060
7,531
12,700

1904
2003
1949

Corporate Name
Air Liquide
Airgas

Canon

Consolidated Edison (dba ConEd)
Constellation Energy
CRH

Owner/Major Investor

Iberdrola

2000

Centrica

Energy Capital
Partners/Access
Industries/CPPIB

Utility/Energy

PIC Revenue
Only (Y/N)
Notes
N
Financials converted from EUR
N
Acquired by Air Liquide in 2015 for
$10.3 B
N
N
Operates using various local subsidiaries,
including Aqua Ohio
N
N
Formerly Iberdrola USA; named changed
when merged with UIL Holdings; Iberdrola
owns majority stake; Adjusted EBTIDA

N

$200.0

N
N

Utility/Energy
Utility/Energy
Construction

$12,075.0

$12,851.0

$31,020.6

$3,964.3

N
N
N

Maintenance Services

$20,428.0

$2,948.0

N

Maintenance Services
Utility/Energy

$18,329.7
$14,000.0

$4,250.5

N
N

Utility/Energy
Utility/Energy
Utility/Energy

$23,565.0
$4,794.0
$34,171.1

$9,827.0
$1,767.2
$2,436.7

N
N
N

Operates using various specialty and
local subsidiaries, including Canon
Solutions America; Financials converted
from JPY

Acquired by Fortis as part of CH Energy
for $1.5 B
Acquired as part of Calpine by
consortium led by Energy Capital Partners
in 2018 for $5.6 B
Acquired by Danaher in 2008 for $425
M; 2007 financials prior to acquisition
Acquired by Constellation Energy Group
in 2005 for $35 M
Acquired by Exelon in 2011 for $7.9 B
Operates using local and specilty
subsidiaries, including Oldcastle Precast;
Financials converted from EUR
Operates using various local subsidiaries,
including Cummins Southern Plains

Acquired by Centrica as part of Direct
Energy in 2000 for $912 M

Operates using various local subsidiaries,
including St. Lawrence Gas; Financials
converted from CAD

| 15

Corporate Snapshot

Corproate Structure

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Industry Sub-Sector
Utility/Energy

Last Reported Yr

Last Reported Yr

Utility/Energy
Utility/Energy
Utility/Energy
Maintenance Services
Maintenance Services

$29,054.0
$11,074.5
$33,531.0
$21,313.6
$15,000.0

$4,731.0
$3,267.2
$9,687.0
$1,678.6

Utility/Energy
Utility/Energy
Utility/Energy
Utility/Energy

$14,017.0
$11,972.0
$6,391.8
$8,239.6

$1,872.0
$5,616.0
$2,930.6
($40.3)

HQ
Location
TX

Number of
Employees
8,500

Year
Founded
1882

TX
LA
IL
Switzerland
VA

8,494
13,504
34,621
33,511
24,000

2017
1913
1999
1887
1953

First Energy
Florida Power & Light
Fortis
Global Partners

OH
FL
Canada
MA

15,617
8,700
8,411
1,770

1997
1925
1885
1933

Gulf Power Company

FL

1,288

1925

Utility/Energy

Germany
Spain
NY
Ireland
TX

6,371
34,255
380,300
46,000
165

1960
1840
1911
2009
1985

2015

RPS Group

$1,517.3
$38,453.8
$79,919.0
$14,197.6
$26.2

ND

4,800

1917

1945

MDU Resources Group

Maintenance Services
Utility/Energy
Maintenance Services
Maintenance Services
Architecture &
Engineerging
Construction

Japan

43,979

2003

Maintenance Services

$9,048.0

$958.2

N

NJ

5,000

2006

$375.4

$45.9

N

Linde Group, The

Germany

58,000

1879

$21,049.0

$4,723.2

N

Financials converted from EUR

Luminant Energy

TX

Vocation/Industries (Prison
Labor)
Vocation/Industries (Prison
Labor)
Utility/Energy

Acquired by RPS in 2015 for $24.1 M;
2015 financials prior to acquisition
Acquired by MDU Resources in 1945;
2015 financial projection
Merger of Konica and Minolta in 2003;
Financials converted from JPY
Created as regional subsidiary

N

Spin off from Energy Future Holdings in
2014 under Texas Competitive Electric
Holding, parent rebranded in 2016 to
Vistra Energy

MDU Resources Group
MP2 Energy
National Fuel Gas Company
National Fuel Resources

ND
TX
NY
NY

10,140

United Kingdom
NY

22,000

NextEra Energy
Oldcastle Precast

FL
CO

14,000
4,100

1984
1978

Oncor Electric Delivery

TX

3,965

1882

Progressive Waste

TX

7,500

2000

Republic Services
Royal Dutch Shell
RPS Group

AZ
Netherlands
United Kingdom

35,000
92,000
5,340

1998
1907
1970

Corporate Name
Energy Future Holdings
Energy Transfer Partners
Entergy
Exelon
Ferguson (formerly Wolseley)
Ferguson Enterprises

Homag
Iberdrola
IBM
Ingersoll Rand
Klotz Associates
Knife River
Konica Minolta
Linde Gas North America

National Grid
New York State Electric and Gas (NYSEG)

Year Last
Acquired
2007

Business Sector

1982

Ferguson PLC (formerly
Wolseley)

2016

NextEra Energy

Linde Group, The

2001

2,100

1924
2009
1902
1991
1990
1852

Parent Company
Sempra Energy

Vistra Energy

Owner/Major Investor

$5,200.0

$9,002.0
$42,675.0
$2,018.6

$1,800.0

PIC Revenue
Only (Y/N)
Notes
N
Aquired by Sempra Energy in 2018 for
$9.45 B
N
N
N
N
Financials converted from GBP
N
Created as regional subsidiary
N
N
N
N

N

Operates using various local subsidiaries,
financials divided accordingly

N
N
N
N
N

Financials converted from EUR
Financials converted from EUR

N

Construction
Utility/Energy
Utility/Energy
Utility/Energy

$4,443.4

$636.2

$1,579.9

$777.0

Utility/Energy
Utility/Energy

$18,493.1

$5,767.5

Iberdrola/Avangrid

N
N

CRH

Utility/Energy
Construction

$17,195.0
$1,064.4

$9,138.0
$141.0

N
N

2018

Sempra Energy

Utility/Energy

$3,958.0

$1,603.0

N

2016

Waste Connections

Maintenance Services

$2,000.0

Maintenance Services
Utility/Energy
Architecture &
Engineerging

$10,041.5
$305,179.0
$882.8

2017

Royal Dutch Shell
National Fuel Gas
Company

2015

N
N
N
N

N

$2,784.6
$48,395.0
$97,403.6

Acquired by NextEra Energy in 2016
Financials converted from CAD
Operates using various local subsidiaries,
including Global Montello Group

N
N
N

Acquired by Royal Dutch Shell in 2017
Created as regional subsidiary
Financials converted from EUR
Aquired by Iberdrola as part of Energy
East in 2008 for $4.6 B; Acquired 80%
majority stake of UIL in 2015 for $3 B to
form Avangrid
Created as regional subsidiary; Financials
converted from EUR
Acquired by Sempra Energy in 2018 as
part of Energy Future Holdings for $9.45
B
Acquired by Waste Connections in 2016
for $2.7 B; Operates using various local
subsidiaries

Financials converted from GBP

| 16

Corporate Snapshot

Corproate Structure

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Industry Sub-Sector
Maintenance Services

Last Reported Yr

Last Reported Yr

$10,688.0
$30,433.9
$11,207.0
$2,912.0
$14,983.8
$33,072.2
$2,390.0
$158.0

$1,407.0
$4,966.7
$3,688.0
$664.0
$2,283.0

HQ
Location
KS

Number of
Employees
140

Year
Founded
1947

Switzerland
France
CA
TN
OH
Germany
NH
MI

60,000
142,000
27,708
13,000
52,695
92,500
600
290

1874
1838
1867
1929
1866
1847
1870
1965

2014

Homag

Construction
Utility/Energy
Utility/Energy
Maintenance Services
Maintenance Services
Maintenance Services
Utility/Energy
Maintenance Services

NJ
KY

3,221
850

1928
1991

Schneider Electric

Utility/Energy
Utility/Energy

$1,187.9
$65.0

$243.0

2011

Superior Plus
Tampa Electric (dba TECO)
Terminix

Canada
FL
TN

3,500
2,650
9,500

1996
1899
1927

2016
1986

Emera
ServiceMaster

Utility/Energy
Utility/Energy
Maintenance Services

$1,578.5
$2,470.0
$1,541.0

$211.9
$972.0
$331.0

ThyssenKrupp

Germany

158,739

1811

Construction

$50,979.8

$3,482.1

ThyssenKrupp Elevator
Trane

Germany
WI

13,500

1811
1913

ThyssenKrupp
Ingersoll Rand

Construction
Maintenance Services

$2,700.0
$17,000.0

Vistra Energy

Utility/Energy

$161.0

Maintenance Services
Utility/Energy
Utility/Energy
Maintenance Services
Maintenance Services
Utility/Energy

$8,253.7
$30,131.6
$5,430.0
$4,630.5
$14,485.0
$11,404.0

$561.9
$3,773.9
$929.0
$1,259.6
$4,012.0
$3,680.0

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Industry Sub-Sector
Other
Utility/Energy

Last Reported Yr

Last Reported Yr

$65.0
$8,752.0

$1,299.0

$864.4

N

$336.0

N

$250.0
$630.0

N
N

Corporate Name
Schendel Pest Services
Schindler
Schneider Electric
Sempra Energy
ServiceMaster
Sherwin Williams
Siemens
Sprague Energy (aka Sprague Resources)
Stiles Machinery
Suburban Propane
Summit Energy Services

TXU Energy

Univar
Veolia
Vistra Energy (formerly TCEH)
Waste Connections
Waste Management
Xcel Energy

TX

IL
France
TX
Canada
TX
MN

Year Last
Acquired
2012

Business Sector

2007

1882

8,600
4,150
15,283
42,300
11,075

Parent Company
ServiceMaster/Terminix

Owner/Major Investor

1924
1853
2014
1997
1987
1999

$14.3

$109.0

PIC Revenue
Only (Y/N)
Notes
N
Acquired by Terminix in 2012; 2011
financials prior to acquisition
N
N
Financials converted from EUR
N
N
N
N
Financials converted from EUR
N
Adjusted EBITDA
N
Acquired by Homag in 2014; 2013
financials prior to acquisition
N
Adjusted EBITDA
N
Acquired by Schneider Electric in 2011
for $268 M; 2011 financials prior to
acquisition
N
Financials converted from CAD
N
Acquired by Emera in 2016
N
Acquired by ServiceMaster in 1986;
Adjusted EBITDA
N
Financials converted from EUR; Adjusted
EBITDA
N
Created as speciality subsidiary
N
Acquired by Ingersoll Rand in 2007 for
$9.4 B; Operates using various local
subsidiairies, including Trane MidAmerica; Revenues are a 2008
projection from acquisition
N
Spin off from Energy Future Holdings in
2014 under Texas Competitive Electric
Holding, parent rebranded in 2016 to
Vistra Energy; 2014 financials
N
N
Financials converted from EUR
N
N
N
N

Tier 2 – Private Equity-Owned
Corporate Snapshot

Corproate Structure

Business Sector

HQ
Location
TX
TX

Number of
Employees
730
2,290

Year
Founded
1995
1984

Year Last
Acquired
2016
2018

CDI Corporation (dba CDI Infrastructure)

PA

5,600

1950

2017

Owner/Major Investor
Genstar Capital
Energy Capital
Partners/Access
Industries/CPPIB
AE Industrial Partners

Cleaver-Brooks Sales And Service

GA

1,400

2014

2012

Harbour Group Ltd

Architecture &
Engineerging
Maintenance Services

Consolidated Glass Holdings
Culligan Water

PA
IL

1,000
4,300

1967
1936

2016

Grey Mountain Partners
Advent International

Construction
Maintenance Services

Corporate Name
Accruent
Calpine

Parent Company

PIC Revenue
Only (Y/N)
Notes
N
Acquired by Genstar in 2016
N
Acquired by consortium led by Energy
Capital Partners in 2018 for $5.6 B
Acquired by AE Industrial Partners in
2017 for $157.5 M
Marger of Holman Boiler Works and
Affiliated Power Services in 2014
Formed as a portfolio holding company
Acquired by Advent in 2016 for $900 M

| 17

Corporate Snapshot

Corporate Name
Friedrich Air Conditioning

HQ
Location
TX

Number of
Employees
90

Corproate Structure

Year
Founded
1883

Year Last
Acquired
2012

1985

2012

2002
1953

2017
2017

Parent Company

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

PIC Revenue
Only (Y/N)
Notes
N
Acquired by Corinthian Capital in 2012,
Kayne Assoc made a minority investment;
2015 financials
N
Acquired by Consolidated Glass
Holdings/Grey Mountain Partners in
2012
N
Acquired by Audax in 2017
N
Acquired by AE Industrial Partners in
2017 as part of CDI Corp for $157.5 M

Owner/Major Investor
Corinthian Capital
Group/Kayne Anderson
Capital Investors
Grey Mountain Partners

Industry Sub-Sector
Maintenance Services

Audax Group
AE Industrial Partners

Maintenance Services
Architecture &
Engineerging

Axel Johnson
Dunes Point Capital

Maintenance Services
Maintenance Services

$44.7

N
N

$320.0

Global Security Glazing

AL

Liquid Environmental Solutions
LR Kimball

TX
PA

Parkson Corporation
PlumbMaster

FL
SC

310

1960
1932

1967
2013

Remi Group, The

NC

117

1998

2012

McCarthy Capital

Maintenance Services

$68.7

N

Synagro Technologies

MD

620

1986

2013

EQT Partners

Maintenance Services

$155.0

N

IL

2,500

2000

2016

ONCAP Management
Partners

Maintenance Services

$480.0

N

Tecta America

650

Consolidated Glass
Holdings (holding co)

Business Sector

CDI Corporation

Professional Plumbing
Group

Construction

Acquired by Axel Johnson in 1967
Acquired by Professional Plumbing in
2013; 2015 financials
Minority stake investment by McCarthy
Capital in 2012; 2015 financials
Acquired by EQT Partners in 2013 for
$480 M
Acquired by ONCAP in 2016 for $280
M

Tier 3 – Large Privately-Owned
Corporate Snapshot

Corporate Name
Adirondack Energy Products
Alexander Building Construction
Alvin H Butz

HQ
Location
NY
PA
PA

Number of
Employees
200

American Builders & Contractors
APi Group
APi Systems
Arnold Oil Company Of Austin
Blastco Texas
Bruckner Truck Sales
Burly Corporation
Butz Enterprises
Clark Construction
Colonial Energy
Colonial Group
Elliott Electric Supply
Equipment Depot
Fleischmann
Gilbane

WI
MN
TX
TX
TX
TX
TX
PA
MI
VA
GA
TX
TX
Chile
RI

8,000
12,081

2,830

1982
1926
1968
1977
2006
1932
1959
1920
1954
1996
1921
1972
1951
1941
1873

Graybar Electric Company
Gulfeagle Supply dba Gulfside Supply
Hajoca Corporation
HDR

MO
FL
PA
NE

8,250
850
5,100
10,500

1869
1973
1858
1917

Hightowers Petroleum
HOK

OH
MO

35
1,600

1985
1955

158

340
1,140

1,100
1,650

Year
Founded
1988
1928
1920

Corproate Structure
Year Last
Acquired
2003

2001

Parent Company
Butz Enterprises
Butz Enterprises

APi Group
TF Warren Group

Colonial Group

2000

Pon

Owner/Major Investor

Business Sector
Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Industry Sub-Sector
Utility/Energy
Construction
Construction

Last Reported Yr

Last Reported Yr

Maintenance Services
Maintenance Services
Maintenance Services
Maintenance Services
Maintenance Services
Maintenance Services
Maintenance Services
Construction
Construction
Utility/Energy
Utility/Energy
Maintenance Services
Maintenance Services
Construction
Construction

$7,172.0
$2,567.0

Maintenance Services
Maintenance Services
Maintenance Services
Architecture &
Engineerging
Utility/Energy
Architecture &
Engineerging

$6,385.0
$535.0
$2,397.0
$1,927.6

$262.0
$240.9
$147.9

$524.0
$847.6
$233.1
$283.3
$2,900.0
$756.4
$400.0
$4,820.0

$203.9
$416.5

$205.0

PIC Revenue
Only (Y/N)
Notes
N
N
Acquired by Butz Enterprises in 2003
N
Original construction business of Butz
Enterprises
N
N
N
Acquired by APi Group in 2001
N
N
Created as regional subsidiary
N
2015 financials
N
N
N
N
Created as specialty subsidiary
N
N
N
Acquired by Pon in 2000
N
N
Operates using various specialty
subsidiaries, including Gilbane Building
Company
N
N
N
2014 financials
N
N
N

| 18

Corporate Snapshot

Corporate Name
Howard Shockey & Sons
Infinite Energy
Keith Corporation, The
Kodak Alaris
Louis Berger

HQ
Location
VA
FL
NC
NY
NJ

Number of
Employees
490
250
4,000
2,620

Year
Founded
1896
1994
1989
2013
1953

Lykins Oil Company
McPherson Companies, The
MEIKO

OH
AL
Germany

320
270
2,300

1948
1971
1927

Mirabito Holdings
Mueller Supply Co
Noco Energy
Pace Analytical Services
PathoSans
Pellerin Milnor
Performa

NY
TX
NY
MN
IN
LA
WI

1,040

1927
1937
1933
1978

510

1947
1995

Petroleum Traders Corp
Ports Petroleum
Shockey Companies, The
Sonepar
Spraying Systems
STV Architects

IN
OH
VA
France
IL
NY

139
160

1979
1948
1896
1969
1937
1912

600
2,210

Corproate Structure
Year Last
Acquired

Parent Company
Shockey Companies, The

Owner/Major Investor

Oskar and Rosel Meier
Foundation
1984

Burly Corporation

Spraying Systems

43,000
1,440
2,040

Sundt Companies, The
TAU SRL
Terracon Consultants
Texas Disposal Systems
TF Warren Group
Truman Arnold Companies
Turtle & Hughes
Vanir Construction Management

AZ
Italy
KS
TX
AL
TX
NJ
CA

1,450
3,643
850
800
600
850
350

1890
1978
1965
1977
1971
1964
1923
1980

Vaughn Industries
Waste Pro USA
WATES Construction
West Texas Gas

OH
FL
UK
TX

700
3,257
1,855
820

1963
2001
1986
1976

Business Sector
Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Industry Sub-Sector
Construction
Utility/Energy
Maintenance Services
Maintenance Services
Architecture &
Engineerging
Utility/Energy
Maintenance Services
Maintenance Services

Last Reported Yr

Last Reported Yr

$642.2
$391.9
$394.8

N
N
N

Utility/Energy
Maintenance Services
Utility/Energy
Maintenance Services
Maintenance Services
Maintenance Services
Architecture &
Engineerging
Utility/Energy
Utility/Energy
Construction
Utility/Energy
Maintenance Services
Architecture &
Engineerging
Construction
Construction
Maintenance Services
Maintenance Services
Maintenance Services
Maintenance Services
Maintenance Services
Architecture &
Engineerging
Construction
Maintenance Services
Construction
Utility/Energy

$346.3

N
N
N
N
N
N
N

$175.0
$428.0
$1,300.0
$875.6

$924.0
$550.3
$200.0

$1,700.0
$246.0

PIC Revenue
Only (Y/N)
Notes
N
Created as specialty subsidiary
N
N
N
2013 financials
N

N
N
N
N
N
N

$25,338.0
$460.0
$427.6
$844.9
$602.5
$306.0
$252.0
$1,895.3
$670.0
$81.2

N
N
N
N
N
N
N
N

$219.9
$594.1
$2,300.0
$1,390.0

N
N
N
N

Financials converted from EUR

Acquired by Burly Corp in 1984
2015 financials
Product brand

Financials converted from EUR

2015 financials

2015 financials

2015 financials

Tier 4 – Small Privately-Owned
Corporate Snapshot

Corporate Name
2 K General
A & D Water Systems
A Fresh Start Emergency Network
A&S Builders
A1 Consulting Group (formerly NFE
Technologies)
A-1 Property Services Group
A-Able Septic Sewer Service
Accura Electrical Contractor
Accurate Septic Services

HQ
Location
OH
FL
MO
TX
NC

Number of
Employees

FL
FL
FL
FL

55

Year
Founded
1994

1971
2006
1990
1998

Corproate Structure
Year Last
Acquired

Parent Company

Owner/Major Investor

Business Sector
Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Industry Sub-Sector
Construction
Maintenance Services
Utility/Energy
Construction
Construction

Last Reported Yr

Last Reported Yr

Maintenance Services
Maintenance Services
Utility/Energy
Maintenance Services

$10.5

PIC Revenue
Only (Y/N)
N
N
N
N
N

Notes

N
N
N
N

| 19

Corporate Snapshot
HQ
Location
TX
IL
FL
OH
OH
TX
AK
TX
FL

Number of
Employees

1,325
30

1999
1963
1928

Allstate Construction
AM Weigal Construction
AMBICO
American Pipe & Tank
American Steel Products (aka Coastal Plain
Ventures)
Amtech Solutions

FL
FL
Canada
NY
GA

80

1986
2004

Apex Industries
Appalachian Material Service
AquaRecycle
ARC Abatement
Armko Industries

Canada
FL
GA
TX
TX

Corporate Name
Ace Rubber Products
ACI Commercial Roofers
AD Morgan Corporation
Advanced Engineering Consultants
Advanced Industrial Roofing
AgH20 Holdings
Ahtna
Alamo Transformer Supply
Albritton Williams

50
56

Year
Founded
1988
1984
1989
1998
1988

Year Last
Acquired

Parent Company

1933

TX

1982
200

280

AZ

1994

Artec Group
Arwood Waste
B&E Communications
B2 Constructors
Barkley Andross
Barsco
Bay Environmental
BBG Contracting Group
Beach Construction
Benchmark Enviro Analytical
Benco Construction Services
Bennett Eubanks Oil
BLT Enterprises
Bomber TLP
Bottini Fuel (dba Morgan Fuel & Heating)
Bradford Garbage Services
Brazos Diesel Service
Brazosport Environmental & Recycling
Services (BEARS)
Brinkley Sargent Wiginton Architects

FL
FL
MS
GA
CA
TX
FL
FL
FL
FL
TX
FL
CA
OK
NY
FL
TX
TX

1991
1984
1976
2015
2004
1934

Brown Aviation
Bryan Freightliner
Building Code Administrative Services
Burgess & Niple

OK
TX
FL
OH

C&K Water Specialties
Callanan Industries
Carter Global Lee Companies (CGL)

TX
NY
GA

2005
1883
1993

Central Disposal
Charles Gojer & Associates

OK
TX

2007
1973

1997
1991
1992
240

320

1987
1984
2010
1979
1977
1980
1999

50

2015

100

1991

326

Owner/Major Investor

Business Sector

Industry Sub-Sector
Construction
Construction
Construction
Construction
Construction
Maintenance Services
Maintenance Services
Maintenance Services
Architecture &
Engineerging
Construction
Construction
Construction
Maintenance Services
Construction
Architecture &
Engineerging
Construction
Maintenance Services
Utility/Energy
Maintenance Services
Architecture &
Engineerging
Architecture &
Engineerging
Construction
Maintenance Services
Maintenance Services
Construction
Construction
Maintenance Services
Maintenance Services
Construction
Construction
Maintenance Services
Construction
Utility/Energy
Maintenance Services
Maintenance Services
Utility/Energy
Maintenance Services
Maintenance Services
Maintenance Services

1961
2003
2004
1990
1983

Arrington Watkins

TX

Corproate Structure

2001
1912

2012

Hunt Companies

Architecture &
Engineerging
Construction
Maintenance Services
Maintenance Services
Architecture &
Engineerging
Maintenance Services
Construction
Architecture &
Engineerging
Maintenance Services
Architecture &
Engineerging

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

$80.0
$8.1

$189.9
$7.5

$58.4

PIC Revenue
Only (Y/N)
N
N
N
N
N
N
N
N
N

Notes

N
N
N
N
Y
N

$42.1

N
N
N
N
N
N

$28.0
$36.0
$65.0

N
N
Y
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N

$13.0

N

$70.9

N
N
N
N
N
N
Y

2015 financials

Acquired by Hunt Companies in 2012

N
N

| 20

Corporate Snapshot

Corporate Name
Charles Perry Partners
Chem Mark
Chesney Morales Partners

HQ
Location
FL
UT
TX

Number of
Employees
160

Year
Founded
1968

Childers Construction
Childers Roofing & Sheet Metal
Clarke
Cleano
Clifford Power Systems
CM Security Group
CMH Architects

FL
FL
AR
CA
OK
Canada
AL

Cochran Electric
Communications International
Community Waste Services
Conch Wastewater
Continental Flooring Company
Continental Girbau
Contract Construction
ConVault
Cook Brothers
CopperWatcher
Corplan Corrections
Correctional Health Solutions
Country Line Supply
CPH

OH
FL
FL
FL
AZ
WI
SC
VA
FL
TX
TX
VA
NY
FL

Cram Roofing
Creative Corrections

TX
TX

Crenshaw Consulting Group

TX

2005

Crews Electrical Testing
Crown Linen Service
CT Consultants
D & K Emerson Stock Investment Holding
Daimer Industries
Damschroder Roofing
Daxon Construction
Dayton Power & Light
Detekion Security Systems
Detention Device Systems
Diversatec Resources
Diversified Systems
DLD
DLR Group

FL
MO
OH
TX
MA
OH
IL
OH
NY
CA
OH
OH
MI
KS

2002
1891
1922

Dolese
Don Reed Construction
Dudley Construction
Dur-A-Flex
Eagle Companies
East Coast Power & Gas
East Milton Water System
Easter-Owens
Easy Waters
Edmar Chemical
Elastec
Electric Eel Manufacturing

OK
FL
TX
CT
IL
NY
FL
CO
IN
OH
IL
OH

1977

75

165
23

1964
2002
2012
1985
1962
1980
1983
1975
2013

40
40
40

1979
1995
1984

30

1980

1978
1981
100

220

1986
2002

1976

4
60
500

1911
1992
1985
2005
1993
1977
1966
1901

125

1992
1966
1989
1938

65

1955

131

1989
1939

Corproate Structure
Year Last
Acquired

Parent Company

Owner/Major Investor

Business Sector

Industry Sub-Sector
Construction
Maintenance Services
Architecture &
Engineerging
Construction
Construction
Maintenance Services
Maintenance Services
Utility/Energy
Construction
Architecture &
Engineerging
Maintenance Services
Maintenance Services
Maintenance Services
Maintenance Services
Construction
Maintenance Services
Construction
Maintenance Services
Construction
Maintenance Services
Construction
Maintenance Services
Maintenance Services
Architecture &
Engineerging
Construction
Architecture &
Engineerging
Architecture &
Engineerging
Maintenance Services
Maintenance Services
Construction
Maintenance Services
Maintenance Services
Construction
Construction
Utility/Energy
Construction
Construction
Maintenance Services
Maintenance Services
Maintenance Services
Architecture &
Engineerging
Construction
Construction
Construction
Construction
Construction
Utility/Energy
Utility/Energy
Construction
Maintenance Services
Maintenance Services
Maintenance Services
Maintenance Services

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

$94.3

$11.6

$44.6
$5.1

$21.2
$19.6
$9.2
$21.9

$20.0

PIC Revenue
Only (Y/N)
Notes
N
2015 financials
N
N
N
N
N
N
N
N
N

2015 financials

2014 financials
2015 financials

N
N
N
N
N
N
N
N
N
N
Y
Y
N
N
N
Y

2015 financials

N

$29.5

$6.9
$9.9
$169.1
$108.3

$23.4

$31.4

N
N
N
N
N
N
N
N
N
Y
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N

2014 financials

| 21

Corporate Snapshot
HQ
Location
FL
OH
FL

Number of
Employees
30

Year
Founded
1958
2007
1989

Energy Systems Design
EnergyMark
Entech Sales & Service
Environmental & Fueling Systems
Environmental Ag Products
Environmental Pest Control
E-Tex Electric Motor Service
Evans Taylor Foster Childress Architects

AZ
NY
TX
NY
FL
OK
TX
TN

40

1988
2002
1981

E-Z-1 Synthetic Lubricant
Fahs Construction Group
Farber Corporation
FCS
Felder Water Well & Pump Service
FER
Fincher Engineering

OK
NY
OH
FL
TX
OK
TX

Firetron
Fisher Manufacturing
Florida Design Contractors
Florida Detention Systems
Flowers Chemical Laboratories
Four Rivers Land & Timber
French's Commercial Refrigeration
Frigelar North America
Frontier Equipment Sales
FSC

TX
CA
FL
FL
FL
FL
TX
TX
OK
MO

FSW
Funk & Co
Gaskin Contractors
George A Keene
Glasfloss Industries
Globe Electric Supply
Glover Oil
GM Hill Engineering

WI
TX
FL
NY
TX
NY
FL
FL

Gold Star Petroleum
Gordon Inc

TX
LA

GPD Services Company

OH

Greensouth Solutions
Gregory Pest Control
Greg's Auto & Truck Parts
G-S Company, The
Gutknecht Construction
GW Hunter
H&A Mechanical
H&H Pest Control
Habersham Metal Products
Halff Associates

AL
SC
TX
MD
OH
FL
OH
OK
GA
TX

Hamilton Roofing
Harcos Chemicals
Harper Sanitation

FL
OK
OK

Corporate Name
Eli Roberts & Sons
Elytus
EMO Architects

440

2011

1912

250
1969
1988
1955
1999
135
50
30
35
60

1990
1936
1979
1973
1957

1986
41

30

140

1976
2004
1947
1936
1946
1947
2004
2001
1964
1981

290

70

120
660

2011
1972
1928
1974
1972
2009
1954
1950
1968
1917
1971

Corproate Structure
Year Last
Acquired

Parent Company

Owner/Major Investor

Business Sector

Industry Sub-Sector
Utility/Energy
Maintenance Services
Architecture &
Engineerging
Construction
Utility/Energy
Maintenance Services
Maintenance Services
Maintenance Services
Maintenance Services
Maintenance Services
Architecture &
Engineerging
Maintenance Services
Construction
Maintenance Services
Maintenance Services
Maintenance Services
Maintenance Services
Architecture &
Engineerging
Maintenance Services
Construction
Construction
Maintenance Services
Maintenance Services
Maintenance Services
Maintenance Services
Maintenance Services
Maintenance Services
Architecture &
Engineerging
Maintenance Services
Maintenance Services
Construction
Construction
Maintenance Services
Maintenance Services
Maintenance Services
Architecture &
Engineerging
Maintenance Services
Construction
Architecture &
Engineerging
Maintenance Services
Maintenance Services
Maintenance Services
Construction
Construction
Utility/Energy
Construction
Maintenance Services
Construction
Architecture &
Engineerging
Maintenance Services
Maintenance Services
Maintenance Services

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

$46.2

$8.8
$100.5

PIC Revenue
Only (Y/N)
N
N
N

Notes

N
N
N
N
N
N
N
N
N
N
N
N
N
N
N

$21.6
$13.0
$9.9
$7.9
$15.0

$4.4

$46.2

N
N
N
Y
N
N
N
N
N
N
N
N
N
Y
N
N
N
N
N
N

Operates using specialty division,
Gordon Security Systems

N

$32.0

$33.0

$28.8
$98.3

N
N
N
N
N
N
N
N
Y
N

2015 financials

N
N
N

| 22

Corporate Snapshot

Corporate Name
Harris Architects
Hartman & Associates
Hays Cleveland
HeritagEnergy
Herzog Group

HQ
Location
OH

Number of
Employees

PA
OH
NY
Australia

Year
Founded

75

Parent Company

1901
1974

IL
NJ
FL
TX
FL
TX
VA
TX
TX
WA
TX
TX
TX
NY
TX
OH
OH
FL
OH
OH
FL

Integrus Architecture

WA

103

1991

Integrus Architecture

WA

103

1953

60
120

1993
1981
1945
1974

Canada
FL
OH
FL
AL
NC
OH
FL
NY
OH
OH

Year Last
Acquired

1990

Hesco Sanitary Maintenance Supplies
Hibrett Puratex
Hill Chemical
Hill Country Electric Supply
Hinson Oil
Houston County Ready Mix
Huang's Inc
Huff & Mitchell
Huitt Zollars
Hunt Engineering Services
Hunton Distribution
Hunton Group, The
Huntsville Aviation
HVAC Associates
Hydradyne Hydraulics
Hydro Dyne
IAP Government Services Group
I-Con Systems
Industrial Energy Systems
Industrial Solutions
Inland Construction and Engineering

ISI Controls
J Register Company
Jess Howard Electric
JH Ham Engineering
Jim's Asphalt
Johnson Industrial Machinery
Jones Metal Products, The
JV Gander Distributors
K & E Fabricating
K Company
K2M Design

Corproate Structure

210

35

525
50
29

23

67

1929
1960
2001
1998
1967
2002
2002
1975
1998
1981
1981

1968
1967
1994
1983
1988
1994

1982
1923
1939
1978
1972
2001

Kalkreuth Roofing & Sheet Metal
Kane Detention
KBI
KBS Electrical Distributors
Kenco
KIDN Marketing
Kilgore Industries
Kinetics Noise Control
Kitchens To Go
KMD Architects

OH
PA
FL
TX
NJ
OH
TX
OH
IL
CA

550
195

2000
1958

163

1963

Knox Energy Cooperative
Koch Corporation (dba Strong Tower
Construction)

OH
KY

20
62

1998
1936

40

Hunton Group, The

1984
1978
2001
1982
1978

Kane Innovations

Owner/Major Investor

Business Sector

Industry Sub-Sector
Architecture &
Engineerging
Architecture &
Engineerging
Construction
Utility/Energy
Architecture &
Engineerging
Maintenance Services
Maintenance Services
Maintenance Services
Maintenance Services
Maintenance Services
Maintenance Services
Maintenance Services
Construction
Construction
Maintenance Services
Maintenance Services
Maintenance Services
Maintenance Services
Maintenance Services
Construction
Maintenance Services
Maintenance Services
Maintenance Services
Construction
Maintenance Services
Architecture &
Engineerging
Architecture &
Engineerging
Architecture &
Engineerging
Maintenance Services
Construction
Maintenance Services
Maintenance Services
Construction
Construction
Maintenance Services
Utility/Energy
Maintenance Services
Maintenance Services
Architecture &
Engineerging
Construction
Construction
Construction
Maintenance Services
Construction
Utility/Energy
Construction
Construction
Construction
Architecture &
Engineerging
Utility/Energy
Construction

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

PIC Revenue
Only (Y/N)
N

Notes

N

$63.0

$145.5

$101.9

$174.0
$86.0
$37.4

$18.0

N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N

$26.2

N

$26.2

N

$12.5
$28.8

$20.0

N
N
N
N
N
N
N
N
N
N
N

$22.0

N
Y
N
N
N
N
N
N
N
N

$16.8
$17.6

N
N

$14.3

$128.8
$52.8

2015 financials

Created as specialty subsidiary

2015 financials

Created as specialty subsidiary

| 23

Corporate Snapshot

Corporate Name
K-O-K Products
KRK Entrprises Inc
LA Jacobson
Lapin Septic Tank Service
Larson & Darby Group

HQ
Location
OH
FL
OK
FL
IL

Number of
Employees

Year
Founded
1976
1994
1945
1958

Year Last
Acquired

Parent Company

50

Lawler Manufacturing Corp
Lejas Corporation (formerly Ringleb
Masonry, Caymus Corporation)
Lewis-Smith Supply
Lipsey Mountain Spring Water (dba
Composite Analysis Group)
Liqua Tech
Lunz Prebor Fowler Architects

NJ
AZ

1945
1977

AL
FL

1974

TX
FL

2002
1987

Lusk Mechanical Contractors
LV Hiers
Lydig
Madison Chemical Industries
Marathon Engineering Corporation (dba
Gold Metal Safety Padding)
Marolf Environmental
Marshall Engineering

KY
FL
WA
IN
FL

1991
1919

Martin Environmental Services
Maruson Technology Corp
Master Battery SL
Maximum Detention Systems
Max-Secure Institutional Furniture
McCall Architecture

Corproate Structure

1975
1973

FL
TX
1999
2003
2010

McCall Companies, The

GA

1975

McClure Industries
McDaniels Construction
Mechanical Systems Of Dayton
Medical Environmental Technologies
Merlin Petroleum
Midwest Electrical Construction
Mills & McKinnon Contractors

OR
OH
OH
CA
CT
KS
FL

Mimco
Mine & Mill Supply Company
Mittauer & Associates

TX
FL
FL

MLD Architects

FL

Mohawk Finishing Products
Molasky Group of Companies, The

NC
NV

Morfaw Brown Farms
Morris Petroleum
Moseley Architects

FL
MS
VA

Moss and Associates
MS Square Construction
MT2
Mustang CAT
MX Petroleum
Nation Waste

FL
AZ
CO
TX
NY
TX

1975

151

1985
1984
1987
2006

30

1972
1909
1989

1948
1951
2015
10
240

26
990

1969
2004
1998
1996
1952
1989
1997

Industry Sub-Sector
Maintenance Services
Maintenance Services
Construction
Maintenance Services
Architecture &
Engineerging
Maintenance Services
Architecture &
Engineerging
Maintenance Services
Utility/Energy
Maintenance Services
Architecture &
Engineerging
Maintenance Services
Utility/Energy
Construction
Maintenance Services
Construction

302

AL
CA
Spain
FL
CA
GA

Owner/Major Investor

Business Sector

McCall Companies, The

Maintenance Services
Architecture &
Engineerging
Maintenance Services
Utility/Energy
Utility/Energy
Maintenance Services
Construction
Architecture &
Engineerging
Architecture &
Engineerging
Maintenance Services
Maintenance Services
Maintenance Services
Maintenance Services
Maintenance Services
Utility/Energy
Architecture &
Engineerging
Maintenance Services
Maintenance Services
Architecture &
Engineerging
Architecture &
Engineerging
Maintenance Services
Architecture &
Engineerging
Maintenance Services
Maintenance Services
Architecture &
Engineerging
Construction
Construction
Maintenance Services
Maintenance Services
Utility/Energy
Maintenance Services

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

$13.0

PIC Revenue
Only (Y/N)
N
N
N
N
N

Notes

N
N
N
N

Acquired by IdentiSys in 2015

N
N
$67.0
$291.0

N
N
N
N
N

2014 financials

N
N
N
N
N
Y
Y
N

Created as specialty subsidiary

N

$30.2

$12.5

N
N
N
N
N
N
N
N
N
N
N
N
N

$15.4
$50.4

$9.3
$78.0

N
N
N
N
N
N
N
N
N

| 24

Corporate Snapshot

Corporate Name
NB Trenchless
Negrete & Kolar Architects

HQ
Location
CO
TX

Newman Regency Group
Norment Security Group

TX
AL

Norshield Security Products
North Water District Laboratory Services
Northern Sanitation
NY Fire Shield
Osment Roofing Systems
Pariser Industries
Parkhill, Smith & Cooper

AL
TX
NY
NY
AR
NJ
TX

Pauly Jail Building
Peterson Construction Company
Plymouth Rock Energy
Port City Industrial Products
Port Consolidated
Power Plus International
Power Pro-Tech Services
Professional Plumbing Group
Protective Health Systems
Quality Plumbing Parts
R & N Systems Design
R & S Corp
R&D Marketing
REC Industries
Renouveau Design

IN
OH
NY
TX
FL
GA
FL
SC
IA
FL
TN
LA
WA
TX
OH

Reserve Gas
RicciGreene Associates

NY
NY

1937

Rice Backhoe & Septic Service
Rincon Air & Heat
Ring Power Corporation
Robert Glass & Associates

OK
TX
FL
CA

1964

Robertson Construction Services
Roof Tech
Rosser International

OH
TX
GA

125
85

1997
1983
1947

Rosser International

GA

85

1947

Royal Carting Service
RQAW Corporation Engineers and
Architects
Safeguards Technology
Salser Utility Services
Sanitation Solutions
Sanitech Systems
Santek Waste Services
Schneider Corporation

NY
IN

280

1955
1954

Schorr Architects

OH

1988

NJ
FL
LA
Canada

2005
1991
1984
1981

Scientific Boiler Water Conditioning
Sebring Gas System
Securtec
Senstar

NJ
FL
TX
FL
TN
IN

Number of
Employees

Year
Founded
2014
2003

Corproate Structure
Year Last
Acquired

Parent Company

1986
2014
90

75
430

Cornerstone Detention
Products

1981
1974
1983
1979
1971
1945
1856
1949

100
200
202
390

2000
1993
2002

1998

130

1977
1980
1985

1961
1979

105
450

1998
2004
1986
1962

2012

Hunt Companies

Owner/Major Investor

Business Sector
Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Industry Sub-Sector
Construction
Architecture &
Engineerging
Maintenance Services
Maintenance Services

Last Reported Yr

Last Reported Yr

Construction
Maintenance Services
Maintenance Services
Construction
Construction
Maintenance Services
Architecture &
Engineerging
Construction
Construction
Utility/Energy
Maintenance Services
Maintenance Services
Maintenance Services
Maintenance Services
Maintenance Services
Maintenance Services
Maintenance Services
Construction
Construction
Utility/Energy
Construction
Architecture &
Engineerging
Utility/Energy
Architecture &
Engineerging
Maintenance Services
Construction
Maintenance Services
Maintenance Services

$31.5

Construction
Construction
Architecture &
Engineerging
Architecture &
Engineerging
Maintenance Services
Architecture &
Engineerging
Maintenance Services
Construction
Maintenance Services
Maintenance Services
Maintenance Services
Architecture &
Engineerging
Architecture &
Engineerging
Maintenance Services
Utility/Energy
Maintenance Services
Construction

PIC Revenue
Only (Y/N)
N
N
N
N

$40.0
$55.4

$59.0
$118.0
$32.7
$80.0

$28.0

N
N
N
N
N
N
N
Y
N
N
N
N
N
N
N
N
N
Y
Y
N
N
N

Notes

Acquired by Cornerstone Detention in
2014

2015 financials

2015 financials

N
Y
N
N
N
Y
$89.4
$9.1

N
N
N

$9.1

N

$101.0

N
N

$21.0
$92.0

Acquired by CGL/Hunt Companies in
2012

N
N
N
N
N
N
N
N
N
Y
N

| 25

Corporate Snapshot

Corporate Name
Shive Hattery

HQ
Location
IA

Number of
Employees
510

Year
Founded
1895

Shoop & Sons
Siegert Water Wells
Signature
SingleSource IT
SJC Remodeling (dba On The Gate)
Skyline Equipment
Smith Seckman Reid

IL
TX
KY
OH
NY
TX
TN

Snook & Aderton
Solar Supply
Solar Technologies
Solarcraft
Sorensen Gross Construction Services
South Central Power
South Texas Boiler Industries
Southeastern Laundry Equipment
Southeastern Towers
Southern Disposal
Southern Roofing Company
Southwaste Disposal
Southwest Fluid Systems
Southwestern Electric Power

TX
LA
IN
TX
MI
OH
TX
GA
FL
OK
FL
TX
OK
LA

Spartan Chemical
Spartan Fence
Sprint Waste Services
SSI Petroleum
Stand Energy Corporation
Stanley Consultants

OH
MI
TX
FL
OH
IA

Star Consultants

OH

1997

Stephens Consolidated South
Stewart & Stevenson
Summit Consultants

TX
TX
TX

1902
1996

Sunburst Chemicals
Superior Industrial Supply & Services
T Wayne Hill Trucking
Talquin Electric Coop
Ten Sam
Texas Grease Acquisitions
Texas Steam Equipment
Therma Seal Roof Systems
Thomas & Marker
Thybar Corporation
Tindall
TMI Coatings
TP Mechanical Contractors
Troy Boiler Works
Trussbilt
Turley Construction
Twin Cities Ready Mix
Tymetal Corp
United Prison Equipment (UPE)
United Salt Corp
US Control Group
US Water Services Corp

MN
OH
FL
FL
TX
TX
FL
OH
IL
SC
MN
OH
NY
SD
FL
OK
NY
PA
TX
CA
FL

Corproate Structure
Year Last
Acquired

Parent Company

1986

2003
1969
1968
1996
200
70

70

1994
1925
1936
2005
1976

1,729

1968
1960
1948
2006
1912

350
420
35
1,090

120

1956
1989
2006
1964
1984
1913

1920
2005
1940
2011

115

100
610
100
120

540

1956
1932
1985
1953
1947
1926
2004
1972
1985
1984
1928
1997

2000

American Electric Power
(AEP)

Owner/Major Investor

Business Sector
Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Industry Sub-Sector
Architecture &
Engineerging
Construction
Maintenance Services
Construction
Maintenance Services
Maintenance Services
Maintenance Services
Architecture &
Engineerging
Maintenance Services
Maintenance Services
Construction
Utility/Energy
Construction
Utility/Energy
Maintenance Services
Maintenance Services
Maintenance Services
Maintenance Services
Construction
Maintenance Services
Maintenance Services
Utility/Energy

Last Reported Yr

Last Reported Yr

Maintenance Services
Construction
Maintenance Services
Utility/Energy
Utility/Energy
Architecture &
Engineerging
Architecture &
Engineerging
Maintenance Services
Maintenance Services
Architecture &
Engineerging
Maintenance Services
Maintenance Services
Maintenance Services
Utility/Energy
Maintenance Services
Maintenance Services
Maintenance Services
Construction
Construction
Construction
Construction
Maintenance Services
Maintenance Services
Maintenance Services
Construction
Construction
Construction
Construction
Construction
Maintenance Services
Maintenance Services
Maintenance Services

$180.0

$53.1

PIC Revenue
Only (Y/N)
N

Notes

N
N
N
N
N
N
N

$106.0
$18.2
$82.4
$37.1

$111.3
$86.1
$192.6

N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N

2015 financials

Acquired by AEP in 2000
2015 financials

N
N
N
N
$65.0

$157.8
$241.8
$13.0
$122.0
$23.0
$30.0

N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
Y
N
N
N

2015 financials
2015 financials

| 26

Corporate Snapshot

Corporate Name
USA Architects Planners & Interior Designers

HQ
Location
NJ

VAI Architects

TX

Valcorp Enterprises
Van Hook Service
Vanguard Modular Building Systems
Voyager Fleet Systems
Waste Disposal Services
Waste Services of Texas
Waste-Stream
Water Spigot, The
Watson Construction
Way Engineering
Weil Construction
West Point Contractors
Whaley Parts & Supply
Wharton Tractor
Wight & Co
Williams Brothers Builders
Winco Utilities
Worth Construction & Development
Wylie Implement
York Electric
Zeidler

TX
NY
PA
TX
OK
TX
FL
FL
TX
NM
CA
SC
TX
IL
OH
FL
FL
TX
OH
Canada

Number of
Employees

Year
Founded
1985

Corproate Structure
Year Last
Acquired

Parent Company

1985

43
1998
1995
1986

133

1985
1977
1918
2005
1994
1944
1944
1939

48

2000
1964
1946

70

Santek Waste Services

Owner/Major Investor

Business Sector

Industry Sub-Sector
Architecture &
Engineerging
Architecture &
Engineerging
Construction
Maintenance Services
Construction
Maintenance Services
Maintenance Services
Maintenance Services
Maintenance Services
Maintenance Services
Construction
Maintenance Services
Construction
Construction
Maintenance Services
Maintenance Services
Construction
Maintenance Services
Utility/Energy
Construction
Maintenance Services
Construction
Architecture &
Engineerging

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

PIC Revenue
Only (Y/N)
N

Notes

N

$10.0

$11.0

$31.7

$9.4

N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N

Acquisition history unknown

2015 financials

| 27

Tier 1a – Publicly Traded – Targeted Correctional Exposure
Corporate Snapshot

Corporate Name
3M

3Wire Group

HQ
Location
MN

Number of
Employees
91,356

NJ

Corproate Structure

Business Sector
Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

$31,657.0

$9,364.0

$300.0
$34,850.2
$1,508.7

$5,434.4
$258.5

MAXAR

Security Equipment
IT & Communcations
Security Technology
Security Technology

$1,419.3

$407.3

Year
Founded
1902

Year Last
Acquired

2001

2008

2003
1951
1981
1989

2016

1987

1993

G4S

Furnishings & Supplies
Security Technology

Parent Company

Berkshire
Hathaway/Marmon
Compass Group, The

Owner/Major Investor

Industry Sub-Sector
Furnishings & Supplies

Furnishings & Supplies

PIC Revenue
Only (Y/N)
Notes
N
Sold off its electronic monitoring
businessfor $200 M and identity
management business for $850 M in
2017
N
Acquired by Berkshire Hathaway in
2007 as part of Marmon for $4.5 B
N
Acquired by Compass Group in 2016
N
N
Financials converted from TWD
N
Acquisition history unknown

5.11 Tactical
Accenture
Advantech
AFIX Technologies (formerly The Phoenix
Group)
Allete
AMAG Technology (formerly American
Magnetics Corp)

CA
Ireland
Taiwan
KS

550
425,000
7,801

MN
CA

2,017

American Science & Engineering (AS&E)

MA

1958

2016

OSI Systems

Security Technology

Animal Health International

CO

1967

2015

Patterson Companies

Furnishings & Supplies

$1,500.0

$68.0

N

APPRO Technology
APW Wyott
Argyle Percision (formerly Peterson Detention
Inc (PDI))

Taiwan
TX
CA

1993
1983

($1.1)

Standex
Argyle Security

Security Technology
Furnishings & Supplies
Furnishings & Supplies

$10.3

2007
2008

N
N
Y

Argyle Security (formerly ISI Security)
Assa Abloy
AT&T

TX
Sweden
TX

$9,136.4
$160,546.0

$1,683.5
$45,336.0

$15,609.9
$6,086.5
$886.3
$343.8
$25,650.8

$2,274.9
$657.2
$122.5
$21.1
$3,288.6

Atos
Avery Dennison
Axis Communications
Axon (formerly TASER)
BAE Systems
Baxter Mfg

France
CA
Sweden
AZ
United Kingdom
WA

47,500
252,000

100,000
30,000
2,865
1,095
83,200

1990
1994
1983

Furnishings & Supplies
Furnishings & Supplies
IT & Communcations

1997
1977
1996
1993
1996
1958

Security Technology
Furnishings & Supplies
Security Technology
Security Technology
Security Technology
Furnishings & Supplies

Blackhawk

KS

1990

2011

Bolle Safety

France

1888

2013

Booz Allen Hamilton
Brady Corporation
Brookdale International Systems
Bushnell Outdoor Products

Capgemini
Castell (dba TexCorr)

VA
WI
CA
KS

23,000
6,300

Switzerland
TX

193,077

Illinois Tool Works/ITW
Food Equipment
Vista Outdoor
Vista Outdoor/Bushnell
Outdoor Products/Bolle

1914
1914
1948

1967
1996

2000
2013

N
Y

N

N
N
N

N
N
N
Y
N
N

Security Equipment

N

Furnishings & Supplies

N

$5,804.3
$1,113.3

DowDuPont
Vista Outdoor

Security Technology
Security Technology
Furnishings & Supplies
Security Equipment

IT & Communcations
Furnishings & Supplies

$15,423.0

International Paper Co

$600.0

$547.1
$27,434.0

N
N
N
N

N
N

Acquired by G4S as American Magnetic
Corp in 1993 and name changed
Acquired by OSI Systems in 2016 for
$269 M
Acquired by Patterson Companies in
2015 for $1.1 B; LTM 3/2015
financials
TTM 4/2018 financials
Acquired by Standex in 2007 for $84 M
Acquired by Argyle Security in 2008 as
part of three company acquisition for
$14 M
Traded on OTC, no financials available
Financials converted from SEK
Exited prison telephone market when it
sold National Public Market to
GTL/Gores in 2005 (ran from 1998)
Financials converted from EUR
Financials converted from SEK
Financials converted from GBP
Acquisition history unknown
Acquired by ATK before Vista spinoff in
2011
Acquired by ATK before Vista spinoff as
part of Bushnell Outdoor Products in
2013 for $985 M
Adjusted EBITDA
Acquired by DuPont in 2010
Acquired by ATK before Vista spinoff in
2013 for $985 M; 2013 financial
projection
Financials converted from EUR
Acquisition history unknown

| 28

Corporate Snapshot

Corporate Name
Caterpillar
CDW

HQ
Location
IL

Number of
Employees
98,400

IL
TN
TX
TX

Cisco
Clement Communications
Cogent Systems

CA
PA
CA

72,900

TX
NY
Germany

Crossflo Systems (aka Patriot Data Solutions)

CA

Crown Castle
CTB

TX
IN
Australia
Germany
NJ

DataDot Technology
Deutsche Telekom
Dextro Software Systems

Year Last
Acquired

Parent Company

1984

Ceco Door
Celanese
ChemCal

CompX International
ComTech
Covestro (formerly Bayer MaterialScience)

Year
Founded
1892

Corproate Structure

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Industry Sub-Sector
Furnishings & Supplies

Last Reported Yr

Last Reported Yr

$45,462.0

$7,283.0

Furnishings & Supplies

$15,191.5

$1,132.2

$6,140.0

$1,211.0

1912
1918
1985

2014

Allete/US Water

Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies

$14,259.0

2007
2017

Brady Corporation
Gemalto

IT & Communcations
Furnishings & Supplies
Security Equipment

$48,005.0

450

1984
1919
1990

$202.0

$53.0

520
1,813
16,176

1903
1967
2015

Furnishings & Supplies
IT & Communcations
Furnishings & Supplies

$112.0
$550.4
$17,389.7

$18.8
$72.7
$4,225.1

7,592

Assa Abloy

Owner/Major Investor

Business Sector

2002

2008

Patriot Scientific

IT & Communcations

$3.0

4,500
2,090

1994
1952

Berkshire Hathaway

IT & Communcations
Furnishings & Supplies

$4,355.6
$840.0

$2,481.8

2002

216,000

2000
1995

$4.8
$92,127.0

($0.8)
$27,613.5

2017

Axon (formerlyl Taser)

Security Technology
IT & Communcations
Security Technology

2017

VF Corp/WilliamsonDickie Mfg

Dickies

TX

1922

Dräger

Germany

DroneShield

Australia

Electrolux
Engility
EOTech

Sweden
VA
MI

56,000
8,700

Esterline
Esterline Connection Technologies (aka
Souriau)

WA
France

13,255
3,000

13,000

Furnishings & Supplies

1889

Furnishings & Supplies

$3,163.9

$295.2

2014

Security Equipment

$16.4

$6.6

1919
2012
1995

L3 Technologies

$4,220.2
$1,931.9
$25.0

$70.2
$171.3

2005

Furnishings & Supplies
IT & Communcations
Security Equipment

1906
1917

Esterline

Furnishings & Supplies
Furnishings & Supplies

$2,002.2
$390.0

$297.2

2011

Fairchild Imaging
Fecheimer

CA
OH

1973
1842

2011
1986

BAE Systems
Berkshire Hathaway

Security Technology
Furnishings & Supplies

Fiber SenSys

OR

1990

2010

OPTEX

Security Technology

Canada
IL

1959
1892

2002

Assa Abloy
Weyco Group

Furnishings & Supplies
Furnishings & Supplies
$22,060.5
$3,856.0
$30,973.0

General Dynamics
Electrolux

Furnishings & Supplies
Security Technology
Security Technology
Security Technology
Furnishings & Supplies

Furnishings & Supplies

$607.8

Fleming
Florsheim
Fujifilm
Gemalto
General Dynamics
General Dynamics Mission Systems
Grindmaster-Cecilware

Hardwoods Specialty Products

Japan
Netherlands
VA
VA
KY

78,501
15,000
98,600
13,000
200

1934
2006
1952
2009

Canada

1,000

1926

2017

$4,870.0

PIC Revenue
Only (Y/N)
Notes
N
Operates using various local
subsidiaries, including Ohio Cat
N
Operates using CDW Government
subsidiary
N
Acquisition history unknown
N
N
Acquired by US Water Services in 2014
for $125 M; Acquired 87% by Allete in
2015 as part of US Water Services for
$168 M
N
N
Acquired by Brady Corp in 2007
N
Acquired by 3M in 2010 for $943 M
and then by Gemalto in 2017 for $850
M
N
N
Adjusted EBITDA
N
Spin off from Bayer created in 2015;
Financials converted from EUR
N
Acquired by Patriot Scientific in 2008 for
$10 M
N
Adjusted EBITDA
N
Acquired by Berkshire Hathaway in
2002 for $180 M
Y
N
Y
Acquired by TASER in 2017 to form
Axon AI, division focused on artifical
intelligence for public safety
N
Acquired by VF Corp in 2017 as part of
Williamson-Dickie Mfg for $820 M
N
Alcohol and drug testing equipment;
Financials converted from EUR
N
Financials converted from AUD; 2018
financial projection
N
Financials converted from SEK
N
N
Acquired by L3 Technologies in 2005 for
$49 M; 2006 financial projection
N
N
Acquired by Esterline in 2011 for $705
M; 2012 financial projection during
acquisition
N
Acquired by BAE in 2011 for $86 M
N
Acquired by Berkshire Hathaway in 1986
N
N
N

$2,754.2
$732.0
$4,618.0

$65.0

$33.7

N
N
N
N
N

N

Acquired by OPTEX in 2010; 2009
financials prior to acquisition
Acquisition history unknown
Acquired by Weyco in 2002 when the
company filed for bankruptcy
Financials converted from JPY
Financials converted from EUR

Merger of Grindmaster and Cecilware in
2009; Acquired by Electrolux in 2017
for $108 M
Financials converted from CAD

| 29

Corporate Snapshot

Corproate Structure

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Industry Sub-Sector
Security Equipment

Last Reported Yr

Last Reported Yr

$5,900.0

$1,386.0

Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Technology

$12,461.5
$28,871.0

$1,052.4
$3,997.0

$100,904.0
$40,534.0

$16,743.0
$8,017.0

$2,652.8
$6,703.6
$290.0

$388.0
$221.9

HQ
Location
FL

Number of
Employees
1,700

Year
Founded
1895

Henry Schein
Hewlett Packard
Hobart
Home Depot, The
Honeywell International

NY
CA
OH
GA
NJ

22,000
66,000

1932
1939
1897
1978
1885

1995

Hoppe's

KS

1903

2013

Vista Outdoor/Bushnell
Outdoor Products

Security Equipment

TN
Japan
AZ
NH

1937
1947
1988
1988

1999

VF Corp/VF Imagewear

2010

L3 Technologies

Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Equipment

2003

2018

Thermo Fisher Scientific

Furnishings & Supplies

1994
1978

Home Depot, The

Security Technology
Furnishings & Supplies

$3.6
$2,000.0

($3.9)

2015

$21,743.0
$2,123.0

2013

Furnishings
Furnishings
Furnishings
Furnishings

$3,611.0

Illinois Tool Works
Hoshizaki

$1,985.5

$97.3

Corporate Name
Harris Corp

Horace Small (dba VF Workwear)
Hoshizaki
Insight Enterprises
Insight Technology

413,000
131,000

1,100

IntegenX

CA

Intellicheck
Interline Brands (dba Supply Works)

NY
FL

29

TN
OH
KY
Canada

56,000

JVC Kenwood

Japan

18,051

2008

L3 Technologies
LBC Bakery Equipment
Lectra
Leggett & Platt
Leidos
LexisNexis

NY
WA
France
MO
VA
NY

31,000

1997
2001
1973
1883
1969
1970

International Paper Co
ITW Food Equipment Group
Jackson WWS
JMS Russel Metals

Mace Security International
Magal Security Systems
Marmon Group
Matthew Bender & Company

MAXAR
Micro Systemation Ab (dba MSAB)
Motorola Solutions
MTS Medication Technologies (dba MTS
Packaging Systems)
NEC Corporation
Netech Corporation
Nexcom
Nice Systems

OH
Israel
IL

1,550
22,200
31,000

406
13,080

NY

1898
1912
1925
1929

Year Last
Acquired

Business Sector

2008

1994

1970
1965
1953
1887

CO
Sweden
IL
CA

6,400
121
14,000

1969
1984
1928
1984

Japan

107,729

1899

MI

430

1996

Taiwan
Israel

5,900

1992
1986

1998

2012

2016

Parent Company

Illinois Tool Works

Owner/Major Investor

& Supplies
& Supplies
& Supplies
& Supplies

Furnishings & Supplies

$2.8

$9,573.0

$1,245.0

$320.0
$3,943.8
$10,170.0

$55.3
$598.7
$895.0

RELX Group

Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
IT & Communcations
Furnishings & Supplies

$9.1
$67.8
$4,172.5

($0.0)
$3.2

Berkshire Hathaway

Security Equipment
Security Equipment
Furnishings & Supplies

RELX Group/LexisNexis

Furnishings & Supplies

Omnicell

Security Technology
Security Technology
Security Technology
Furnishings & Supplies

$1,631.2
$29.7
$6,038.0
$75.0

$378.7
$7.3
$1,362.0
$12.0

Security Technology

$24,784.8

$1,136.6

IT & Communcations

$300.0

IT & Communcations
Security Technology

$216.4
$1,015.5

Sinmag Equipment

Presidio Networked
Solutions

PIC Revenue
Only (Y/N)
Notes
N
Exclusive distribution agreement with
Securus for Cell Defender
N
N
N
Acquired by ITW in 1995
N
N
Operates under dozens of industryspecific subsidiaries, including
Honeywell Industrial Safety
N
Acquired by ATK before Vista spinoff as
part of Bushnell Outdoor Products in
2013 for $985 M
Y
Acquired by VF Corp in 1999
N
Financials converted from JPY
N
Y
Acquired by L3 Technologies in 2010;
2010 financials
Y
DNA technolgoy, human identification;
Acquired by Thermo Fisher Scientific in
2018
N
Adjusted EBITDA
N
Acquired by The Home Depot in 2015
for $1.63 B
N
Adjusted EBITDA
N
Created as specialty subsidiary
N
Acquired by Hoshizaki in 2013
N
Financials converted from CAD; Adjusted
EBITDA
N
Merger of JVC and Kenwood in 2008.
Parent of Zetron; Fiancials converted
from JPY
N
N
Acquired by Sinmag Equipment in 2008
N
Financials converted from EUR
N
N
N
Acquired by RELX Group (formerly Reed
Elsevier) in 1994 for $1.5 B
Y
N
N
Acquired by Berkshire Hathaway in
2007 for $4.5 B; 2015 financials
N
Acquired by RELX Group (formerly Reed
Elsevier) in 1998 as part of Times Mirror
for $1.65 B
N
N
Financials converted from SEK
N
N
Acquired by Omnicell in 2012 for $156
M; 2012 financials prior to acquisition
N
N

$212.0

N
N

Operates using regional subsidiaries;
Financials converted from JPY
Acquired by Presidio in 2016
Financials converted from TWD

| 30

Corporate Snapshot
Year
Founded
2003

Year Last
Acquired
2013

Parent Company
Vista Outdoor

NJ

1962

1996

Nitta Gelatin

Nitta Gelatin
Norton Metals
NTT Data
Occcidental Chemical Corp (aka
OxyChem)
Occidental Petroleum Corp
Olympic Steel
Omnicell
Omnilink

Japan
TX
Japan
TX

1918
1952
1988
1988

2008

JMS Russel Metals

TX
OH
CA
GA

11,000
1,670
2,350

OPTEX
OSI Systems
Patriot Scientific
Patterson Companies
Patterson Dental
Precision Dynamics

Japan
CA
CA
MN
MN
CA

1,807
5,763
2
7,500

Presidio Networked Solutions
Rapiscan Systems

NY
United Kingdom

RELX Group
Retractable Technologies
Security Metal Products
Sentry Technology Corporation
SI Technologies

United Kingdom
TX
CA
NY
CA

Corporate Name
Night Optics

Nitta Casings

Sierra Wireless
Sinmag Equipment
Smith & Wesson (aka American Outdoor
Brands Corp)
Smiths Detection
Smiths Group
SO.F.TER. (Sociedad Forlivesa
Termoplasticos)
Software AG
Somat
Speer-Ammo
Spillman Technologies

HQ
Location
CA

Number of
Employees

Corproate Structure

111,664
3,000

1986
1954
1992
2004

2017

Owner/Major Investor

Business Sector

Industry Sub-Sector
Furnishings & Supplies

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

Furnishings & Supplies

Occidental Petroleum Corp

Furnishings & Supplies
Furnishings & Supplies
IT & Communcations
Furnishings & Supplies

$343.8
$16,284.6
$4,355.0

$2,793.7
$1,174.0

$13,274.0
$1,330.7
$716.2

$17,318.0
$41.5
$57.3

Sierra Wireless/Numerex

Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Equipment

$356.3
$958.2
$0.0
$5,593.1
$2,390.0
$173.0

PIC Revenue
Only (Y/N)
Notes
N
Acquired by ATK before Vista spinoff as
part of Bushnell Outdoor Products in
2013 for $985 M
N
Acquired by Nitta Gelatin in 1996 and
rebranded
N
Financials converted from JPY
N
Acquired by JMS Russel Metals in 2008
N
Financials converted from JPY
N
Created as specialty subsidiary
N
N
N
Y

1979
1987
1987
1878
1877
1956

2012

Patterson Companies
Brady Corporation

Security Technology
Security Technology
IT & Communcations
Furnishings & Supplies
Furnishings & Supplies
Security Technology

2,700
297

2003
1972

2016

OSI Systems

IT & Communcations
Security Equipment

$2,817.6
$191.8

$201.8
$24.4

N
N

135

1994

$10,313.6
$29.8

$3,537.2
($2.6)

$6.6
$36.2

($0.3)

213

1966
1979

Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Technology

N
N
N
N
N

Canada
Taiwan
MA

1,425
1,200
2,100

1993
1983
1852

Security Equipment
Furnishings & Supplies
Security Equipment

$692.1
$4,614.0
$903.2

$268.8

United Kingdom

208

1950

Smiths Group

Security Technology

$954.9

United Kingdom
TN

22,000
550

1851
1980

$966.0

Celanese

Security Technology
Furnishings & Supplies

$4,592.0

2016

N
N

$343.8

Illinois Tool Works
Vista Outdoor
Motorola Solutions

IT & Communcations
Furnishings & Supplies
Security Equipment
Security Technology

$1,081.2

1999

300

1969
1962
1968
1983

N
N
Y
N

5,500

1975

Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Technology
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Security Technology

$755.3

$85.3

$25,494.4
$1,938.8

$2,062.0

$522.3
$82.3
$134.9

$110.6
$9.1
$5.1

N
N
N
Y
N
N
N
N

$20,918.0

$5,001.0

N

Germany
PA
ID
UT

Standex
Stanely Hardware for Doors
Stanley Black & Decker
Stanley Security
Stero
Sturm, Ruger & Co
Tandy Leather Factory
Telos

NH
IN
CT
CT
CA
CT
TX
VA

Thermo Fisher Scientific

MA

2010
2004

2016

Assa Abloy
Vishay Intertechnology

Stanley Black & Decker
57,765

1843

1,750
656
502

1945
1949
1919
1997

70,000

2006

1999

Stanley Black & Decker
Illinois Tool Works

Security Technology

$151.1
($0.4)
$371.7

$250.2

N
N
N
N
N
N

N
N
N
N

$180.0

Acquired by Numerex in 2014 for
$37.5 M and then Sierra Wireless in
2017 as part of Numerex
Financials converted from JPY
Holding company for Crossflow Systems
Created as specialty subsidiary
Acquired by Brady in 2012 for $300 M;
2011 financials prior to acquisition
Acquired by OSI Systems in 2016 for
$187 M; Financials converted from
GBP; 2015 financials
Financials converted from GBP
Acquired by Assa Abloy in 2010
Acquired by Vishay in 2004 for $17.65
M; 2004 financials prior to acquisition
Adjusted EBITDA

Created as specialty subsidiary;
Financials convertedGBP
Financials converted from GBP
Acquired by Celanese in 2016

Acquired by ITW in 1999
Acquisition history unknown
Acquired by Motorola Solutions in 2016
for $217 M; Operates in 43 states with
1,900 agencies
Created as specialty subsidiary
Adjusted EBITDA
Created as specialty subsidiary
Acquired by ITW in 1999
Chairman is a CoreCivic board member
Telos Corp has a 50% ownership interest
in Telos ID

| 31

Corporate Snapshot

Corproate Structure

Business Sector
Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

$11,166.0

$2,954.0

$40,604.0

$10,872.0

HQ
Location
Canada

Number of
Employees
45,000

Year
Founded
2008

Year Last
Acquired

Timberland
T-Mobile

NH
WA

51,000

1973
1994

2011
2001

VF Corp
Deutsche Telekom

Furnishings & Supplies
IT & Communcations

Tradex International
Tyco Integrated Systems (formerly ADT
Business Solutions)
Tyco SimplexGrinnell

OH
FL

55
10,000

1988
2012

2015
2016

Cardinal Health
Johnson Controls

Furnishings & Supplies
Security Technology

MA

2001

2016

Johnson Controls

Security Technology

Unisys
US Water Service (dba US Water)

PA
MN

21,000

1970
1997

$203.2

Allete

Security Technology
Furnishings & Supplies

$2,820.7

2015

Verint
Veritiv (formerly Xpedx)
VF Corp
VF Imagewear (dba VF Workwear)

NY
GA
NC
TN

5,100
8,900
69,000

$1,062.1
$8,364.7
$11,811.2

$142.3
$78.0
$1,792.9

1986

VF Corp

Security Technology
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies

Virco
Virtual Imaging
Vishay Intertechnology
Vista Outdoor

CA
FL
PA
UT

735
100
23,000
6,000

$12.3

Canon

Furnishings & Supplies
Security Equipment
Security Technology
Security Equipment

$173.4

2009

$2,603.5
$2,546.9

$486.0
($109.1)

Vulcan

KY

West Corporation
Weyco Group
Williamson-Dickie Manufacturing

NE
WI
TX

10,000

$2,292.0
$283.7
$200.0

$638.9
$27.7

Xerox
Zetron

CT
WA

35,300
270

$10,265.0
$77.8

$1,097.0

Corporate Name
Thomson Reuters (dba West
Publishing/Westlaw)

1994
2014
1899
1923

1950
1995
1962
2015
1865

1999

Parent Company

Owner/Major Investor

Illinois Tool Works/ITW
Food Equipment

Industry Sub-Sector
Furnishings & Supplies

$153.5

Furnishings & Supplies

1986
1906
1922

2017

VF Corp

Security Technology
Furnishings & Supplies
Furnishings & Supplies

1906
1980

2018
2007

Fujifilm
JVC Kenwood

Furnishings & Supplies
IT & Communcations

PIC Revenue
Only (Y/N)
Notes
N
Acquired West Publishing; Operates
using specialty subsidiaries, including
WestLaw; Adjusted EBITDA
N
Acquired by VF Corp in 2011 for $2 B
N
Acquired by Deutsche Telekom as
VoiceStream in 2001 for $50.7 B;
named changed in 2002
N
Acquired by Cardinal Health in 2015
N
Acquired by Johnson Controls as part of
Tyco in 2016 for $3.9 B
N
Acquired by Johnson Controls as part of
Tyco in 2016 for $3.9 B
N
N
Acquired 87% by Allete in 2015 as part
of US Water Services for $168 M
N
N
Merger of xpedx and UWW in 2014
N
N
Acquired by VF Corp as part of Blue Bell
in 1986 for $378 M; Apparel lincensee
for ESPN
N
N
Acquired by Canon in 2009
N
Adjusted EBITDA
N
Spun off from ATK as standlone company
in 2015
N
Acquired by ITW in 1999 as part of
Premark
Y
N
N
Acquired by VF Corp in 2017 for $820
M; Operates through Dickies; 2018
financial projection
N
Acquired by Fujifilm in 2018 for $2.5 B
N
Acquired by JVC Kenwood in 2007

Tier 1b – Publicly Traded – Other
Corporate Snapshot

Corporate Name
Advance Auto Parts
Air France KLM
Alanco Technologies
Allied Electronics
Amazon
Anixter
Art's Way Manufacturing
Art's Way Scientific
Barfield
Berkshire Hathaway

HQ
Location
VA
France
AZ
TX
WA
IL
IA
IA
FL
NE

Number of
Employees
74,000
82,175

566,000
8,900
88
118
230
377,000

Year
Founded
1929
1969
1928
1994
1957
1956
1956
1945
1839

Corproate Structure
Year Last
Acquired

1999

2014

Parent Company

Electrocomponents

Art's Way Manufacturing
Air France KLM

Owner/Major Investor

Business Sector

Industry Sub-Sector
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
IT & Communcations
Security Technology
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

$9,373.8
$30,587.6
$0.2
$500.0
$177,866.0
$7,927.4
$20.7

$819.5
$3,338.2
($1.4)

$70.0
$242,137.0

$15,584.0
$377.4
($0.9)

$38,420.0

PIC Revenue
Only (Y/N)
N
N
N
N
N
N
N
N
N
N

Notes
Financials converted from EUR
Acquired by Electrocomponents in 1999

Created as specialty subsidiary
Acquired by Air France KLM in 2014

| 32

Corporate Snapshot

Corproate Structure

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Industry Sub-Sector
Furnishings & Supplies

Last Reported Yr

Last Reported Yr

$12,913.0

$996.3

HQ
Location
Germany

Number of
Employees
15,000

Year
Founded
1874

Bridgestone

Japan

142,669

1931

Furnishings & Supplies

$34,248.2

$5,706.8

Canon

Japan

197,673

1937

Furnishings & Supplies

$31,974.0

$4,502.2

CT
OH
United Kingdom
IL
IL
MN
United Kingdom
MN
Switzerland
VA

94,800
3,500
19,000
60,500
29,000
48,400
5,769
20,565
33,511
24,000

1993
1873
1755
1837
1955
1923
1937
1967
1887
1953

IT & Communcations
IT & Communcations
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies

$41,581.0
$1,185.8
$1,510.3
$29,737.7
$7,830.4
$13,838.3
$2,116.4
$4,390.5
$21,313.6
$15,000.0

$14,694.0
$275.2
$215.7
$5,768.8
$1,315.7
$2,913.1
$226.1
$1,005.4
$1,678.6

CT

22,700

1935

IT & Communcations

$9,128.0

($284.0)

Corporate Name
Brenntag

Charter Communications (dba Spectrum)
Cincinnati Bell
Coats
Deere & Company
Dover
Ecolab
Electrocomponents
Fastenal Company
Ferguson (formerly Wolseley)
Ferguson Enterprises
Frontier Communications (formerly Citizens
Utilities Company)
General Parts Distribution (dba CarQuest)

NC

Genuine Parts Company
Global Equipment (aka Global Industrial)

GA
NY

48,000

Goodyear Tire & Rubber
Helena Chemical

OH
TN

64,000
4,000

1839
1957

Hertz
Hertz Equipment (aka Herc Rentals)
Homag
IBM
Illinois Tool Works
Ingersoll Rand
K+S
Konica Minolta

FL
FL
Germany
NY
IL
Ireland
Germany
Japan

4,900
4,800
6,371
380,300
50,000
46,000
14,793
43,979

1965

Linde Gas North America
Linde Group, The
Lowe's
Marubeni
Microsoft Corp
Mobile Mini Solutions
Monsanto Company
Morton Salt
Motion Industries

NJ
Germany
NC
Japan
WA
AZ
MO
IL
AL

5,000
58,000
290,000
4,458
124,000
2,008
20,500

MSA Safety
Office Depot & OfficeMax
Pitney Bowes
PPG Industries

Rieter

1961

Year Last
Acquired

Business Sector

1982

2014

1928
1949

1987

Parent Company

Ferguson PLC (formerly
Wolseley)

Owner/Major Investor

N

Advance Auto Parts

Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies

$16,308.8

Systemax

Furnishings & Supplies
Furnishings & Supplies

$15,377.0
$4,000.0

$1,680.0

Marubeni

Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
IT & Communcations
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
IT & Communcations

$1,754.5
$1,600.0
$1,517.3
$79,919.0
$14,314.0
$14,197.6
$4,461.2
$9,048.0

$512.4

Furnishings
Furnishings
Furnishings
Furnishings
Furnishings
Furnishings
Furnishings
Furnishings
Furnishings

& Supplies
& Supplies
& Supplies
& Supplies
& Supplies
& Supplies
& Supplies
& Supplies
& Supplies

$375.4
$21,049.0
$65,017.0
$104.7
$89,950.0
$533.5
$14,640.0

& Supplies
& Supplies
& Supplies
& Supplies

$1,196.8
$10,240.0
$3,549.9
$14,750.0

$225.3
$500.0
$465.3
$2,553.0

N
N
N
N

$1,104.1

$99.3

N

Hertz
1960
1911
1912
2009
1889
2003

5,200

2006
1879
1946
1858
1975
1983
1901
1848
1946

Linde Group, The

PA
FL
CT
PA

45,000
14,700
28,200

1914
1986
1920
1883

Furnishings
Furnishings
Furnishings
Furnishings

Switzerland

5,246

1795

Furnishings & Supplies

2009
1972

PIC Revenue
Only (Y/N)
Notes
N
Operates using various local
subsidiaries, including Brenntag MidSouth; Financials converted from EUR
N
Operates using various local
subsidiaries, including Bridgestone
America; Financials converted from Jpy
N
Operates using various specialty and
local subsidiaries, including Canon
Solutions America; Financials converted
from JPY
N
N
Adjusted EBITDA
N
Adjusted EBITDA
N
N
Adjusted EBITDA
N
N
Financials converted from GBP
N
N
Financials converted from GBP
N
Created as regional subsidiary

K+S
Genuine Parts Company

N
$1,218.4

$42,675.0
$3,956.0
$2,018.6
$709.3
$958.2
$45.9
$4,723.2
$7,436.0
$31,104.0
$184.8
$4,109.0

$4,770.0

N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N

Acquired by Advance Auto Parts in 2013
for $2.0 B
Original company, folded under new
parent name, Systemax, in 1999
Acquired by Marubeni in 1987 for $30
M
Created as specialty subsidiary
Financials converted from EUR

Financials converted from EUR
Merger of Konica and Minolta in 2003;
Financials converted from JPY
Created as regional subsidiary
Financials converted from EUR
Financials converted from JPY
Adjusted EBITDA
Adjusted EBITDA
Acquired by K+S in 2009 for $1.7 B
Acquired by Genuine Parts in 1972;
2014 financials
Adjusted EBITDA
Merged in 2013 in a $976 M deal
Operates using various local and
specialty subsidiaries, including PPG
Architectural Finishes
Operates using various local
subsidiaries, including Rieter America;
Financials converted from CHF

| 33

Corporate Snapshot

Corproate Structure

Business Sector
Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Industry Sub-Sector
Furnishings & Supplies

Last Reported Yr

Last Reported Yr

HQ
Location
MO

Number of
Employees

Year
Founded
1994

Year Last
Acquired
2005

Parent Company
Monsanto Company

Stiles Machinery

MI

290

1965

2014

Homag

Furnishings & Supplies

$158.0

Systemax
Time Warner Cable (dba Spectrum)

NY
NY

1,900
2,600

1949
1992

2016

Charter Communications

Furnishings & Supplies
IT & Communcations

$1,265.4
$31,271.0

Trane

WI

1913

2007

Ingersoll Rand

Furnishings & Supplies

$17,000.0

Unified Brands

GA

1907

1967

Dover

Furnishings & Supplies

Verizon
Windstream Communications
WW Grainger

NY
AR
IL

Corporate Name
Seminis Vegetable Seeds

155,400
12,979
25,700

Owner/Major Investor

1983
2006
1927

IT & Communcations
Security Technology
Furnishings & Supplies

$76.4
$17,776.0

$126,034.0
$5,852.9
$10,424.9

$44,368.0
($123.5)
$1,199.4

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

PIC Revenue
Only (Y/N)
Notes
N
Acquired by Monsanto in 2005 for $1.4
B
N
Acquired by Homag in 2014; 2013
financials prior to acquisition
N
N
Acquired by Charter Communications in
2016 for $56.7 B
N
Acquired by Ingersoll Rand in 2007 for
$9.4 B; Operates using various local
subsidiairies, including Trane MidAmerica; Revenues are a 2008
projection from acquisition
Y
Operates using various specialty product
brands, in cluding PowerSoak
N
N
N

Tier 2 – Private Equity-Owned
Corporate Snapshot
Number of
Employees

Corproate Structure

Corporate Name
Aimpoint

HQ
Location
VA

American & Efird

NC

American Tire Distributors

NC

Break Free

CA

BSN Sports

TN

1972

2014

Bushmaster Firearms

ME

1973

2006

Chief Supply Corporation

FL

1977

CJ Foods

KS

420

Cleaver-Brooks Sales And Service

GA

CompuDyne

4,700

Year
Founded
1975

Year Last
Acquired
1975

1891

2018

1935

2015

Parent Company

Owner/Major Investor
Sandberg Development
Group
Platinum Equity

Business Sector

Industry Sub-Sector
Security Equipment
Furnishings & Supplies

Ares Management/TPG
Capital
Kanders & Company

Furnishings & Supplies
Furnishings & Supplies

N

Varsity Brands

Charlesbank Capital
Partners

Furnishings & Supplies

N

Remington Outdoor

Cerberus

Security Equipment

N

2009

Prophet Equity

Furnishings & Supplies

Y

1985

2014

Furnishings & Supplies

$87.0

N

1,400

2014

2012

J.H. Whitney Capital
Partners
Harbour Group Ltd

Furnishings & Supplies

$336.0

N

MD

90

1988

2007

The Gores Group

IT & Communcations

$15.7

N

Convergint Technologies
Cross Match Technologies

IL
FL

2,469
300

2001
1996

2018
2012

Ares Management
Francisco Partners

Security Technology
Security Technology

$594.2

N
N

CSC ServiceWorks (formerly Coinmach
Service Corp)

NY

3,100

1946

2015

Pamplona Capital
Management/Ontario
Teachers Pension
Plan/Neuberger Berman

Furnishings & Supplies

$1,500.0

Safariland

$4,600.0

PIC Revenue
Only (Y/N)
Notes
N
Sandberg Development Group invested
in Aimpoint since its launch in 1975
N
Acquired by Platinum Equity in 2018
N

$325.0

N

Ares acquried significant stake in 2015
to equal TPG's ownership
Product brand
Acquired by Charlesbank Capital
Partners in 2014 as part of Varsity
Brands for $1.5 B
Acquired by Remington Outdoor
(formerly Freedom Group) in 2006; Filed
for bankruptcy in 2018
Acquired by Prophet Equity in 2009

Marger of Holman Boiler Works and
Affiliated Power Services in 2014
Acquired by Gores Group in 2007 for
$59.1 M; 2015 financials
Acquired by Ares Management in 2018
Acquired by Francisco Partners in 2012
for $77 M
Merger of Coinmach Service Corp and
AIR-serv Group by Pamplona Capital in
2013; Minority stake acquired by OTPP
in 2014; Minority stake acquired by NB
in 2015; 2015 EBITDA

| 34

Corporate Snapshot

Corproate Structure

HQ
Location
United Kingdom

Number of
Employees
620

Year
Founded
2013

Year Last
Acquired
2017

Defense Technology
Dell

TX

138,000

1984

2013

Enovative Technologies
Friedrich Air Conditioning

VA
TX

90

1883

2012

Galls

KY

1968

2018

GH Armor Systems (formerly Sentry Armor
Systems)

TN

1986

2017

Corporate Name
Darktrace

Parent Company

Safariland

Safariland/Pacific Safety
Products

Business Sector

Owner/Major Investor
Invoke
Capital/KKR/Summit
Partners/SB
ISAT/SVIC/TenEleven
Ventures/Hoxton
Ventures/Talis
Capital/Insight Venture
Partners
Kanders & Company
Silver Lake Partners

Industry Sub-Sector
Security Technology

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

$248.5

Furnishings & Supplies
Furnishings & Supplies

$61,642.0

Right Start Capital Partners
Corinthian Capital
Group/Kayne Anderson
Capital Investors
Charlesbank Capital
Partners
Kanders & Company

Security Technology
Furnishings & Supplies

$320.0

$1,686.0

PIC Revenue
Only (Y/N)
Notes
N
Series of venture capital and private
equity investors between 2015 and
2017; Financials converted from GBP

N
N
N
N

N

Security Equipment

N

Acquired by Safariland as part of Pacific
Safety Products in 2017 for $15.4 M

N
N

Acquired by BIG in 2016
Acquired by The Jordan Company in
2011
Acquired by Taglich Private Equity in
2015; 2015 financials
Acquired by Thoma Bravo in 2007 for
$265 M
Renamed with acquisition of Dade Paper
and Imperial Bag & Paper in 2017

Canada
IN

326

1993
1987

2016
2011

BIG Capital
The Jordan Company

Security Technology
Furnishings & Supplies

Hobbs Bonded Fibers

TX

170

1953

2015

Taglich Private Equity

Furnishings & Supplies

$45.0

N

Hyland Software

OH

2,500

1991

2007

Thoma Bravo

IT & Communcations

$696.0

N

Imperial Dade (formerly Imperiald Bag &
Paper)

NJ

1,880

1935

2016

Audax

Furnishings & Supplies

$1,300.0

N

Kleen Bore
Laird Plastics

CA
FL

400

1944

2004

Kanders & Company
Blackfriars Corporation

Security Equipment
Furnishings & Supplies

$575.0

N
N

Lawmen's Safety Supply
Lexmark International

NC
KY

50
14,000

1987
1990

2015
2016

Furnishings & Supplies
Furnishings & Supplies

$25.1
$3,551.2

Liqui Box

OH

1961

2015

Kanders & Company
Apex Technology/PAG
Asia Capital
Olympus Partners

Furnishings & Supplies

$180.0

Metrasens

United Kingdom

2005

2013

Octopus Ventures/C5
Capital/Advantage
Business Angels

Security Equipment

MicroPact

VA

600

1997

2014

Enlightenment Capital

IT & Communcations

$100.0

N

National Industrial Lumber Company
(NILCO)
Nesco Sales & Rentals

OH

350

1909

2017

Madison Dearborn Partners

Furnishings & Supplies

$92.0

N

IN

270

1988

2014

Energy Capital Partners

Furnishings & Supplies

$190.0

N

Kanders & Company

Furnishings & Supplies

The Carlyle Group
Kanders & Company

Security Technology
Security Equipment

$185.0
$14.6

N
N

Nik

Novetta Solutions
Pacific Safety Products
Parts Town

Pelican Products

2017

VA
Canada

760

IL

CA

Safariland

US Lumber Group

Safariland/Pacific Safety
Products

$319.2

Y
N
N
N

Y

2012
1984

2015
2017

997

1987

2016

Berkshire Partners/Summit
Partners

Furnishings & Supplies

$310.3

N

1,600

1976

2004

Behrman Capital

Furnishings & Supplies

$390.0

N

Safariland

Acquired by Corinthian Capital in 2012,
Kayne Assoc made a minority
investment; 2015 financials
Acquired by Charlesbank in 2018

Furnishings & Supplies

Help Desk Technology
Heritage Parts

Safariland

Acquisition history unknown
Acquired by Silver Lake Partners in 2013
for $24.8 B

Product brand
Acquired in 2004 by Blackfriars for $65
M
Acquired by Safariland in 2015
Acquired by Apex/PAG in 2016 for
$2.54 B
Acquired by Olympus Partners in 2015;
2015 financials
Series of venture capital and private
equity investors led by Octopus
Investments (last capital injection in 2013)
Acquired by Enlightenment Capital in
2014
Acquired by US Lumber in 2017
Acquired by Energy Capital Partners in
2014; originally acquired controlling
interest in 2011
Acquired by Safariland as part of Pacific
Safety Products in 2017 for $15.4 M

Acquired by Safariland in 2017;
Financials converted from CAD
Recapitalization led by Berkshire Partners
in 2016; Summit Partners remains
significant investment
Acquired by Behrman Capital (PE) in
2004 for $200 M

| 35

Corporate Snapshot

Corproate Structure

HQ
Location
SC

Number of
Employees
310

Year
Founded
1932

Year Last
Acquired
2013

Polycom
QC Supply

CA
NE

2,460
200

1990
1982

2016
2016

Remi Group, The

NC

117

1998

2012

Remington Outdoor
Rockport Group, The

NC
MA

3,200

1816
1971

2015

New Balance

Rockport Works

MA

1988

2015

New Balance/Rockport
Group

Safariland

CA

1,580

1964

Securadyne Systems

TX

380

United Kingdom

Trident USA Health Services

TriMark

Corporate Name
PlumbMaster

Tharstern

Unifiller Systems

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

PIC Revenue
Only (Y/N)
Notes
N
Acquired by Professional Plumbing in
2013; 2015 financials
N
Acquired by Siris in 2016 for $2.0 B
N
Acquired by Charlesbank in 2016;
2014 financials
N
Minority stake investment by McCarthy
Capital in 2012; 2015 financials
N
Filed for bankruptcy in 2018
N
Acquired by Berkshire Partners/New
Balance in 2015 for $280 M
N
Acquired by Berkshire Partners/New
Balance in 2015 for $280 M; exclusive
lincense with Warson Brands for
manufacture and design
N
Acquired by Kanders & Co in 2012 for
$124 M; 2015 financials
N
Created in partnership with Pamlico in
2012; 2014 financials
N
Acquired by Mobeus Equity in 2014 for
$7 M; Fiancials converted from GBP,
2013 financials
N
Acquired by Audax in 2009; New
capital investment by Audax and
Formation Capital in 2013
N
Operates through varoius specialty
subsidiaries, including TriMark SS Kemp;
Acquired by Centerbridge in 2017

Owner/Major Investor
Dunes Point Capital

Industry Sub-Sector
Furnishings & Supplies

Last Reported Yr

Siris Capital Group
Charlesbank Capital
Partners
McCarthy Capital

IT & Communcations
Furnishings & Supplies

$1,267.2
$102.0

Furnishings & Supplies

$68.7

Cerberus
Berkshire Partners

Security Equipment
Furnishings & Supplies

$939.3

Berkshire Partners

Furnishings & Supplies

2012

Kanders & Company

Security Equipment

$474.0

2012

2012

Pamlico Capital

Security Technology

$103.8

40

1984

2014

Mobeus Equity Partners

IT & Communcations

$5.1

PA

2,100

1999

2013

Audax/Formation Capital

Furnishings & Supplies

$455.0

MA

790

1998

2017

Centerbridge Partners

Furnishings & Supplies

$1,513.0

1988

2016

Hamilton Robinson Capital

Furnishings & Supplies

2017

Madison Dearborn Partners

Furnishings & Supplies

$136.0

N

Charlesbank Capital
Partners
Kanders & Company
Peninsula Capital Partners

Furnishings & Supplies

$1,400.0

N

Security Equipment
Security Technology

$77.1

Y
Y

Clayton, Dubilier, and Rice

Furnishings & Supplies

$1,159.6

N

Canada

US Lumber Group

GA

560

Varsity Brands

TN

9,200

1974

2014

VIEVU
WatchGuard Video

WA
TX

280

2007
2002

2015
2008

TX

1,380

1956

2012

Wilsonart (formerly ITW Decorative
Surfaces)

Business Sector

Parent Company
Professional Plumbing
Group

Safariland

$44.7

N

Acquired by Hamilton Robinson Capital
Partners in 2016
Acquired by Madison Dearborn Partners
in 2017
Acquired by Charlesbank Capital
Partners in 2014 for $1.5 B
Acquired by Safariland in 2015
Investment$6.5 M by Peninsula Capital
Partners in 2008
Investment by Clayton, Dublier & Rice in
2012, ITW retained ownership stake;
2015 financials

Tier 3 – Large Privately-Owned
Corporate Snapshot

Corporate Name
ACE Hardware
ActiveLED

HQ
Location
IL
TX

ADANI Systems
A-Jax Company
Aladdin Temp-Rite
ALI Group

TX
FL
TN
Italy

Number of
Employees
4,467

Year
Founded
1924

Corproate Structure
Year Last
Acquired

Parent Company
Network
Technology/Ringdale

30
250
10,000

1991
1973
1908
1968

2002

ALI Group

Owner/Major Investor

Business Sector

Industry Sub-Sector
Furnishings & Supplies
Furnishings & Supplies
Security Technology
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

$5,125.5

$12.5
$51.0
$2,082.1

$330.1

PIC Revenue
Only (Y/N)
N
N
Product brand
N
N
N
N

Notes

Acquired by ALI Group in 2002
Financials converted from EUR: 2014
financials

| 36

Corporate Snapshot

Corporate Name
Allied Industries
ALL-TAG Security
Alto-Shaam
American Builders & Contractors
American Rock Salt

HQ
Location
SC
FL
WI
WI
NY

AMES Safety Envelope Company
Arconas Corporation
ARKRAY USA
Benco Dental Supply Company
Beretta

MA
ON
MN
PA
MD

Bruckner Truck Sales
Burlodge
Burly Corporation
Carahsoft Technology
Carbyne
City Electric Supply
Coburn's Supply
Commodity Specialists
Computer Aid
Creative Bus Sales
Do It Best
Edlund
Entrust Datacard (formerly Datacard Corp)
Equipment Depot
Essex Tech Group
Fabbrica d'Armi Pietro Beretta

TX
NC
TX
VA
Israel
FL
TX
MN
PA
GA
IN
VT
MN
TX
TN
Italy

Festo Didactic (formerly Lab-Volt)
FLEXcon
FN Herstal

NJ
MA
Belgium

Foxworth-Galbraith Lumber Company
Germstar Hand Sanitizers
Graybar Electric Company
Groz-Beckert
Hajoca Corporation
Heckler & Koch
Howard Industries
IDEMIA (formerly OT-Morpho)

TX
CA
MO
Germany
PA
Germany
MS
France

Information Builders
Jimmy Sanders
Jupiter Aluminum Corp
Knape & Vogt
Kodak Alaris
Krueger International
Mac Papers
Mag-Lite
Mayer Electric Supply
McMaster-Carr Industrial Supply Company
Millcraft Paper
Milliken & Company

Number of
Employees

Year
Founded

439
8,000

1955
1982
1997

224
1,650
300
1,140

538
2,830
1,000
100
4,500
200
1,477
160
2,200

1774
1972
1969
1930
1972
1932
1990
1959
2004
2014
1951
1934

2,060
871

1981
1980
1945
1928
1969
1951
2000
1980

1,590
1,232

1956
1889

950

1901
2008
1869
1852
1858
1949
1968
2017

8,250
8,800
5,100
3,600
14,000

NY
MS

1,306

IN
MI
NY
WI
FL
Canada
AL
IL
OH
SC

400
1,200
4,000
3,000
745
1,171
4,100
260
9,140

1975
1953
1992
1898
2013
1941
1965
1979
1930
1920
1865

Corproate Structure
Year Last
Acquired

2010

Parent Company

TAB Products

Fabbrica d'Armi Pietro
Beretta
1998

ALI Group

2010

ALI Group

2000

Pon

Herstal Group, The

Owner/Major Investor

Business Sector

Industry Sub-Sector
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
IT & Communcations
IT & Communcations
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
IT & Communcations
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Technology
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
IT & Communcations
Furnishings & Supplies
Security Equipment

Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Security Technology

2012

Pinnacle Agriculture

Mag Instrument

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

$120.3
$7,172.0
$291.0

$105.9

$102.7
$875.0
$69.0
$847.6

PIC Revenue
Only (Y/N)
Notes
N
N
N
N
N
2015 revenues; 2015 EBITDA estimate
based on 2012 EBITDA margin
N
Acquired by TAB Products in 2010
N
N
N
N
Product brand

$1,051.0
$490.0
$600.0
$560.0
$241.9
$3,085.2
$75.0
$600.0
$400.0
$762.2
$271.5

N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N

$276.1
$359.7

N
N
N

$3,429.5

$55.5

$319.2
$6,385.0
$910.2
$2,397.0
$840.0
$3,690.0

IT & Communcations
Furnishings & Supplies

$316.0

Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies

$300.0
$287.0
$1,300.0
$650.0
$526.0
$817.0
$2,155.0
$265.4
$4,500.0

$205.0

N
N
N
N
N
N
N
N

N
N
N
N
N
N
N
N
N
N
N
N

2015 financials
Acquired by ALI Group in 1998

2015 financials
In budget under local store outpost
Acquired by ALI Group in 2010
Acquired Entrust in 2013
Acquired by Pon in 2000
Financials converted from EUR; 2013
financials

Created as specialty subsidiary; Finacials
converted from EUR; 2014 financials

Financials converted from EUR
2014 financials

Merger of Safran Identity & Security
(Morpho) and Oberthur Technologies in
2017; Renamed from OT-Morpho to
IDEMIA; Financials converted from EUR
Acquired by Pinnacle Agriculture in 2012
for $750 M
2015 financials
2013 financials

Product brand

2015 financials

| 37

Corporate Snapshot

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

Number of
Employees

SC
OK
TX
United Kingdom
MA
MN
Germany

2,700
520
45
7,500
3,000
1,500

1847
1971
1937
1985
1906
1981
1808

NE
NY

1,110
500

1998

Pellerin Milnor
Pellerin Milnor
Pinnacle Agriculture
Ploeger Oxbo Group

LA
LA
CO
Netherlands

510
510
1,800
667

1947
1947
2012
2010

Furnishings
Furnishings
Furnishings
Furnishings

& Supplies
& Supplies
& Supplies
& Supplies

$200.0
$200.0
$1,312.1
$245.4

Pon

Netherlands

12,052

1895

Furnishings & Supplies

$7,310.1

TX
GA
MO
MA
United Kingdom
France

1,060
3,200
2,150
2,000

1964
1956
1967
1986

Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
IT & Communcations
Furnishings & Supplies
Security Technology

$318.0
$1,300.0
$200.0
$303.1

Samuel Strapping Systems
Samuel, Son & Co
SanMar
Sig Sauer

IL
Canada
WA
NH

540
4,800
3,650
980

1863
1855
1971
1853

Lüke & Ortmeier Holdings

Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Equipment

$120.0
$3,700.0
$776.2
$778.0

Simplot Grower Solutions
Southern Tire Mart
TAB Products
Taylor Communications

ID
MS
WI
OH

10,000
2,200

Taylor Corporation

Furnishings & Supplies
Furnishings & Supplies
Security Technology
Furnishings & Supplies

$6,000.0
$840.0

3,400

1929
1973
1950
1912

Taylor Corporation
Tripp Lite
True Manufacturing (dba True Food Service
Equipment)
Turtle & Hughes
Uline
United Refrigeration
Victory Refrigeration
Waukesha Pearce
Wurth Group
Wurth Louis & Company

MN
IL
MO

12,000
534
4,350

1975
1922
1945

IT & Communcations
Furnishings & Supplies
Furnishings & Supplies

$2,100.0
$392.0
$1,300.0

NJ
WI
PA
NC
TX
Germany
CA

850
5,500
1,690

1923
1980
1947
1944
1924
1945
1975

Furnishings
Furnishings
Furnishings
Furnishings
Furnishings
Furnishings
Furnishings

$670.0
$3,900.0
$850.0

Mount Vernon Mills
MTM Recognition Corp
Mueller Supply Co
Network Technology
New Balance
Northern Tool + Equipment
Orafol
Original Equipment Industries
Oxbo International

Priefert
Printpack
Propper
Public Consulting Group
Ringdale
Safran Identity & Security (dba Morpho)

2016

1,590
73,000
68,900

Year Last
Acquired
2017

Business Sector

HQ
Location
CT

Corporate Name
MorphoTrust USA

Year
Founded
2011

Corproate Structure

1984

2011

2017

Parent Company
IDEMIA

Burly Corporation

Krueger International
Ploeger Oxbo Group

Network Technology
IDEMIA

Samuel, Son & Co

2000

2008

1997

ALI Group

Wurth Group

Owner/Major Investor

Industry Sub-Sector
Security Technology

Furnishings
Furnishings
Furnishings
Furnishings
Furnishings
Furnishings
Furnishings

& Supplies
& Supplies
& Supplies
& Supplies
& Supplies
& Supplies
& Supplies

Furnishings & Supplies
Furnishings & Supplies

& Supplies
& Supplies
& Supplies
& Supplies
& Supplies
& Supplies
& Supplies

$450.1

$559.1
$265.7
$5,433.4
$4,500.0
$1,400.0

$290.0
$205.0

$915.2

$445.0
$15,375.0
$133.0

$120.4
$116.8

PIC Revenue
Only (Y/N)
Notes
N
Merged with Oberthur Technologies in
2017 to form OT-Morpho; Renamed
IDEMIA; 2010 financials prior to
acquisition
N
2015 financials
N
2015 financials
N
Acquired by Burly Corp in 1984
N
Financials converted from GBP
N
N
2014 EBITDA
N
Americas subsidiary generated an
estiamted $86 M in revenues in 2016
Y
Created as specialty subsidiary
N
Result of two mergers: Merger of Pixall
and Byron in 1998; merger of Oxbo and
Ploeger in 2011
N
2015 financials
N
N
N
Financials converted from EUR, 2013
financials
N
2015 financials; Financials converted
from EUR
N
2015 financials
N
N
2015 financials
N
N
Product brand
N
Merged with Oberthur Technologies in
2017 to form OT-Morpho; Renamed
IDEMIA
N
Created as specialty subsidiary
N
N
2015 financials
N
Acquired by Luke & Ortmeier in 2010;
2015 financials
N
N
2015 financials
N
N
Created as speciality subsidiary; 2014
financials
N
N
N
N
N
N
N
N
N
N

2015 financials
Acquired by ALI Group in 2008
2015 financials
Financials converted from EUR
Acquired by The Wurth Group in 1997
as Louis & Company and rebranded;
2013 financials

| 38

Tier 4 – Small Privately-Owned
Corporate Snapshot

Corporate Name
1st Choice Restaurant Equipment & Supply
3DA Display
3S Sports & Tactical Gear
4 Star Hose & Supply
4Bike-Police
555 International
A Rifkin Company
A&D Automatic Gate
A+ Security
A+ Technology Solutions
A-1 Fire And Safety Equipment
AAdvantage Laundry Systems
A-B Emblem
Abel Unlimited
Abner Henry Fine Furniture
AC Furniture
A-C Nutrition
Accel Plastics
Accredited Lock Supply
Accura Engineering and Consulting
Services
Accurate Controls
ACE Binding
Ace Mart Restaurant Supply Co
Acorn Engineering
ACS Group
Activar
Adamcik's Country Store
Adamson Police Products
Advanced Engineering Consultants
Advanced Secure Solutions
Advanced Systems Design
Advantage Chemical
Advent Systems
AE Nelson Leather
AE Security Group (dba AE of Ohio)
Aedec Pro Straints
Aerator Solutions
AF Potts Lumber Sales
Affinis
Aguila Ammunition
Ahi Enterprises
Air Louvers
Air Mechanical & Service Corp
Alamo Transformer Supply
AlarmSoft
Albright Steel & Wire & Columbus Metals
All A Board
All American Poly
All Power Generators
Allen Packaging
Allied Consultants
Allied Elite Textiles
Allied Foam Fabricators
Allied Protection Services
AllPoints Foodservice Parts & Supplies

HQ
Location
TX
MI
VA
TX
AR
IL
PA
CA
AK
NY
TX
TX
NC
FL
OH
VA
TX
WA
NJ
GA
WI
MD
TX
CA
WA
MN
TX
CA
OH
FL
FL
CA
IL
OR
OH
WA
IL
TN
KS
TX
TX
CA
FL
TX
VA
OK
VA
NJ
FL
CA
TX
GA
OK
CA
IL

Number of
Employees

Year
Founded
1971

Corproate Structure
Year Last
Acquired

Parent Company

1983
150

1987
1892
1976
1999
1971
1965
1951
1918
1977

75
1986
1974

410
1,100
500

56
135
60

1982
1941
1975
1954
1986
1947

1998
2005
1979
1994
1938

1985
1973
2002
1961
2010
1991
160
30

1982
1963
1980
1952

40
100

1979
2001
1982
1991

100

1991
1999

Activar

Owner/Major Investor

Business Sector
Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Industry Sub-Sector
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Technology
Security Technology
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
IT & Communcations

Last Reported Yr

Last Reported Yr

Security Technology
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Technology
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
IT & Communcations
Furnishings & Supplies
Security Technology
Furnishings & Supplies
Security Technology
Furnishings & Supplies
Security Technology
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Technology
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Technology
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Furnishings & Supplies

$18.0

$39.0

$36.0

$114.6
$122.3

$8.1
$21.9
$14.4

$5.0

$7.5

$24.0
$11.0

PIC Revenue
Only (Y/N)
N
N
N
N
Y
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
Y
N
N
N
N
N
N
Y
N
N
N
N
N
N
N
Y
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N

Notes

Acquired by Activar in 1991

| 39

Corporate Snapshot

Corporate Name
Allstar Packaging
Allstate Industrial
Alpha Safe & Vault
AlphaSix Corporation
Alta Industries
Alvin Equipment Co
AM Leonard
AMBICO
AmChar Wholesale
AmerCare Products
American Energy Restaurant Equipment
American Hotel Register
American Integrated Security Group (AISG)
American Medical Depot
American Panel
American Specialties
American Steel Products (aka Coastal Plain
Ventures)
American Tex-Chem Corporation
American Textile Systems (aka American
Paper Systems)
Ameriglo
Amerisochi
Amtec Less-Lethal Systems
Amundsen Equipment
Analysts
Anchortex
ANDE
Anemostat
Anglin Analystics
Anson Technology Company
Apex Aridyne Corp
Apex Industries
Apopka Beauty & Barber Supply
Apparel2000
Apple Industrial Supply
Apple Machine Supply
Applied Network Security
Applied Tactical Technologies
Aptan Corporation
Aqua-Aerobic Systems
Aquawing Ozone Laundry Systems
Arctic Food Equipment
Armament Systems & Procedures
Arnamy
Arrow Restaurant Equipment
Asel Art Supply
Ashby Associates Software
Ashley Worldwide
Aspect Technology & Equipment
AssetWorks
ATD Capitol
Athena Advanced Networks
Atlantic Coast Cotton
Atlantic Tactical
Atlantic Textiles
ATS Armor

HQ
Location
NJ
OH
VA
VA
CA
TX
OH
Canada
NY
SC
VA
IL
NY
FL
FL
NY
GA

Number of
Employees

CA
CA

85

17

110

30
995
130
180

GA
OH
FL
OK
GA
NJ
MA
CA
TX
China
NY
Canada
FL
MA
FL
FL
TX
NY
CA
IL
NH
MO
WI
FL
CA
TX
AZ
IN
TX
PA
PA
OR
VA
PA
AZ

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

1933

Industry Sub-Sector
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
IT & Communcations
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Technology
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies

2014
2010

Furnishings & Supplies
Furnishings & Supplies

$43.0

2001

Security Equipment
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Security Technology

N
N
N
N
N

Furnishings & Supplies
Security Technology
Furnishings & Supplies
Security Technology
Security Technology
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Technology
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
IT & Communcations
Furnishings & Supplies
Furnishings & Supplies
Security Technology
Furnishings & Supplies
Security Technology
Furnishings & Supplies
Furnishings & Supplies

N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N

Year
Founded

Corproate Structure
Year Last
Acquired

Parent Company

2006
2011
1980
1952
1885
1967
1987
1979
1865
2007
1993
1963

1996
1966

2013

ACS Group

1989
2016

200

70

1996
2011
1943
1961
1985
1998
1986
1984
2003
1985
1969
1993
1994
1976
2007
1980
1951
1999
1991
1991
1931
2010

160
1972
1993
2015

Achilles Technology
Solutions

Owner/Major Investor

Business Sector

IT & Communcations
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Security Equipment

$20.3

$58.0

$11.2
$950.0
$17.0
$55.0

$41.0

$35.0

PIC Revenue
Only (Y/N)
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
Y

Notes

N
N

N
N
Y
N
N

Acquired by ACS Group in 2013 for
$35 M

Recent merger of ATD-American,
AdirondackDirect, and Capitol Supply

Product brand

| 40

Corporate Snapshot

Corporate Name
Audio-Video Corp
Autoclear
Automation Displays
Automation Integrated
Avalon Eyewear
Avon Protection
Avtec
AW Direct
AW Enterprises
AW Gifford
Azure Photonics USA
B&C Technologies
B&E Communications
B&T AG
Bailey Boiler Works
Bailey's Firearms Country
Baker Distributing
Baker Feed & Country Store
Barbco (dba Rudy Love Distributing)
Barsco
Bass Computers
Bates Footwear
Bay Product Development
Bayco Products (dba Nightstick)
Baytech Supply
Bearaide
Belson Outdoors
Beltram Food Service Group
Belville Boot
Benelli
Benjamin Steel
Bennett Mirror Technologies (dba
Duravision Mirror Systems)
Ben's Uniforms
Berg Wholesale
Bergandi Machinery
Berkeley Varitronics Systems
Berry Dunn
Best Plumbing Specialties
Beyond 20/20
Big Sky Racks
Bigham Brothers
BIISCO
BINJ Laboratories
Biometric Signature ID
Birchwood Casey
Bird Tire Sales and Service
Blackinton
Blauer
Blodgett Market Forge
Blue Apple Technologies
Blue Guns
Boa Handcuff
Bob Allen Sportwear
Bob Barker
Bobcat of Dallas
Bolinds Solutions Services
Bond Arms Weaponary (Texas Armory)

HQ
Location
NY
NJ
WI
OK
NJ
MD
SC
WI
IL
MA
CA
FL
MS
Switzerland
TX
TX
FL
FL
OH
TX
TX
IN
WI
TX
TX
AZ
IL
FL
IL
Italy
OH
New Zealand
MA
OR
CA
NJ
ME
MD
Canada
MT
TX
TX
MA
TX
MN
TX
MA
MA
VT

Number of
Employees
100

Year
Founded
1946

Corproate Structure
Year Last
Acquired

1971
50
145

2003
1979
1962
1866
2000
2003
1976
1991
1956
2011
1945

90

50
40

280

40
33
312
110

1989
1934
2001
1885

1994
1985
1948
1973
1904
1967
1935
1949

315

1852
1936
1848

1989
1997
1997
163

1972
1997
1995

Owner/Major Investor

Industry Sub-Sector
Security Technology
Security Equipment
Furnishings & Supplies
Security Technology
Security Equipment
Security Equipment
IT & Communcations
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Security Technology
Security Technology
Furnishings & Supplies
IT & Communcations
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Security Technology
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies

1984
1928
1972
1974
1962
1995
1984
1933
1996
2007
1948

OH
FL
NY
NC
TX
OH
TX

Parent Company

Business Sector

Boyt Harness

IT & Communcations
Security Equipment
Security Equipment
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Equipment

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

$40.0

$25.5
$43.3

$25.0

$13.0
$40.4

$84.0

$36.4
$6.2
$57.6
$60.0

$63.8

$83.0

PIC Revenue
Only (Y/N)
N
N
N
N
N
N
N
N
N
N
N
N
Y
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
Y
N
N
N
N
N
N
N
N
N
N
Y
N
N
N

Notes

Merger of Blodgett and Market Forge in
2014
Product brand
Acquired by Boyt Harness in 1997

| 41

Corporate Snapshot

Corporate Name
BorderWare Technologies
Bosik Technologies
Boston Leather
Boyt Harness
BPS Inc
Bradford Industrial Supply
Bradley
Braly Builders Supply Company
Brazos Forest Products
Brenmar Construction
Brite Strike
Broadcastvison Entertainment
Brooking Industries
Brown Enterprise Solutions
Brown Manufacturing
Brownells Law Enforcement
Browning
Bruin Plastics Company
Brulin Holding Company

Bryan Freightliner
BSAI
Buckeye International
Bud Griffin
Buffalo Livestock Marketing
Buford Satelite Systems
Bulldog Cases & Vaults
Bulldog Tactical Equipment
Buller Fixture
Burch Fabrics
Burlington Industries
Business Machine Security (BMS)
Business Watch International
Bust A Cap
C&K Water Specialties
C&L Supply
Calico Industries
California Chair
California Paper Bag
California Veteran Supply
Cambro
Camela Medical
Cape Cod Systems
CAPRI Optics
Casco
Cason Enterprises Of North Florida
Casters of Amarillo
CDM Wireless
CEIA USA
Cell Command (formerly Try Safety First)
Cellebrite
Cellsecurity Limited
Central Poly Bag
Central Restaurant Products
Certifix Livescan
CF Stinson
Champion Seed
Chem Mark
Chemical Connection Company

HQ
Location
Canada
Canada
IL
IA
AR
OK
WI
TX
NY
OH
MA
CO
FL
OH
MI
IA
UT
RI
IN

TX
CA
MO
TX
TX
TX
VA
FL
NE
MI
NC
CA
FL
CA
TX
OK
MD
CA
CA
CA
AZ
MO
MA
NY
OH
FL
TX
NC
OH
GA
Israel
UK
NJ
IN
CA
MI
ID
UT
TX

Number of
Employees

30
30
590
120

9

Year
Founded
1989
1938
1901
2012
1963
1921
1969
2007
2006
1983
1986
2001
1979
1947

200
190

300

1964
1935

1975
1972
2003

27

1937
1904
1923
1982
1998
2007
2005
1954
1923
1996
2002
1951
1983

1959
1974

2007
2007
1988
1993
1981
65

1952
1942
1984

Corproate Structure
Year Last
Acquired

Parent Company

Owner/Major Investor

Business Sector

Industry Sub-Sector
Security Technology
Security Equipment
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
IT & Communcations
Furnishings & Supplies
Security Equipment
Security Equipment
Furnishings & Supplies
Furnishings & Supplies

Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
IT & Communcations
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
IT & Communcations
Security Equipment
Security Technology
Security Technology
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Technology
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

$13.0
$13.2
$161.1
$25.0

$32.0

$100.0
$95.0

$153.0

$38.8

$33.0

PIC Revenue
Only (Y/N)
N
N
N
N
N
N
N
N
N
N
N
N
Y
N
N
N
N
N
N

N
N
N
N
N
Y
N
N
N
N
N
N
Y
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
Y
N
Y
N
N
N
N
N
N
N

Notes

2013 financials
2015 financials

2015 financials
Merger of Brulin Consolidated and Patco
Food Safety in 2015; 2015 financials

Product brand

2015 financials

| 42

Corporate Snapshot

Corporate Name
ChemImage
Chemtick Coated Fabrics
Cherokee Building Materials of OKC
Chestnut Ridge Foam
Chillicothe Steel
Cias Elettronica
Cincinnati Ice
Ciscor
City Public Safety
CKitchen.com
Clampitt Paper
Clarke
Classic Medallics
Cleano
Clear Handbags & More
Club Tex
CM Security Group
Coast Enterprise
Cobmex
Cobra Systems
Coin Laundry Equipment
College Station Auto Parts
Colt Defense
Comade
Combined Systems
Combined Tactical Systems (CTS)
Commercial Design Services
Commercial Supply Distributors
CommSys Incorporated
Communications International
Companhia Brasileira de Cartuchos (CBC
Group)
Compressors Unlimited
Computer Wholesale Products Of America
ConAgra International Fertilizer
Conley Group
ConnectWise (formerly Quosal)
Conroe Wood Products
Container Supply
Continental Girbau
ConVault
Convergence Services
Convermat Corporation
Cook's Correctional
Cook's Direct
Cooper Consulting Company
Cop Plus
Cop Shop On Wheels, The
Cop Stop Uniform & Supply
CopperWatcher
Copquest
CopShop
Cornerstone Detention Products
Cornerstone Software Services
Correctional Electronics Supply
Corrections Products Company
CorrectionsOne
Corrigan Group, The
Corsicana Welding Supply

HQ
Location
PA
NY
OK
PA
OH
Italy
OH
OK
MA
NY
TX
AR
NY
CA
TN
NY
Canada
NY
OH
FL
TX
CT
CA
PA
PA
FL
PA
OH
FL
Brazil
TX
TX
GA
IA
FL
TX
OK
WI
VA
CO
NY
IL
IL
TX
NY
FL
TX
TX
CA
CT
AL
FL
GA
TX
TX
TX

Number of
Employees
85

130

Year
Founded
1994
1974
1984
1986
1992
1974

Corproate Structure
Year Last
Acquired

Parent Company

10
1982

280
40

1984
1941
1940
2012
2010
1993
1962
2006
1998
1997

20

237
237
96

1836
1991
1981
1981
1988

3,000

1989
1975
1926

20
40

1985
1990
1987
1987
1982
1997
1969
1995

50

30

1996
1976
1997
1997
1994
1925
2003
1999
2010

162

1998
2004
1982
1940
1954

OGS Technologies

Owner/Major Investor

Business Sector

Industry Sub-Sector
Security Technology
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Technology
Furnishings & Supplies
Security Technology
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
IT & Communcations
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Security Equipment
Security Equipment
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
IT & Communcations
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
IT & Communcations
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
IT & Communcations
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
IT & Communcations
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
IT & Communcations
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Furnishings & Supplies

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

$24.0

$21.0

$10.0

$170.0
$20.4

$122.0
$146.9
$146.9
$58.0

$187.1

$10.2
$19.6

$30.0
$22.1
$3.2

$36.9

PIC Revenue
Only (Y/N)
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
Y
N
N
N
N
Y
N
N
N
N
N
Y
N
N
N
N
N
N
N
Y
N
N
N
N
N
N
Y
Y
Y
N
Y
Y
Y
N
N

Notes
2015 financials

2015 financials

2015 financials

Financials converted from BRL; 2013
financials

Acquired by OGS Technologies in 2010

| 43

Corporate Snapshot

Corporate Name
Cortech
Cothern Computer Systems
CourtCall
CourtSmart Digital Systems
CP Bourg
CPR Savers & First Aid Supply
Craftmaster Hardware
Crawford Electric Supply
Crest Foodservice Equipment
Crews Electrical Testing
Crimsco Foodservice Equipment
Cross Current Corp
Crosswind Technologies
Cruisers Corp
CSI Technology Group
CTC Union Technologies
CTS Thompson (formerly Hiatt Thompson)
Currier McCabe & Associates (CMA)
Curtis Restaurant Supply & Equipment
Cusp Office Furniture
Custom Products Corp
Cyzap
D Cubed Technologies
DA Mid South Inc
DAC Technologies
DAF Products
Daimer Industries
Damascus Gear
Damon Farm & Ranch
Dana Safety Supply
Danbartex
Dansco Refrigeration
Dasco Pro
Data Comm For Business (DCB Inc)
Data Imaging & Associates
Data Video Systems
Datamaxx Applied Technologies
Dataworks Plus
David Welter Locksmith (dba Alexander
Tuttle Lock and Safe)
DB2 Services
De Santis
Dealers Electrical Supply
Delaware Electrical Contractors
Denim Group
Design Specialties
Designed Security Inc (DSI)
Designlab
Designs, Furnishings & Equipment
Detention Device Systems
DeWitt Seed Company
DF Sales TX
DGJD
DH Pace
Di Optical
Digital Management Solutions
Digital Supply International
Direct Resource
Diversatec Resources
Diverse Computing
Diversified Services

HQ
Location
IL
MS
CA
MA
MA
AZ
NJ
TX
VA
FL
WI
PA
CA
MI
NJ
Taiwan
IL
NY
OK
TX
MS
AZ
TX
TX
AR
NJ
MA
VT
TX
FL
NC
OK
IL
IL
NC
OK
FL
SC
PA
KS
NY
TX
DE
TX
CT
TX
SC
FL
CA
OK
TX
TX
OK
CA
NC
WI
OH
OH
FL
OH

Number of
Employees

30

17

Year
Founded
1993
1981
1995
1997
1969
2003
1951
1990
1984
2002

Corproate Structure
Year Last
Acquired

2007

Parent Company

Sonepar

1989

10
90

1990
1993
1988
1984
1946
1985
1992
1978
1990

1955
1964
2007
2013

30
70
75

1981
1973
1993
1991
2000

2009
711

1946

60

2001
1983
1982
1974
1985
1993
1991
1993
1926
1986

4

1989
2005
2001
1981

2010

Combined Systems

Owner/Major Investor

Business Sector

Industry Sub-Sector
Furnishings & Supplies
IT & Communcations
IT & Communcations
IT & Communcations
Furnishings & Supplies
Security Equipment
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
IT & Communcations
IT & Communcations
Furnishings & Supplies
IT & Communcations
Furnishings & Supplies
Security Equipment
IT & Communcations
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Technology
IT & Communcations
Security Equipment
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Technology
Security Technology
Security Technology
Security Equipment
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Security Technology
Security Technology
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
IT & Communcations
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
IT & Communcations
Furnishings & Supplies

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

$17.0

$13.9

$16.5
$37.0

$18.0
$13.0
$14.0

$11.7

$6.9

PIC Revenue
Only (Y/N)
N
N
Y
Y
N
N
N
N
N
N
Y
N
Y
Y
Y
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
Y
N
N
N
N
N
N
N
N
N
Y
N

Notes

Acquired by Sonepar in 2007

Acquired by Combined Systems in 2010

2015 financials
2015 financials

2015 financials

| 44

Corporate Snapshot

Corporate Name
Diversified Systems
Dodgen Mobile Technologies
Doggett Freightliner of South Texas
Doubletap Defense
Douglas Equipment
Douglas Industries (aka Douglas Weave
Appeal)
Dowtech Specialty Contractors
DRK Specialties
Dude Solutions
Dunlap Industries
Dutch Designs
Dynamic Imaging Systems
E Sam Jones Distributor
E&T Plastics
E.A.R. Inc
E/T Light (Emergency/Tactical Light)

HQ
Location
OH
IA
TX
OR
WV
NJ
TX
CA
NC
TN
OH
NJ
NJ
NY
CO
TX

Eagle Point Gun TJ Morris & Son
Ear Hugger Safety Products
Easter-Owens Electric
Edge Tactical Eyewear
Elbeco
Elite Equipment
Elite Textile Trading
Elmridge Protection Products
Elsons International
Emblem Enterprises
Endur ID
Ensco
Envases Universales
Environmental & Fueling Systems
Envisage Technologies
Epic Metals
E-Quip Security Solutions
Equipment Solutions

NJ
UT
CO
UT
PA
OK
CA
FL
OH
CA
NH
VA
Mexico
NY
IN
PA
MD
VA

EquipTactical
Ergonomic Comfort Design
E-Seek Incorporated
Esmet
Eten Technologies
E-valucon
Evelyn Earnest
Evolution ID Badge
Fabric Supply
Farmplast
FarmTek (dba TekSupply)
Federal Corporation
Federal Premium Ammunition
Federal Supply USA
FER Mediia (dba Foodservice Equipment
Reports)
Ferguson Security Solutions
Fiberesin Industries
Fibertech (aka Celstar)
Fibrix (formerly Polyester Fibers)
Fieldtex Products
Filtration Services
Fire Store Online

OH
CA
CA
OH
Taiwan
CA
NC
IL
MN
NJ
IA
OK
MN
IL
IL
OK
WI
OH
NC
NY
WI
FL

Number of
Employees
60

43

Year
Founded
1993
1977
2004
2010
1986
1954

Corproate Structure
Year Last
Acquired

Parent Company

2007
449

1999
1966
1993
1948
1946
1971
2010

80

1930
1995
1955
1998

100
1953
2014
2001
1984
50
2003
1969
1993

100

50

40
30

75
130
200

2001
1968
1999
2002

1993
1999
1933
1999

1998
1944
2007
1979
1918
1922
1931

2009
1946
1983
1968
1973
1998

Southwest Synergistic
Solutions

Owner/Major Investor

Business Sector

Industry Sub-Sector
IT & Communcations
IT & Communcations
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Technology
Furnishings & Supplies
Furnishings & Supplies
Security Technology
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Security Technology
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Technology
Security Technology
Furnishings & Supplies
Furnishings & Supplies
Security Technology
Furnishings & Supplies
Security Technology
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Security Technology
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

$9.9

$24.6

$46.1

$70.0

$23.4
$20.0

$29.5
$115.0

$24.0

$12.0

$19.6
$15.9

$18.0
$46.0
$55.7

PIC Revenue
Only (Y/N)
N
N
N
N
N
N
N
N
N
N
N
Y
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
Y
N
N
N

Notes

2015 financials

Product brand

2015 financials
Sister company: Hospitality Solutions
Group

N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N

| 45

Corporate Snapshot

Corporate Name
Firetron
Fisher Manufacturing
Fitness Systems Manufacturing Corp (dba
The Vitamin Outlet)
Five Star Auctioneers
Florida Detention Systems
FM Office Express
FMW Distributors
Focus Products Group International
Food Concepts
Forerunner Technologies
Form Plastics Company
Fouraker Electronics
Fox Labs
Franz Tool
Fred Clark Felt
French's Commercial Refrigeration
Frigelar North America
Frontier Equipment Sales
Frontline Public Safety Solutions
Fulterer
G.A. Braun
G2 Automated Technologies
Gabriel Group
Galaxy Army Navy Store
Gallagher Group

HQ
Location
TX
CA
PA
TX
FL
NY
TX
IL
WI
NY
IL
GA
MI
OK
TX
TX
TX
OK
IL
NC
NY
TX
MI
NY
United Kingdom

Garrett Metal Detectors
Gasaway
Gavin de Becker & Associates (dba Mosaic
Threat Assessment Systems)
GBEX
GC&E Systems Group
Geerpres
General Security Services Corp (GSSC)
Gentry Motor Parts
George A Keene
Georgia Tactical Supply
Geovox Security
GL Distributors
Glasspec Corporation
Gleeson
Glo Concepts
Global Justice Solutions
Global Shop Solutions
GlobalFlyte
Glock
Glory Foods (dba William F Williams
Company)
Gloves & Garments (dba Minarat Impex)
Go IT Services
Goes Sales of Texas
Gold Star Petroleum
Gordon Inc

TX
TX
CA

Pakistan
TX
TX
TX
LA

Gorgonz
Gould & Goodrich
Gradys dba Pueblo Hotel Supply
Green Mountain Knitting (dba Calko Group)

NC
CO
Canada

OH
GA
MI
MN
TX
NY
GA
TX
FL
FL
WA
VA
TX
OH
GA
OH

Number of
Employees
135
50

35
85
110
80
130

Year
Founded
1990
1936
1985
1987
1973
1995
1993
2001
1992
1989
1976
1992
1971
1953

1986

163

250

1967
1946
1999
1981
1951
1938
1964
1998

750

Year Last
Acquired

Parent Company

Owner/Major Investor

Business Sector

Industry Sub-Sector
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
IT & Communcations
Furnishings & Supplies
Security Equipment
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
IT & Communcations
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Security Technology
Furnishings & Supplies
Security Technology

250

1976

690

1981
1989

Furnishings & Supplies
IT & Communcations
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Security Technology
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
IT & Communcations
Security Technology
IT & Communcations
Security Equipment
Furnishings & Supplies

2000
1984
2001
1964

Furnishings & Supplies
IT & Communcations
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies

800

2010
1999
1935
1946

Corproate Structure

1947
2012
1998
1980
2013

140

50

1985
1942

Security Equipment
Security Equipment
Furnishings & Supplies
Furnishings & Supplies

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

$21.6
$13.0

$7.9
$36.1
$58.3
$13.0
$41.0

$48.9

$76.5
$36.1

$55.0

$43.5
$164.2

$8.7

PIC Revenue
Only (Y/N)
N
N
N
N
Y
N
N
N
N
N
N
N
N
N
N
N
N
N
Y
N
N
N
N
N
N
N
N
N
N
N
N
N
N
Y
N
N
Y
N
N
N
Y
N
N
N
N
N
N
N
N
N

$18.0

Notes

Financials converted from GBP; 2015
financials
2015 financials
Program - Mosaic Method

2015 financials

2015 financials

Operates using specialty division,
Gordon Security Systems

N
N
N
N

| 46

Corporate Snapshot

Corporate Name
Greg's Auto & Truck Parts
Grimco
G-S Company, The
GT Distributors
GT Industries of Oklahoma
GTBM
GTS Technology Solutions (formerly Austin
Ribbon & Computer Suppliers)
Guardian Outfitters
Guardian Uniform & Supply
Guidesoft
Gulf Coast Bag & Bagging
Guntersville Breathables (dba Frogg Toggs)
Hampden Engineering
Hampshire Construction & Associates
Hanes Industries
Harding
Harsh Duty
Hatch Industries
Havis
HB Plus Bandamatic
Health Care Equipment & Parts
Health Care Logistics
Health Care Products
Heavy Duty Bus Parts
HEC Software
Helblings Supply
Henderson Sewing Machine
Hendrick Manufacturing
Herculite
Heros Pride
Herstal Group, The
Hesco Sanitary Maintenance Supplies
Hess Advanced Technology
Hesselbein Tire Southwest
Hi Tech Systems
Hickory Brands
Highcom Security
Hill Country Electric Supply
HKS Speedloaders
Hlavinka Equipment, The
HMB
Hogue
Holly Sales & Service
Hope's Windows
Hornady
Hornady Ammunition (formerly Frontier
Ammunition)
Hornady Reloading Tools (formerly Pacific
Reloading Tools)
Houston Communications
Howard Fertilizer
Howard Technology Solutions
HSM Solutions
Humane Restraint
Hunton Distribution
Hunton Group, The
Huntsville Aviation
HWI Gear

HQ
Location
TX
MO
MD
TX
OK
NJ
TX

MA
IN
TX
AL
MA
TX
TX
Canada
Canada
PA
Mexico
NY
OH
OH
TX
CA
OH
AL
MA
PA
CA
Belgium
IL
OH
TX
UK
NC
OH
TX
TX
OH
NV
OK
NY
NE
NE

Number of
Employees

Year Last
Acquired

Parent Company

225
100

1928
1972
1991

89

1984

60
90

280

215

100
210

221

250
300

Hornady

Security Equipment

1977
1928
1980
1978
2005
1968
1964
1947
1968
1952
1954
1981
1889
1929
1997
1987
1998
1923
1997
1998
1939
1994
1968
1950
1912
1949
1964
1920

220

1978
1932
1968
1944
1876
1981
1981
2003

1971

Industry Sub-Sector
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
IT & Communcations
Security Technology

Hornady

1996
1954
2010
1969

300

Owner/Major Investor

Business Sector

Furnishings & Supplies
Furnishings & Supplies
IT & Communcations
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Technology
Furnishings & Supplies
Furnishings & Supplies
Security Technology
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
IT & Communcations
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
IT & Communcations
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Security Technology
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Security Equipment

1994

CA
TX
FL
MS
NC
WI
TX
TX
TX
CO

Year
Founded

Corproate Structure

Hunton Group, The

Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Equipment

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

$99.0
$56.0

$118.3

$13.2

$81.0

$148.0

$50.0

$26.0
$145.5

$47.9

$95.0

PIC Revenue
Only (Y/N)
Notes
N
N
N
N
2015 financials
N
Y
N
2015 financials
Y
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N

2015 financials

2015 financials
Created as specialty subsidiary
Acquired by Hornady in 1971 and
rebranded in 1983

$180.0

N
N
N
N
N
N
N
N
N

2015 financials

Created as specialty subsidiary

| 47

Corporate Snapshot

Corporate Name
Iberon
ICS Jail Supplies
ID Networks
Ident Solutions
IdentiSys
IDN
IFE GROUP (dba IFE Marketing Group)
Igus
Imager Software (dba ISC Cloud
Computing Services)
Imperial Fastner
Imperial Textile
Independent Forensics
Independent Hardware
Independent Technologies (dba Wintel)
Indiana Chair Frame
Industrial Shredders
Industrial Wielding & Tool Co
INID Smart Identification Solutions
Innovative Management & Technology
Approaches (IMTAS)
Innovative Management Concepts
Insinger Machine
Intapol Industries
Integrated Engineering
Integrated Facility Systems
Integrated Fire and Security Solutions
IntelliDyne
IntelliSit
Intensive Use Furniture
Intermountain Lock
International Restaurant Distributors
International Restaurant Equipment
Interstate Highway Sign
Irrigation Mart
ISecureTrac Corp
iVars
J D Hudgins
J Tech Sales
J Weiner & Co
J3 Digital Forensics
Jag Textile
Jamieson Manufacturing
Japonica Tactical
Java Holdings
JDS Industries
Jeffries Land & Cattle
Jersey Tactical
John R Wald
Johnson Plastics Plus
Johnson-Lancaster And Associates
Johnstone Supply
Jolly Technologies
Jones Fiber Products
Jones Metal Products, The
JonesZylon, The
Justice AV Solutions
Justice Packaging Corp
Justice Solutions
Kahr Firearms Group

HQ
Location
TX
TX
OH
UT
MN
IL
CA
Germany
FL
FL
NY
IL
PA
NE
IN
OH
OK
Netherlands
VA
VA
PA
NJ
Netherlands
FL
FL
NY
NC
NJ
UT
FL
CA
AR
LA
NE
WI
TX
FL
VA
NY
FL
TX
Pakistan
CA
SD
OK
NJ
PA
OK
FL
OR
CA
TN
OH
OH
KY
GA
TX
NY

Number of
Employees
30

66

Year
Founded
2007
1988
1984
2015
1999

Corproate Structure
Year Last
Acquired

Parent Company

2000
1964

1967
1998

160

50
140

330

9

1989
1935
1959
1998
2006
1998

1966
1984
1979
1959
1978
1983
2006
1908
1997
1911
2012
1943

300

1991
1973

121

1924
1970
1980
1953
2000
1936
1923
2014
1981

205

1994

20
300

Industry Sub-Sector
IT & Communcations
Furnishings & Supplies
Security Technology
Security Technology
Security Technology
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
IT & Communcations
Furnishings & Supplies
Furnishings & Supplies
Security Technology
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Technology
IT & Communcations

1970
1985
1984
1854
1996
2009
1994

400

Owner/Major Investor

Business Sector

Saeilo

IT & Communcations
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Security Technology
IT & Communcations
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Technology
Furnishings & Supplies
Security Equipment
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Technology
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
IT & Communcations
Furnishings & Supplies
IT & Communcations
Security Equipment

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

$17.7

$48.0

$8.3
$24.4

$53.0

$21.9

$100.0

$127.0

$115.5
$101.4

$20.0

PIC Revenue
Only (Y/N)
N
Y
Y
N
N
N
N
N
N

Notes

N
N
N
N
N
Y
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
Y
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
Y
Y
Y
N

Acquired by Corrisoft

2015 financials

2015 financials

Created as specialty subsidiary

| 48

Corporate Snapshot

Corporate Name
Kamran & Company
Kane Detention
Kane Innovations
KD Foods
Keating of Chicago
Kenall Lighting
Kenco
Keson
Kitchen Corps
Kitchen Resources (formerly Stepco
Restaurant & Supply)
Knuth Machinery
Koda Auto
K-O-K Products
Kriss
Kryptomax Detention Furniture

HQ
Location
CA
PA
PA
CA
IL
WI
NJ
IL
VA
TX
IL
IL
OH
CA
TX

L.E.A.D. TDS
La Costa Energy Efficiency Doors
LaCosta Data Services
Laguna 3P Manufacturing
Laser Cartridge Express
Lasko Products
Last Group Enterprises
Laundry Loops
Laundry Systems of Nevada
Law Enforcement Systems
Lawmen's & Shooters' Supply
LC Doane Company
LC Industries
LD Allen
LearnSafe
Leatherhead Special Entry Tools
Leatherman
Lehmans Pipe & Steel
Leico Geosystems

MI
CA
TX
NV
OH
PA
TX
MT
NV
TX
FL
CT
NC
NY
AL
IL
OR
TX
United Kingdom

Leonard Water Services
Leupold
Lewis-Smith Supply
Liberty Uniforms
Light Corp
Lincoln Electric
Linium
Linstar
LN Curtis & Sons
Lockridge Packaging
Logistic Systems (LogiSYS)
Lone Star Holdings
Longhorn International Trucks Ltd
Loops
Louroe Electronics
Lou's Police Distributors
LTI Group, The
Lubbock Truck Sales
Lufkin Rubber & Gasket
Lynn Peavey Company
M&E Manufacturing Company
Macdonald & Owen Lumber
Mag Instrument

TX
OR
AL
NY
MI
OH
NY
NY
CA
TX
MT
TX
TX
WA
CA
FL
MA
TX
TX
KS
NY
WI
CA

Number of
Employees

125
80

40

Year
Founded
1988
1978
1890

Corproate Structure
Year Last
Acquired

Parent Company
Kane Innovations

1931
1963
1978
1968
1997
1979
1923
2006
1976

70
1999

750

470
20

2010
1988
1992
1993
1906
1994
1992
1979
1978
1981
1947
1936
1945
2009
2007
1983
1966
1964

240

1957
1907
1974
1987
1987
1895
2000
1998
1929

210

1988
1990
1976

727

1979

75

1969
1990
1953

80
800

G2 Automated
Technologies

1968
1955

Dasco Pro

2015

IdentiSys

Owner/Major Investor

Business Sector

Industry Sub-Sector
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Other
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Security Equipment
Security Equipment
Security Technology
Security Equipment
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Security Technology
Security Technology
Security Equipment
Furnishings & Supplies
IT & Communcations
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

$29.3
$32.5
$23.0

$19.6

N
N
N
N
Y

$16.7

$56.4

$180.0
$51.6
$65.0

$107.2
$141.6
$230.6
$190.0

$19.0
$190.0

PIC Revenue
Only (Y/N)
Notes
N
Y
Created as specialty subsidiary
N
N
N
N
N
N
N
N

$3.1

Y
N
N
N
N
N
N
N
N
Y
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
Y
N
N
Y
N
Y
N
N
N
N
N
N
N

Product brand

Polygraph equipment

2015 financials

Product brand

Financials converted from GBP; 2014
financials

Acquired by IdentiSys in 2015

| 49

Corporate Snapshot

Corporate Name
Magpul
Magtech
Mandel Metals
Marathon Engineering Corporation (dba
Gold Metal Safety Padding)
Mark's Plumbing Parts
Mass Group
Master Pak
Mastermold
Mattress Makers
Maximum Detention Systems
Maximum Security Products
Max-Secure Institutional Furniture
Mayco Industries
Mayer Fabrics
McCourt Manufacturing
MDSolutions
Medical Equipment Sales (dba Sun Surgical
Supply)
MedTech Wristbands
Med-World Acquisition Corporation
Meek Mirrors
MegaMet Industries
Mergers Marketing
Metal Exchange
Metal Production Inc (MPI)
Metcraft Industries
Metro Flag
Metro Golf Cars
MFM Sensors
MG Industries
Miami Corporation, The
Micrologic Systems
Mid-Atlantic Telerad
Midway Auto Supply
Midwest Portland Detention Equipment and
Hardware
Millennium Access Control Technology
Miller Uniforms & Emblems
Mindcubed
Mine & Mill Supply Company
Mirg Corporation (dba Em Supply)
Mission Less Lethal Technologies
MMI Tag and Label
Mobile Medical International Corporation
Modern Detention Equipment
Moduform
Mohawk Finishing Products
Momentum Textiles (formerly Momentum
Group)
Monadnock
Monarch Coin and Security
Montana Leather
Morgan Bros Supply
Morse Watchmans
Mossberg Flex System
Motoport
MSE Worldwide
MTJ American
MTM Technologies

HQ
Location
TX
MN
IL
FL

Number of
Employees
140

TX
CA
NJ
WI
WA
FL
NY
CA
AL
IN
AR
OH
FL

140

FL
NY
AR
AL
CA
MO
KY
MO
NJ
TX
WA
ME
OH
TX
VA
TX
IL
NY
TX
VA
FL
OH
IN
PA
VT
OH
MA
NC
CA

60

Year
Founded
1999
1990
1968
1973

Corproate Structure
Year Last
Acquired

Parent Company
CBC Group

1999
1996
1987

70

1897
1983
2001
1980
1993
1961

50
850
110

2002
1974
1980
1968

45

1974

69

1923
1987

30

1976
1948

160

100
60

225

1903
1908
1980
1882
1919

1986

Financials
Annual
EBITDA ($Mn)

Industry Sub-Sector
Security Equipment
Security Equipment
Furnishings & Supplies
Furnishings & Supplies

Last Reported Yr

Last Reported Yr

Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies

$70.0

Furnishings & Supplies
Furnishings & Supplies
IT & Communcations
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies

1984
2009
1909
1986
1982
1994

150

Annual
Revenues ($Mn)

Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies

Safariland
KY
MY
FL
CT
CT
CA
TX
NC
IL

Owner/Major Investor

Business Sector

Kanders & Company

Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Security Equipment
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
IT & Communcations

$74.2
$15.0

$18.0

$13.0
$191.0
$28.6

$10.2

$11.7

$12.5

$13.5
$15.0
$19.0

$17.0
$17.4

$150.0

PIC Revenue
Only (Y/N)
N
N
Product brand
N
N

Notes

N
N
N
N
N
Y
Y
Y
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
Y
Y
N
N
N
N
N
N
N
Y
N
N
N
N
N
N
N
N
N
N
N
N
N

2015 financials

2015 financials

2015 financials
Acquisition history unknown

Went private in 2015; 2015 financials

| 50

Corporate Snapshot

Corporate Name
Mustang CAT
National Emblem Badge
National Target
Neese
Net PAC International
Neubus
New Age Industrial
New Star Lighting
New York Eye
Newcon Optik
Niche Technology
Nightingale
Ningbo Qianjin Metal Products
Noble
Nolans Office Products
Norix Furniture
Norix Group
Norshield Security Products
North American Arms (formerly Rocky
Mountain Arms)
North American Lubricants Company
North Shore Supply Company (dba North
Shore Steel)
Northgate Limited
Northwest Alarm Monitoring
Northwest Vet Supply
No-Shank
Nu-Vision Technologies
NYC Graphics (dba jailpens.com)
Ocala Winnelson
Odd Ball Industries
Officer Survival Solutions
Officers Only
OGS Technologies
OKC Tactical
Oklahoma Sporting Supplies
Oklahoma Upholstery Supply
Olek Belts (dba A. Olek & Son)
Oliver Packaging & Equipment (dba Oliver
Quality)
Olmsted-Kirk Paper
Omega Solutions International
Onix
OpenEye
OpenFox (Computer Projects of Illinois)
Opennetworks
Optimum Technology
Orbitech Satellite Services
Orca Arms
OYTO
Pacific Tool & Gauge
Package Concepts & Materials
Padded Surfaces
Palestine Cold Storage
Palma Trading
Palmtex
PanSaver Professional Solutions
Paragon Systems
Parisian Knitting Mills
PAS Systems International

Corproate Structure

HQ
Location
TX
CT
MD
LA
OH
TX
KS
IL
NY
Canada
GA
Canada
China
CA
TX
IL
IL
AL
UT

Number of
Employees
990

Year
Founded
1952

40

1967
1961

80
80
90
70

1983
1983
1981
1972

Industry Sub-Sector
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Security Technology
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
IT & Communcations
Furnishings & Supplies
Furnishings & Supplies
Security Technology
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Equipment

AZ
TX

10
440

1999
1955

Furnishings & Supplies
Furnishings & Supplies

1991
1984
1970

Furnishings & Supplies
Security Technology
Furnishings & Supplies
Furnishings & Supplies
IT & Communcations
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Security Equipment
Furnishings & Supplies
Security Equipment
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies

2003

140
210
110

175

TX
NY
OH
WA
IL
South Africa
OH
CT
CA
South Korea
OR
SC
IN
TX
CA
PA
VA
Canada
VA

2000
1966
1989
1978
1992
1992
1928

Parent Company
OGS Technologies

555 International

2012

FL
WA
OK
MI
MI
NY
FL
NY
CA
CT
OK
OK
OK
PA
MI

Year Last
Acquired

Business Sector

1984
1985

120

1960
2009
1999
1812
2013
1949
1890
1905

50
120
70
32

1992
1999
1989
1997
1994
1997
2001

75

1980
1996
2002
1956
1983
1968

Bob Barker

Owner/Major Investor

Furnishings & Supplies
IT & Communcations
IT & Communcations
Security Technology
IT & Communcations
IT & Communcations
Security Technology
Security Equipment
Security Equipment
Security Equipment
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Furnishings & Supplies

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

$19.2
$19.2
$31.5
$16.7

PIC Revenue
Only (Y/N)
N
N
N
N
N
N
N
N
N
N
N
N
N
Y
N
N
N
N
N

$15.4
$104.0

N
N

$78.0

$23.6
$28.0
$49.0
$14.0

$40.0

$31.2

$30.0
$13.0
$13.0
$10.0

$38.0

N
N
N
Y
N
N
N
Y
N
N
N
N
N
N
N
N
N
N
N
N
Y
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N

Notes
Acquired by OGS Technologies in 2003

2015 financials
Acquisition history unknown
2015 financials

Product brand

2015 financials

Alcohol detection devices

| 51

Corporate Snapshot

Corporate Name
Pasco Brokerage (dba Pasco Foodservice
Equipment)
Patwin Plastics
Paulson
Pearland Lumber
Pecinka Ferri
Peerless Handcuff
PelRay International
Pemica
Penn Arms
PepperBall
Perceptics
Perceptive Intelligence
Perfect Fit
Peters Tractor And Equipment
Phoenix Hardwood & Plywood
Phoenix Supply (aka TJ3 LLC)
Piedmont Communications
Pika International
Pine Valley Tactical
Pioneer Industries
Pioneer Steel And Pipe Company
Pipe Movers Inc (dba PMI Steel Pipe)
Plant Farm, The
Plascon Group
Plastex Products
Plastic Card Systems
Plastocon
Platinum Packaging Group, The
PM AM
Point Blank Enterprises
Polar King
Polarion Lights
PoliceOne
Pollock Investments
Port City Industrial Products
PortionPac Chemical Corp
Power Plus International
Precision Delta Companies
Precision Locker Company
Precision Rollform Technologies
Preferred Foodservice Design Supply
Prison Mowers
Prisoner Bench
Prisons Specialty Industrial (PSI)
Pro-Defense
Product World USA
Professional Distribution Center
Professional Plumbing Group
Progressive Technology
Pros Parts
QMF Steel
QSS Information Systems
Quality Metals
Quality Plumbing Parts
Quik Service Steel
R & B Fabricators
R & R Material Supply
RA Brown Ranch

HQ
Location
TX
NJ
CA
TX
NJ
MA
TX
FL
PA
IL
TN
LA
ME
TX
OK
MN
NC
TX
AZ
NJ
TX
TX
WA
MI
NJ
MA
WI
CA
TX
FL
IN
CT
TX
TX
IL
GA
MS
NY
NY
TX
TX
FL
MN
MT
VA
TX
SC
CA
NE
TX
OH
FL
FL
OK
OH
TX
TX

Number of
Employees

Year
Founded
1993

Corproate Structure
Year Last
Acquired

Parent Company

1971
1947
1952
1972
1914

170
80

1999
1989
1996
1979
2014

2009

Combined Systems

1984
2007
80
100
40
1943
100
51

200

80

1976
1999

1958
2006
2001
1975
1982
1999
1999
1918
1964
1993
1982
Precision Rollform
Technologies
1951

1985
2012
2006
390
50
1994
40

1941
1998
1976
1987

Owner/Major Investor

Business Sector

Industry Sub-Sector
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Security Equipment
Security Technology
IT & Communcations
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Technology
Security Equipment
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Security Technology
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
IT & Communcations
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

$44.2
$14.0

$21.0
$26.0
$24.0
$26.0
$20.8

$33.6

$80.0
$13.5

$14.0

PIC Revenue
Only (Y/N)
N
N
N
N
N
N
N
N
N
N
N
Y
Y
N
N
Y
N
N
N
N
N
N
N
N
N
N
Y
N
N
N
N
N
Y
N
N
N
N
N
N

Notes

Acquired by Combined Systems in 2009

2015 financials

2015 financials

2015 financials

Product brand

N
N
Y
Y
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N

| 52

Corporate Snapshot

Corporate Name
RADCA Co
Radians
Ragold Corp
Rainmaker
Ramco Laundry Machinery
Rapdom Tactical
Ray O'Herron
Raytex Fabrics
Razor Ribbon
Real Time Networks
Recio Supply
Recycled Systems Furniture
Redman Training Gear
Reece Supply
Reliable Parts
Reliable Products & Services
Reliable Solutions & Coatings
Remagen
Revent
Revision Military
Rhodes Bakery Equipment Company
Ridge Footwear
Ripoffs Brand Products
Ripp Restraints International
RLTCorp Software Development
Robinson Enterprises
Rochester Aluminum
Rocky
Roger L Elliott
Roma Leathers
Roots Group
Rosen's Uniform
Rothco
RR Brink Locking Systems
Ruiz Protective Service
Rush Truck Center
S & B Computer & Office Products
S & C Electric
S & H Uniform
Sabre
Saeilo
Saeilo Manufacturing Industries
Safe Restraints
Safety Flag
Safety Hander Restraints
Salient CRGT
Salvajor
Sam Tell Companies
Samuel Broome
San Diego Restaurant Supply
San-Aire Industries
Sanitech Systems
Sarasota Restaurant Equipment
Saunders Manufacturing
Savage Arms
SCCY Industries
Schaller Hardwood Lumber
Scott Rice

HQ
Location
PA
TN
FL
TX
CA
IL
NY
IL
Canada
OH
OH
FL
TX
WA
OH
IL
OH
NJ
VT
IL
FL
PA
FL
FL
CA
Canada
OH
OH
CA
Lebanon
NY
NY
IL
TX
TX
NY
IL
NY
MO
PA
MA
CA
RI
VA
MO
NY
NY
CA
TX
FL
FL
ME
MA
FL
MO
OK

Number of
Employees

Year
Founded

300

1997
1977

Corproate Structure
Year Last
Acquired

Parent Company

1986
70

1964
1899
1979

180
630
13

1982
1992
1984
1936
1933
2008

40
350

1961
1958
2001
1932
1996
U.S. Armor
1987
1997
1957
1932

220
75

170

1981
1996
1929
1953
1976
1983
1965
1989
1911
1969
1975
1981
1981
1996
1953

2,200

2015
1946
1956
1917
1958
1993

80

1946
1894
1998
1961
2005

Saeilo
Vogue Industries

Owner/Major Investor

Business Sector

Industry Sub-Sector
IT & Communcations
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Security Equipment
Furnishings & Supplies
Security Equipment
Security Technology
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Security Equipment
IT & Communcations
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Security Equipment
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
IT & Communcations
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Security Equipment
Furnishings & Supplies
Furnishings & Supplies

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

$51.0

$15.0

$76.0
$107.1
$7.3

$11.6
$81.2

$117.0
$21.0
$5.3

$27.0

$528.0

$20.8

PIC Revenue
Only (Y/N)
Notes
Y
N
N
N
N
N
N
N
N
N
N
N
Y
N
2015 financials
N
N
N
N
N
N
Financials converted from CAD; 2013
financials
N
N
N
Product brand
N
N
N
N
N
N
N
N
N
N
2015 financials
N
2015 financials
N
N
N
N
N
N
N
N
Created as specialty subsidiary
Y
N
Created as specialty subsidiary
Y
N
N
N
N
N
N
N
N
N
N
N
N
N

| 53

Corporate Snapshot

Corporate Name
Scovil & Sides Hardware
Seco Select
SECO-LARM
Securall Products
Secure Detention Products
Securitec One
Security Door Controls
Security PRO USA
Securtec
See All Industries
Selby Furniture
Service Steel & Pipe
Shanghai TongLi Information Technology
Sharps Compliance Inc
Shenzhen GoView Science and Technology
Shenzhen Qiaohua Industries
Shenzhen Topband Electronics &
Technology
Shi Government Solutions
Shoe Corp
Shoop & Sons
Shopbot Tools
Shoppa's Farm Supply
Shuford Yarns
Siedle Security Systems
Sierra Companies, The
Sigma Surveillance
Silencio
SingleSource IT
Sintelix
Sirchie
Sis California
Skeltons
Sky Resources
Skyline Equipment
Smiles Public Safety Store
Smith & Warren
Smith Office & Computer Supply
Solar America Solutions
Solar Supply
Solid Border
Sooner State Police K-9S
Sophisticated Systems
South Texas Boiler Industries
Southeastern Laundry Equipment
Southern Aquatic Fish
Southern Computer Warehouse
Southern Folger Detention Equipment
Southern Index
Southern Police Equipment
Southwest Microwave
Spacelink
Spartan Chemical
Spec Building Materials
Spec-Tex
SpectraRep
Spiewak

HQ
Location
OK
IN
CA
IN
CA
OH
CA
CA
LA
IL
NY
LA
China
TX
China

Number of
Employees

80

Year
Founded
1962
1927
1971
2007
1990
1972
1986
1984

20
1949
1975
2008
1994
2004

Corproate Structure
Year Last
Acquired

Parent Company

1999

Affinis

Owner/Major Investor

Business Sector

Industry Sub-Sector
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Security Technology
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
IT & Communcations
Furnishings & Supplies
Security Equipment

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

$19.2

$10.2

PIC Revenue
Only (Y/N)
Notes
N
N
Acquired by Affinis in 1999
N
N
Y
N
N
N
Y
N
N
N
N
N
N

China
China

1980

Furnishings & Supplies
Furnishings & Supplies

N
N

TX
AL
IL
NC
TX
NC
PA
CO
TX

1989
1950
1986
1996
1983
1880
1750
1995
2000

Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Security Technology
Security Technology
Security Equipment
IT & Communcations
IT & Communcations
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
IT & Communcations
Security Equipment
IT & Communcations
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Security Technology
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Technology
Furnishings & Supplies

N
Y
N
N
N
N
N
Y
N
N
N
N
N
N
N
N
N
Y
N
N
N
N
N
N
N
N
N
N
N
Y
N
Y
N
N
N
N
N
N
N

OH
Australia
NC
CA
OH
OH
TX
AR
KS
FL
IN
LA
TX
OK
OH
TX
GA
GA
GA
TX
GA
VA
AZ
South Korea
OH
OK
FL
VA

180
250

200

2008
1927
1954
1969

40

1925
1981
2009

200

61
70

175
30
170
350

2013
1990
2005
1976

1897
1988
1971
1971
2007
1956
1973
2000
1999
1904

$40.0
$153.0

$11.2
$106.0

$34.8
$37.1

$30.0
$18.0
$50.0
$180.0

2015 financials

2015 financials

2014 financials

2015 financials
2015 financials

Operates using specialty subsidiary,
Spiewak Uniform

| 54

Corporate Snapshot

Corporate Name
Square Scrub
SRT Supply
SSD International
Stabilicers
Stack-On
Stafford Smith
Stallion Leather
Staples Print Solutions
Star Linen & Hospitality Supply
Star Manufacturing
Star Poly Bag
State Narrow Fabrics
Statewide Machinery
Steck Products
Steelcell
Steele Canvas Basket Corp
Stellar Marketing
Steward Steel
Stewart & Stevenson
Stillwater Milling
STOPware
Stormin Norman's Optical Supplies
Stratton Hats
Streamlight
Strong Products
Stun-Cuff
Suidae Technology
Summit Integration Systems
Summus Industries
Sunburst Chemicals
Supergrit Abrasives
Superion (formerly SunGard Public Sector)
Superior Industrial Supply & Services
SureID (dba Fortior)
Surway Technology
Sweeper Metal Fabricators Corp
Swintec
SymbolArts
SYSPRO Impact Software
T Roberts Fabrics
Tabb Textile
Tac 1 Systems
Tact Squad
Tactical Assault Gear
Tactical Solutions
TacticalKlips
Tasco
Tat Jacket
TAW Global
Taylor AFS
Taylors Leatherwear
TC Communications
TD Marketing
Tech Mech Supply
Technology International
TekLink Security (dba SecurityMan)
Televate
Tem-Tex Solvents

HQ
Location
AR
FL
FL
ME
IL
MI
WI

Number of
Employees

Year
Founded

140

1991
1972
1940

Corproate Structure
Year Last
Acquired

2016
NJ
TN
NY
NY
NY
OH
GA
MA
FL
MO
TX
OK
CA
FL
IL
PA
MA
CO
IN
AZ
TX
MN
PA
FL
OH
OR
China
OK
NJ
UT
CA
FL
AL
ID
CA
NC
ID
KS
CA
MI
MD
TN
CA
NJ
PA
FL
Canada
VA
TX

60

30

140
140

70
250

24
120
5
140

Parent Company

Taylor Corporation/
Taylor Communications

1987
1921
1961
1985
1954
1946
2001
1921
1950
1902
1891
1997

1973
1932
2004
1986
1990
1997
1920
1978
1981
2001
1999

48
100
550

1986
1986
1995
1972
2001
2001
2002

15

30

1954
2007
2004
1959
1943
1991
1937
2003
1998
2001

2010

LC Industries

Owner/Major Investor

Business Sector
Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Industry Sub-Sector
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies

Last Reported Yr

Last Reported Yr

Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Security Technology
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
IT & Communcations
Furnishings & Supplies
Security Technology
Security Technology
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Technology
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Security Equipment
Security Equipment
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
IT & Communcations
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
IT & Communcations
IT & Communcations
Furnishings & Supplies

$30.6

$161.0

$14.7

$40.6
$44.4

$41.3
$67.5

$73.5
$65.0
$1.4

$7.9
$23.0
$80.7

$9.9

PIC Revenue
Only (Y/N)
Notes
N
Y
N
N
N
N
N
N
Acquired by Taylor Communications in
2016
N
N
N
N
N
N
N
N
N
N
N
N
2015 financials
N
N
N
N
2014 financials
N
Y
N
N
N
N
N
2012 financials
N
N
N
N
Y
N
N
N
2015 financials
N
N
N
N
N
Acquired by LC Industries in 2010
N
Y
N
N
N
N
N
N
N
N
N
N
N
N

| 55

Corporate Snapshot

Corporate Name
Ten8Tech
Texas Iron And Steel
Texas Restaurant Equipment Exchange
Texas Steam Equipment
Textile Tapes Corporation
Thermal Matrix
Thermo King
Tiburon Lockers
Tier One Partners Alliance
Time Access Systems
TimeKeeping Systems
TMS South
Today's Classroom
Tolson Uniforms
Tom & Judy's Public Safety Supplies &
Service
Tom Carlson Consulting
Topnos
Total Protection Systems
Trans Tel Central
Transportation Equipment Sales Corp (dba
TESCO)
Triactive America
Triple K
Tru-Spec
Trussbilt
TT Int'l HK Tech Limited
TUCS Equipment
TurtleSkin
Twin City Tactical
TydenBrooks (formerly EJ Brooks Company)
Ultra Source
Uncle Mikes
Uniform Market
UniNet Imaging
Unique Digital Technology
UniSafe Gloves
Unisource Office Parts
United Ag & Turf (formerly Coufal-Prater
Equipment)
United Fabrics
United Prison Equipment (UPE)
United Shield International
United Solutions Company
University Loft Company
URL Integration
US Armor
US Control Group
US Standard Sign
USA Datafax
Utility Refrigerator
UTSCH
V & V Manufacturing
Vance Outdoors
Vanguard Truck Centers
Vanu
Veterans4You

HQ
Location
NC
TX
TX
TX
NH
FL
TX
NJ
TX
BC
OH
SC
OH
FL
IL
VA
CA
TX
OK
OH

CA
CA
GA
SD
China
MN
NH
LA
MI
MO
KS
IL
CA
TX
NY
MI
TX
NJ
PA
England
MA
IN
CO
CA
CA
IL
TX
CA
Germany
OH
GA
MA
FL

Number of
Employees

Year
Founded
2011
1990

1938
2004
1999
50

85

100
35
90

170

85

1987
2007
1976
2010

1974
1937

2002
1946
1950
1926
2004
1985

2009
1883
1947
2005
1997
1986
1999

300
60

250

40

Corproate Structure
Year Last
Acquired

Parent Company

Owner/Major Investor

Business Sector

Industry Sub-Sector
IT & Communcations
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Technology
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Technology
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
IT & Communcations
Security Equipment
Furnishings & Supplies
Security Technology
Furnishings & Supplies

Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Security Equipment
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
IT & Communcations
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies

1992
1985
1931
1961
1980
1938
1989
1998

Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
IT & Communcations
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Security Technology

2011

Furnishings & Supplies

1984
2005
1919
1986
2002
1986

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

$26.5

$12.0

$23.0

$23.4

$50.0

$70.0

$141.0
$13.2

$75.0

$13.6

PIC Revenue
Only (Y/N)
N
N
N
N
N
N
N
N
N
N
N
N
N
N
Y
N
N
N
N
N

N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
Y
N
N
N
N
N
N
N
N
N
N
N
N
N
N

Notes

Operates using various local
subsidiaries, including Great Lakes
Coach

2015 financials

2015 financials
Electronic platform for uniform companies
2015 financials

Exclusive distribution agreement with
Securus

N

| 56

Corporate Snapshot

Corporate Name
VIA Seating
Vigital Technology
Viking Electronics
Viking Products
Viridian Weapon Technologies
Vitracoat America
Vogue Industries
Vohne Liche Kennels
Voice Analysis Technologies
Voss Lighting
Vulcan Signs
W&W Manufacturing
Walker County Hardware
Walther Arms
Ward Furniture
Warren Truck & Trailer
Warson Brands

Washington County Tractor
Waste Systems Equipment
Way Engineering
WE Falk Books
Weaks Martin Implement
Weaver Leather
Weinbrenner Shoe
Weisinger
Wesnic
Wesol Distribution
West Coast Magnum Shot
Western Detention
Westside Truck And Trailer Service
Wesvics
Wharton Tractor
Wigwam
Wilbur Enterprises
Wiley X
William Marvy
Williams Brothers Corporation of America
Williams Communications
Williams Feed Store
Willo Products
Willoughby Industries
Windham Weaponry
Winnelson Company
World Footbag
Wormeli Consulting
Wylie Implement
Yield Higher Ag Service
YL Group (dba American Sewing Supply)
Yuan High-Tech Development
Zabatt Power Systems
Zak Tool
Zoro

HQ
Location
NV
Hong Kong
WI
CA
MN
IN
RI
IN
WI
NE
AL
NY
TX
AR
TX
TX
MO

Number of
Employees

Year
Founded

50

2000
1969

70

2008
2000

TX
TX
TX
FL
TX
OH
WI
TX
FL
FL
IL
WA
TX
GA
TX
WI
FL
CA
MN
VA
FL
TX
AL
IN
ME
OK
CO
VA
TX
TX
NY
Taiwan
FL
CA
IL

150

Corproate Structure
Year Last
Acquired

Parent Company

1993
234

80

210

1939
1966
1974
1927
1908
2002
1988

1939
1975
1918
1945
1938
1973
1892

170
1983
1978

250

80

120

1976
1944
1905
1966
1987
1936
1991
1959
1979
1945
1947
2011
2006
1983
1964

1977
1982
2011

Hornady

Owner/Major Investor

Business Sector
Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Industry Sub-Sector
Furnishings & Supplies
Security Equipment
Security Equipment
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Security Technology
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies

Last Reported Yr

Last Reported Yr

Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
IT & Communcations
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Equipment
Furnishings & Supplies
Furnishings & Supplies
IT & Communcations
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies
Security Technology
Furnishings & Supplies
Furnishings & Supplies
Furnishings & Supplies

$68.0

$14.5

$25.0

$70.0

$48.0

$75.0
$25.0

$50.0

$31.2

$31.2

PIC Revenue
Only (Y/N)
Notes
N
N
N
Y
N
N
2015 financials
N
Holding company
N
N
N
N
N
N
N
N
N
N
Has license with The Rockport Company
to design, manufacture, and distribute
occupational uniform shoes
N
N
N
N
N
N
2015 financials
N
N
2015 financials
N
N
N
Acquisition history unknown
Y
N
N
N
N
N
N
N
N
N
N
Y
N
N
N
N
Y
N
N
N
N
N
N
N

| 57

Tier 1a – Publicly Traded – Targeted Correctional Exposure
Corporate Snapshot
HQ
Location
FL

Number of
Employees
4,500

Year
Founded
1975

IL

79,000

1931

NC

209,000

1998

Barclays

United Kingdom

79,900

1690

Blackrock

NY

13,900

1988

France

189,000

2000

Corporate Name
ACI Worldwide
Allstate
Bank of America

BNP Paribas
Canon Financial Services

NJ

Citigroup

NY

209,000

1812

RI

17,600

1828

NY
Japan

303
1,500

1986
1902

Citizens Financial Group (dba Citizens
Bank)
Cohen & Steers
Daiwa Securities

Corproate Structure
Year Last
Acquired

1979

Parent Company

Canon

DCS Advisory (formerly Signal Hill)

MD

2002

2017

Daiwa Securities

First Niagara Leasing

NY

1984

2016

Key Corp

GE Capital

CT

4,000

1932

General Electric

MA

313,000

1892

Genworth Financial

VA

3,500

2003

Global Payments

GA

10,000

2000

Goldman Sachs

NY

36,600

1869

Canada

23,300

1891

1969

1997

2015

Great-West Lifeco

Heartland Payment Systems
HSBC

OK
United Kingdom

234,629

1850

JP Morgan Chase Bank

NY

252,539

1799

Key Corp

OH

18,415

1825

Legg Mason

MD

3,338

1981

General Electric

Power Corp of
Canada/Power Financial
Corp
Global Payments

Owner/Major Investor

Business Sector
Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Industry Sub-Sector
Agency Payment
Processing
Corporate Investor

Last Reported Yr

Last Reported Yr

$1,024.2

$174.1

PIC Revenue
Only (Y/N)
N

$38,524.0

$4,474.0

N

Construction, Equipment, &
Acquisition Financing
Construction, Equipment, &
Acquisition Financing
Construction, Equipment, &
Acquisition Financing
Construction, Equipment, &
Acquisition Financing
Construction, Equipment, &
Acquisition Financing
Construction, Equipment, &
Acquisition Financing
Construction, Equipment, &
Acquisition Financing
Corporate Investor
Construction, Equipment, &
Acquisition Financing
Construction, Equipment, &
Acquisition Financing
Construction, Equipment, &
Acquisition Financing
Construction, Equipment, &
Acquisition Financing
Construction, Equipment, &
Acquisition Financing
Corporate Investor

$87,352.0

N

$29,295.6

N

Prisoner Money & Release
Cards
Construction, Equipment, &
Acquisition Financing
Corporate Investor

Prisoner Money & Release
Cards
Construction, Equipment, &
Acquisition Financing
Construction, Equipment, &
Acquisition Financing
Agency Payment
Processing
Corporate Investor

$12,491.0

$5,512.0

$53,088.0

Financials converted from EUR

N

Created as specialty subsidiary

$1,912.0

N

$9,070.0
$122,092.0
$8,295.0
$3,975.2

N
N

Financials converted from JPY

N

Acquired by Daiwa in 2017

N

Acquired by Key Corp in 2016 for $4.1
B
Created as specialty subsidiary

N
$7,157.0

N
N

$3,912.5

N

$36,176.9

N

N
$63,776.0

N

$99,624.0

N

$6,255.0

N
$502.5

Bonds held by subsidiary Genworth Life
Insurance

N

$32,073.0

$2,886.9

Financials converted from GBP

N

N

$161.9

Bonds held by subsidiary Allstate Life
Insurance

N

$71,449.0

$378.2
$5,795.1

Notes

N

Acquired by Power Corporation of
Canada in 1969; Financials converted
from CAD
Acquired by Global Payments in 2015 for
$4.3 B

Bonds held through proprietary investment
arm, Legg Mason Partners Fund

| 58

Corporate Snapshot

Corporate Name
Metropolitan Life Insurance Company
(MetLife)
Morgan Stanley

HQ
Location
NY

Number of
Employees
49,000

Year
Founded
1999

NY

57,633

1935

Year Last
Acquired

Parent Company

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Industry Sub-Sector
Corporate Investor

Last Reported Yr

Last Reported Yr

$62,308.0

PIC Revenue
Only (Y/N)
N

Construction, Equipment, &
Acquisition Financing
Prisoner Money & Release
Cards
Agency Payment
Processing
Corporate Investor

$37,945.0

N

Agency Payment
Processing

$135.7

TX

NIC (aka egov)

KS

950

1991

Sweden

31,596

2000

Official Payments Corp

GA

237

1994

Oppenheimer & Co

NY

2,992

1881

Corporate Investor

$920.3

N

PNC Bank

PA

52,906

1982

Agency Payment
Processing
Corporate Investor
Corporate Investor

$16,329.0

N

Power Corporation of Canada
Power Financial Corp

Canada
Canada

1925
1984

Putnam Investment Management

MA

1937

Regions Financial Group (dba Regions Bank)

AL

Royal Bank of Scotland
SEB Group

21,714

United Kingdom

ACI Worldwide

Power Corp of Canada

2007

Power Corp of
Canada/Power Financial
Corp/Great-West Lifeco

1973

SEI Investments
Skylight Financial

PA
GA

3,650

1968
1999

SunTrust

GA

23,785

1985

TD Bank

Canada

85,000

1955

NY

30,800

1853

GA

11,500

1983

Switzerland

61,253

1998

US Bancorp (dba US Bank)

MN

1968

Wells Fargo

CA

1852

Western Union
Wex (dba Wex Bank)

CO
ME

11,500
3,300

1851
1983

TSYS/Netspend

N
$336.5

$39,464.8
$38,406.1

$85.3

N

$9,469.0

N

$1.4

N

$1,043.0

Corporate Investor

Construction, Equipment, &
Acquisition Financing
Construction, Equipment, &
Acquisition Financing
Corporate Investor

1727
15,714

UBS

2013

1971

Sweden

Travelers Companies, The (dba Travelers
Indemnity Company)
TSYS

2013

Owner/Major Investor

Business Sector

Netspend

Nordea

1999

Corproate Structure

Corporate Investor
Prisoner Money & Release
Cards
Construction, Equipment, &
Acquisition Financing
Construction, Equipment, &
Acquisition Financing
Corporate Investor
Prisoner Money & Release
Cards
Corporate Investor
Construction, Equipment, &
Acquisition Financing
Construction, Equipment, &
Acquisition Financing
Prisoner Money Transfer
Agency Payment
Processing

N
N

N

Notes

Acquired by TSYS in 2013

Bonds held through asset management
arm, Nordea Investment Management;
EBIT not EBITDA
Acquired by ACI Worldwide in 2013 for
$109 M; 2012 financials prior to
acquisition
Bonds held through asset management
arm, Oppenheimer Funds

Financials converted from CAD
Created in 1984 as a holding company
for Great-West Lifeco; Financials
converted from CAD
Acquired by Great-West Lifeco in 2007
for $3.9 B

$3,540.0

N

$22,120.0

N

Financials converted from GBP

$5,069.5

N

Bonds held through asset management
arm, SEB Investment Management;
Finacials converted from SEK; EBIT not
EBITDA

$472.5

N
N

$1,526.6

$8,578.0

N

$34,315.0

N

$28,902.0

N

$4,928.0

N

Adjusted EBITDA

$30,811.0

N

Bonds held through asset management
arm, UBS Strategy Fund Management

$21,308.0

N

$84,497.0

N

$5,524.3
$1,250.5

$1,197.7

Acquired by Netspend in 2008 and then
by TSYS as part of Netspend in 2013

$736.3
$443.0

Y
N

| 59

Tier 1b – Publicly Traded – Other
No applicable entities

Tier 2 – Private Equity-Owned
Corporate Snapshot

Corporate Name
Access Corrections

HQ
Location
MO

GovPayNet

IN

JPay

FL

TouchPay

TX

Number of
Employees

Corproate Structure

Year
Founded
2007

Year Last
Acquired

1997
255

Business Sector

Owner/Major Investor
HIG Capital

Industry Sub-Sector
Prisoner Money Transfer

2018

Parent Company
TKC Holdings/Keefe
Group
Securus Technologies

Platinum Equity

2002

2015

Securus Technologies

Platinum Equity

Agency Payment
Processing
Prisoner Money Transfer

2004

2015

Global Tel Link (GTL)

American Securities

Prisoner Money Transfer

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

$70.4

$14.8

PIC Revenue
Only (Y/N)
Y
Product brand

Notes

Y

Acquired by Securus in 2018

Y

Acquired by Securus in 2015 for $250
M; 2014 financials prior to acquisition
Acquired by GTL in 2015

Y

Tier 3 – Large Privately-Owned
Corporate Snapshot

Corporate Name
Bankers Life & Casualty Company
Fidelity
Guggenheim Partners
HDR

HQ
Location
IL
MA
NY
NE

Macquarie Group

Australia

Number of
Employees
45,000
2,700
10,500

Year
Founded
1879
1946
2000
1917
1969

Corproate Structure
Year Last
Acquired

Business Sector
Annual
Revenues ($Mn)

Parent Company

Owner/Major Investor

Industry Sub-Sector
Last Reported Yr
Corporate Investor
Corporate Investor
$15,900.0
Corporate Investor
$5,258.6
Construction, Equipment, &
$1,927.6
Acquisition Financing
Corporate Investor
$10,364.0

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

PIC Revenue
Only (Y/N)
Notes
N
N
Assets under management - $2.4 T
N
N
N

Nationwide Mutual Insurance Company

OH

34,232

1925

Corporate Investor

$40,100.0

N

New York Life Insurance Company
Northwestern Mutual Life Insurance
Nuveen Investments
Sunrise Banks

NY
WI
IL
MN

11,563
5,500
1,219

1845
1857
1898
1962

$45,891.0
$28,200.0
$1,141.3

N
N
N
N

PA

14,000

1975

Corporate Investor
Corporate Investor
Corporate Investor
Prisoner Money & Release
Cards
Corporate Investor

$7,000.0

N

Vanguard Group

Bonds held through asset management
arm, Macquarie Investment Management
(formerly Delaware Investments);
Underwriting by capital market arm,
Macquarie Capital
Bonds also held by subsidiary
Nationwide Life Insurance

| 60

Tier 4 – Small Privately-Owned
Corporate Snapshot

Corporate Name
Advent Capital Management
Adventfs.com

HQ
Location
NY
KY

Number of
Employees

Year
Founded
1995
2006

Asurea Insurance Services
EZ Card & Kiosk
FHL Investments

CA
TX
TX

1994

First National Bank Of Huntsville

TX

1890

Gulf Coast Bank & Trust

LA

1883

Hotchkis & Wiley
Hunt Companies

CA
NY

Inmate Canteen
Inmate Financial Services of LA
Investors Group
Jail Advertising Network (formerly Partners
for A Safer America)
Livingston Securities
Mackenzie Financial Corporation (dba
Mackenzie Investments)
Microtronic US

Corproate Structure
Year Last
Acquired

Annual
Revenues ($Mn)
Parent Company

2013

61
20

1980
1947

LA
Canada

1926

ID

1999

1967

NC

1985

Owner/Major Investor

Industry Sub-Sector
Last Reported Yr
Corporate Investor
Agency Payment
Processing
Other
Prisoner Money Transfer
Construction, Equipment, &
Acquisition Financing
Construction, Equipment, &
Acquisition Financing
Construction, Equipment, &
Acquisition Financing
Corporate Investor
Construction, Equipment, &
$14.6
Acquisition Financing
Prisoner Money Transfer
Prisoner Money Transfer
Corporate Investor

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

PIC Revenue
Only (Y/N)
N
Y
N
Y
N

N
N
Y
Y
N

N
N

300
69

1984
2003
1999

Numi Financial
Pacific Investment Management Company
(PIMCO)
Payden & Rygel
Praxell

CA
CA

2,200

1971

Prisoner Money Transfer
Corporate Investor

Y
N

200

1983
1999

N
N

Rapid Financial Solutions
ReleasePay

UT
UT

Robeco Private Equity
Union Supply Group

NY
CA

Corporate Investor
Prisoner Money & Release
Cards
Prisoner Money Transfer
Prisoner Money & Release
Cards
Corporate Investor
Care Packages

2005
Rapid Financial Solutions
877
340

1929
1991

Bonds held through asset management
arm, IG Investment Management

Y

NC
TX
United Kingdom

CA
NY

Law enforcement retirement plans

N

Agency Payment
Processing
Prisoner Money Transfer
Other
Corporate Investor

Microtronic US
Montgomery Coscia Grelich
Muzinich & Co

Notes

N

Agency Payment
Processing
Construction, Equipment, &
Acquisition Financing
Corporate Investor

NY
Canada

Business Sector

N

$53.4
$68.2

$22.5

Y
N
N

N
Y
N
Y

Corporate insurance for Securus
Financials converted from GBP; 2015
financials

Product brand

Also engages in Rehabilitative Services Vocation/Industries (Prison Labor)

| 61

Tier 1a – Publicly Traded – Targeted Correctional Exposure
Corporate Snapshot

Corproate Structure

Business Sector
Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Industry Sub-Sector
Kitchen Equipment

Last Reported Yr

Last Reported Yr

Prisoner Food
Prisoner Food
Prisoner Food

$167.0
$57.3
$1,568.3

$254.5

Kitchen Equipment
Prisoner Food
Prisoner Food

$14,604.4
$1,162.0

Corporate Name
3Wire Group

HQ
Location
NJ

Number of
Employees

Year
Founded
2001

Year Last
Acquired
2008

Abimar Foods
ABL Management
AdvancePierre

TX
LA
OH

320
800
4,500

1992
1986
1946

2010
2015
2017

Parent Company
Berkshire
Hathaway/Marmon
Grupo Nutresa
Elior Group
Tyson Foods

APW Wyott
Aramark
A'Viands

TX
PA
MN

1983
1959
2003

2007

Standex

260,500
2,400

2013

Elior Group

Baxter Mfg

WA

Kitchen Equipment

Cains Foods

MA

1914

2013

Illinois Tool Works/ITW
Food Equipment
TreeHouse Foods

Canteen Vending Services

NC

1929

1994

Compass Group, The

Prisoner Food

Compass Group, The

1958
100

United Kingdom

550,000

1929

DowDuPont

DE

98,000

1802

Electrolux
Elior Group

Sweden
France

56,000
127,000

1919
1993

Global Food Industries (GFI)
Grindmaster-Cecilware

FL
KY

200

1995
2009

Grupo Nutresa
Hobart
Hoshizaki
ICare Gifts
ITW Food Equipment Group
Jackson WWS
LBC Bakery Equipment
Marmon Group

Colombia
OH
Japan
PA
OH
KY
WA
IL

45,600

13,080

1920
1897
1947
2006
1912
1925
2001
1953
1920

2017

2017

Electrolux

1995

Illinois Tool Works

2013
2008

2001

Owner/Major Investor

Prisoner Food

$1,316.3

$80.0

PIC Revenue
Only (Y/N)
Notes
N
Acquired by Berkshire Hathaway in
2007 as part of Marmon for $4.5 B
N
Acquired by Grupe Nutresa in 2010
Y
Acquired by Elior Group in 2015
N
Acquired by Tyson Foods in 2017 for
$4.2 B
N
Acquired by Standex in 2007 for $84 M
N
N
Acquired by Elior Group as part of
TrustHouse Services Group in 2013
N
Acquisition history unknown
N
N

Prisoner Food

$31,369.5

$2,145.0

N

Prisoner Food

$62,484.0

$16,166.0

N

Kitchen Equipment
Prisoner Food

$4,220.2
$7,899.1

$70.2
$653.1

N
N

Prisoner Food
Kitchen Equipment

$65.0

Aramark
Illinois Tool Works
Hoshizaki
Sinmag Equipment
Berkshire Hathaway

Prisoner Food
Kitchen Equipment
Kitchen Equipment
Care Packages
Kitchen Equipment
Kitchen Equipment
Kitchen Equipment
Kitchen Equipment

Compass Group, The

Prisoner Food

N
N

$2,860.4

$351.2

$2,652.8

$388.0

$2,123.0

$4,172.5

N
N
N
Y
N
N
N
N

Morrison Healthcare

GA

Performance Food Group

VA

14,000

1987

Commissary

$16,761.8

$337.1

N

Sinmag Equipment
Sodexo (formerly Kaylyx)
Sodexo Justice Services

Taiwan
France
France

1,200
427,000
6,264

1983
1966
1987

$4,614.0
$25,458.5
$820.4

$1,808.1

Sodexo

Kitchen Equipment
Prisoner Food
Prisoner Food

N
N
Y

$1,385.0

Solae

MO

1987

2012

DowDuPont

Prisoner Food

Somat

PA

1962

1999

Illinois Tool Works

Kitchen Equipment

N

N
N

Acquired by TreeHouse Foods in 2013
for $35 M; 2013 financials
Acquired by Compass Group in 1994
for $450 M
Operates using various specialty and
local subsidiaries; Financials converted
from GBP
Merger between Dow and DuPont in
2017 after antitrust approval; Pro forma
operating EBITDA
Financials converted from SEK
Financials converted from EUR; Adjusted
EBITDA
Merger of Grindmaster and Cecilware in
2009; Acquired by Electrolux in 2017
for $108 M
Financials converted from COP
Acquired by ITW in 1995
Financials converted from JPY
Product brand
Created as specialty subsidiary
Acquired by Hoshizaki in 2013
Acquired by Sinmag Equipment in 2008
Acquired by Berkshire Hathaway in
2007 for $4.5 B; 2015 financials
Acquired by Compass Group in 2001
for $563 M; healthcare food service
provider
Operates using various subsidiaries,
including Vistar
Financials converted from EUR
Created as specialty subsidiary;
Financials converted from EUR
Acquired by DuPont in 2012; Soy-protein
supplier; 2014 financials
Acquired by ITW in 1999

| 62

Corporate Snapshot
Year Last
Acquired

Parent Company

1999
2013

Illinois Tool Works
Elior Group

Business Sector
Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Industry Sub-Sector
Kitchen Equipment
Kitchen Equipment
Prisoner Food

Last Reported Yr

Last Reported Yr

$755.3

$85.3

Prisoner Food

$55,371.1

$2,987.0

HQ
Location
NH
CA
NM

Number of
Employees
5,500

Sysco

TX

66,500

1969

TreeHouse Foods
TrustHouse Services Group

IL
NC

13,489
9,000

2005
2008

Elior Group

Prisoner Food
Prisoner Food

$6,307.1
$450.0

($114.5)

2013

Tyson Foods
Valley

AR
MS

122,000
2,393

1935
1960

Elior Group

Prisoner Food
Prisoner Food

$38,260.0
$212.3

$3,692.0

2013

Vulcan

KY

1865

1999

Illinois Tool Works/ITW
Food Equipment

Corporate Name
Standex
Stero
Summit Food Service

Year
Founded
1975
1945
1969

Corproate Structure

Owner/Major Investor

Kitchen Equipment

PIC Revenue
Only (Y/N)
Notes
N
N
Acquired by ITW in 1999
Y
Acquired by Elior Group as part of
A'viands/TrustHouse Services Group in
2015
N
Operates using various local subsidiairies
N
N
N
N
N

Acquired by Elior Group in 2013; 2012
financials
Acquired by Elior Group as part of
TrustHouse Services Group in 2013
Acquired by ITW in 1999 as part of
Premark

Tier 1b – Publicly Traded – Other
Corporate Snapshot

Corporate Name
ADM Alliance Nutrition
Amazon
Barnes & Noble
Bimbo Bakeries USA
Coca Cola
Colgate Palmolive
Devro
Dover
Grupo Bimbo
Henkel
Illinois Tool Works
MOM Brands
Nissin Foods
PepsiCo
Post Holdings
Sun Products Corporation
Tootsie Roll Industries (dba TRI Sales Co and
TRI Sales Finance)
Unified Brands
Vistar

HQ
Location
IL
WA
NY
PA
GA
NY
United Kingdom
IL
Mexico
Germany
IL
MN

Number of
Employees
31,300
566,000
26,000
21,000
61,800
35,900
2,200
29,000
130,913
51,950
50,000

Japan
NY
MO
CT
IL

11,200
263,000
11,410
2,000

Year
Founded
1902
1994
1965
1994
1892
1806
1962
1955
1945
1876
1912
1919
1948
1898
1895
1975
1896

Corproate Structure
Year Last
Acquired

Parent Company

Grupo Bimbo

2015

2016

Post Holdings

Henkel AG

Owner/Major Investor

Business Sector
Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Industry Sub-Sector
Prisoner Food
Care Packages
Care Packages
Prisoner Food
Commissary
Commissary
Prisoner Food
Kitchen Equipment
Prisoner Food
Commissary
Kitchen Equipment
Commissary

Last Reported Yr

Last Reported Yr

$60,828.0
$177,866.0
$3,894.6
$100.0
$35,410.0
$15,454.0
$335.1
$7,830.4
$13,867.8
$24,635.7
$14,314.0

$2,533.0
$15,584.0
$172.2

Commissary
Vending Machines
Commissary
Commissary
Commissary

$4,659.7
$63,525.0
$5,225.8
$1,600.0
$519.3

GA

1907

1967

Dover

Kitchen Equipment

CO

2002

2008

Performance Food Group

Commissary

$8,761.0
$4,064.0
$38.4
$1,315.7
$1,611.4
$4,584.2
$3,956.0
$120.0
$433.5
$12,878.0
$869.9
$105.9

PIC Revenue
Only (Y/N)
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
Y

$3,003.6

$25.3

N

Notes

Created as regional subsidiary

Financials converted from GBP
Adjusted EBITDA
Financials converted from MXN
Financials converted from EUR
Acquired by Post Holdings for $1.15 B;
brand has been consolidated
Financials converted from JPY
Adjusted EBITDA
Acquired by Henkel in 2016 for $3.6 B

Operates using various specialty product
brands, in cluding PowerSoak
Merged with Performance Food Group
when owners, Blackstone and
Wellspring, acquired the company for
$1.3 B

| 63

Tier 2 – Private Equity-Owned
Corporate Snapshot

Corporate Name
Access Securepak
Barrel O'Fun Snack Foods

Corproate Structure

HQ
Location
MO

Number of
Employees

Year
Founded
1975

Year Last
Acquired

MN

700

1973

2015

Parent Company
TKC Holdings/Keefe
Group
Shearer's Snacks

Business Sector

Owner/Major Investor
HIG Capital

Industry Sub-Sector
Care Packages
Commissary

Sovos Brands

Ontario Teachers' Pension
Plan
Advent International

Good Source Solutions

Centerview
Partners/Kohlberg Kravis
Roberts and Co/Vestar
Capital Partners
Evergreen Pacific Partners

Prisoner Food

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

PIC Revenue
Only (Y/N)
Y
Product brand
N

Bottom Line Food Processors (dba Michael
Angelo's Gormet Foods)
Del Monte Foods

FL

300

1983

2017

CA

7,800

1886

2011

Dori Foods

VA

1979

2014

Good Source Solutions

CA

280

1989

2011

Evergreen Pacific Partners

Prisoner Food

$280.0

N

Harold Levinson Associates

NY

600

1977

2014

Commissary

$1,400.0

N

Keefe Group

MO

2,500

1960

2016

Palm Beach Capital
Partners
HIG Capital

Commissary

$1,000.0

Y

IL

997

1987

2016

Berkshire Partners/Summit
Partners

Kitchen Equipment

$310.3

N

Shearer's Snacks

OH

3,000

1974

2015

Commissary

$1,178.4

N

Skullcandy

UT

300

2003

2016

Ontario Teachers' Pension
Plan
Mill Road

Care Packages

$266.3

N

Sovos Brands
TKC Holdings

CA
MO

240
5,900

2017
2016

Advent International
HIG Capital

Prisoner Food
Prisoner Food

$100.8
$1,550.0

N
N

TriMark

MA

790

1998

2017

Centerbridge Partners

Kitchen Equipment

$1,513.0

N

FL

3,400

1990

2012

HIG Capital

Prisoner Food

$550.0

Y

1988

2016

Hamilton Robinson Capital

Kitchen Equipment

Parts Town

Trinity Services Group
Unifiller Systems

Canada

TKC Holdings

TKC Holdings

Notes

Aquired by Shearer's Snacks & OTPP in
2015
Acquired by Sovos Brands in 2017

Prisoner Food

$100.0

N

Prisoner Food

$2,300.0

N

Acquired by Centerview/Kohlberg Kravis
Roberts/Vestar in 2011 for $5,482 M

N

Acquired by Good Source Solutions in
2014
Acquired by Evergreen Pacific Partners in
2011; 2015 financials
Minority stake acquired by Palm Beach
Capital Partners in 2014
Acquired by TKC Holdings in 2016; Also
engages in prison telecom, case
management systems, release cards,
money transfer, and uses prison labor
Recapitalization led by Berkshire Partners
in 2016; Summit Partners remains
significant investment
Acquired by Ontario Teachers' Pension
Plan in 2015
Acquired in 2016 for $197 M; 2015
financials
formed by Advent International
Created as a holding company for Keefe
Group, Trinity Services upon acquisition
of Centric Group in 2016; Financials
represent the sum of Keefe and Trinity
Services, but omit unknown revenue for
Courtesy division
Operates through varoius specialty
subsidiaries, including TriMark SS Kemp;
Acquired by Centerbridge in 2017
Acquired by HIG in 2012 and folded
under TKC holdings; 2015 financials
Acquired by Hamilton Robinson Capital
Partners in 2016

N

| 64

Tier 3 – Large Privately-Owned
Corporate Snapshot

Corporate Name
Aladdin Temp-Rite
ALI Group
Alto-Shaam
AVI Food Systems
Blue Bell Creameries
Bradford Soap Works
Burlodge
Byrne Dairy
Cargill
CH Guenther & Son
Cream-O-Land Dairies
E.A. Sween Company (dba Deli Express)
Edlund
Food Services of America
Lincoln Provision
McKee
MEIKO
Michigan Turkey Producers
Pro-Health
Red Gold (dba Calfed Financial)
Scoular Company, The
Services Group of America (formerly
Stevedoring Services of America)
Tripifoods
True Manufacturing (dba True Food Service
Equipment)
Upstate Niagara Coop
Victory Refrigeration

HQ
Location
TN
Italy

Number of
Employees
250
10,000

Year
Founded
1908
1968

WI
OH
TX
RI
NC
NY
MN
TX
NJ
MN
VT
AZ

439
6,100
2,450
1,000
1,410
150,000
1,170
260
1,000
160
2,630

1955
1960
1907
1876
1990
1933
1865
1859
1943
1955
1928
1986

IL
TN
Germany

115
7,600
2,300

1918
1934
1927

MI
TX
IN
NE
AZ

620
380
1,400
1,200
3,600

1998
2005
1942
1892
1967

NY
MO

258
4,350

1911
1945

NY

380

2006

NC

1944

Corproate Structure
Year Last
Acquired
2002

1998

2010

Parent Company
ALI Group

Owner/Major Investor

ALI Group

ALI Group
Services Group of America

Oskar and Rosel Meier
Foundation

2008

ALI Group

Business Sector
Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Industry Sub-Sector
Kitchen Equipment
Kitchen Equipment

Last Reported Yr

Last Reported Yr

$51.0
$2,082.1

$330.1

Kitchen Equipment
Vending Machines
Prisoner Food
Commissary
Kitchen Equipment
Commissary
Prisoner Food
Prisoner Food
Prisoner Food
Commissary
Kitchen Equipment
Prisoner Food

$120.3
$650.0
$275.0
$510.0
$345.0
$107,200.0
$425.0
$274.3
$75.0
$2,630.0

PIC Revenue
Only (Y/N)
Notes
N
Acquired by ALI Group in 2002
N
Financials converted from EUR: 2014
financials
N
N
N
N
N
Acquired by ALI Group in 1998
N
N
N
2015 financials
N
N
N
Acquired by ALI Group in 2010
N
Merger of Pacific Robinson Co and Miller
Cascade
N
N
N
Financials converted from EUR

Prisoner Food
Commissary
Other

$202.0
$1,400.0
$394.8

Prisoner
Prisoner
Prisoner
Prisoner
Prisoner

$230.0
$257.0
$300.0
$4,700.0
$3,600.0

N
N
N
N
N

Commissary
Kitchen Equipment

$458.0
$1,300.0

N
N

Prisoner Food

$789.4

N

Food
Food
Food
Food
Food

Kitchen Equipment

N

Formed by the merger of Upstate Farms
Coop and Niagara Milk Coop
Acquired by ALI Group in 2008

Tier 4 – Small Privately-Owned
Corporate Snapshot

Corporate Name
7th Ave Roastery
A&S Commissaries
Ace Automatics
Adolph Foods
Advanced Commodities
Advantage Chemical
Affinis
All State Distributors Northeast
Allen Packaging
American Panel
Apex Food Group

HQ
Location
OK
GA
NY
CA
IL
CA
KS
NY
CA
FL
AK

Number of
Employees

Year
Founded

2003
1998
2002
40

1982
1963
2014

Corproate Structure
Year Last
Acquired

Parent Company

Owner/Major Investor

Business Sector

Industry Sub-Sector
Prisoner Food
Commissary
Vending Machines
Prisoner Food
Prisoner Food
Kitchen Equipment
Kitchen Equipment
Commissary
Kitchen Equipment
Kitchen Equipment
Prisoner Food

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

$5.0
$24.0

PIC Revenue
Only (Y/N)
N
Y
N
N
N
N
N
N
N
N
N

Notes

| 65

Corporate Snapshot

Corporate Name
Arrow Restaurant Equipment
Atkinson Candy
Atlantic Beverage Co (formerly JM
Catering)
Bake Crafters Food
Baron Spices
Benjamin Foods
Bernard Food Industries
Blend Tech
Blodgett Market Forge
Blue Spring Foods
Books To Inmates
Boulevard Produce
Brighton International Products
California Healthy Harvest
Cambro
Camela Medical
Care Supplies
Care-A-Cell
Carmines Bakery (dba The Father's Table)
Cashless Systems Inc (CSi)
CBI Associates (dba Caldwell Brokerage)
CBM Food Services
CBORD
CC Vending
Central Produce
Central Restaurant Products
Channel Fish Processing
Cheney Brothers
Chicago Meat Group
Chike Nutrition
Choose-Your-Gift by Bennett Brothers
Christian Bartels (CB) Enterprises
Churchfield Trading
Cincinnati Ice
CKitchen.com
Clark's Trading
Clements Food
Clipper Commodities
Colorado County Rice Mill
Commissary Support Services
Consolidated Poultry & Egg
Conway Wholesale
Cook's Correctional
Cook's Direct
Corinthian Foods (Formerly Waterway
Foods)
Correctional Cable TV
Correctional Nutrition Consultants
Creekwood Foods
Crest Foodservice Equipment
Crimsco Foodservice Equipment
Crossbar
Curtis Restaurant Supply & Equipment
Custom Ingredients
D&K Foods
Dansco Refrigeration
DCW Casings

HQ
Location
CA
TX
NJ
TN
MO
PA
IL
KS
VT
FL
MD
NY
NY
CA
AZ
MO
NY
KY
FL
NC
SD
NY
NY
ND
IN
MA
FL
IL
TX
IL
CA
CA
OH
NY
WI
OK
CA
CO
GA
TN
AR
IL
IL
GA

Number of
Employees
225

70
90

1990
1983
2007
1947
1999
1848

1980
1998
1951
1983

680

1998
1992

1,000

1995
1975
1989

70

110

1981
1934
1925
1990
2009
1958
1999
1999

10
1984
200

1952
1989
1994
1955
1996
1997
1997
2015

TX
OH
VA
WI
KY
OK
TX
CA
OK
NY

Year
Founded
1980
2010
1974

1995
17

10

1984
2013
1946
1985
2004
2013
1893

Corproate Structure
Year Last
Acquired

Parent Company

Owner/Major Investor

Business Sector

Industry Sub-Sector
Kitchen Equipment
Commissary
Prisoner Food
Prisoner Food
Prisoner Food
Prisoner Food
Prisoner Food
Prisoner Food
Kitchen Equipment
Prisoner Food
Care Packages
Prisoner Food
Prisoner Food
Prisoner Food
Kitchen Equipment
Kitchen Equipment
Commissary
Care Packages
Prisoner Food
Commissary
Commissary
Prisoner Food
Other
Vending Machines
Prisoner Food
Kitchen Equipment
Prisoner Food
Prisoner Food
Prisoner Food
Prisoner Food
Care Packages
Prisoner Food
Prisoner Food
Kitchen Equipment
Kitchen Equipment
Prisoner Food
Prisoner Food
Prisoner Food
Prisoner Food
Commissary
Prisoner Food
Prisoner Food
Prisoner Food
Kitchen Equipment
Prisoner Food
Commissary
Prisoner Food
Prisoner Food
Prisoner Food
Kitchen Equipment
Commissary
Kitchen Equipment
Prisoner Food
Prisoner Food
Kitchen Equipment
Prisoner Food

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

$40.0

$123.6
$29.0

$55.0

$11.2

$45.0

$10.0

$64.0

$22.1

$13.9

$16.5

PIC Revenue
Only (Y/N)
N
N
N
N
N
N
N
N
N
N
Y
N
N
N
N
N
N
Y
N
Y
N
N
N
N
N
N
N
N
N
N
N
Y
N
N
N
N
N
N
N
N
N
N
Y
N
N

Notes

Merger of Blodgett and Market Forge in
2014

2015 financials

2015 financials

Y
Y
N
N
Y
Y
N
N
N
N
N

| 66

Corporate Snapshot

Corporate Name
De Bedeto Foods
Design Specialties
Diversified Services
Don Lee Farms (formerly Goodman Foods)
Double 'D' International Food
Douglas Equipment
Drugstore Products
East Baking Company
Elements Food Group
Elwood International
EMA Foods
Emerling International Foods
Emma's Premium Services
Equipment Solutions
Essex Food Ingredients (dba Essex Grain
Products)
Export Packers Company
Express Commissary Services
Farmplast
FER Mediia (dba Foodservice Equipment
Reports)
FGM Frozen Foods
Fitzgerald Brothers Beverages
Flavorpros
Flayco
Florida Food Service
Flowers Baking Company of Houston
Food Concepts
Food Concepts
Food Exchange, The
Form Plastics Company
Fowler Vending
Fran San Meats
Frank Gargiulo & Son
Fresh Foods of California
Gabriel Group
Garber Farms
Genecco Produce
Gillette Creamery (dba Phyljohn Distributors)
Glazier Packing
Glens Falls Produce
Global Food Industries (GFI)
Global Foods LV
Global Net Logistics (dba GNL International
Foods)
Globe Casing
Goal Line Foods
Golden Krust
Golden Platter Foods
Golden State Care Packages
Gradys dba Pueblo Hotel Supply
GRC Wholesale
Growers Co-Operative Grape Juice
H Schrier
Harvest Farms
Hatch Industries
Helblings Supply
Hidden Valley Industries
Highland Beefalo Farms

HQ
Location
TX
CT
OH
CA
TX
WV
NJ
MA
CA
NY
Cyprus
NY
NJ
VA

Number of
Employees

43

Year
Founded

Parent Company

2003
1988
2002
1972

Canada
AR
NJ
IL

1937

NJ
MN
NY
NJ
CA
CO
TX
NY
NY
CA
Canada
OH
WI
VA

Year Last
Acquired

1983
1981
1982
1989
1986
1985
2004
2004

PA

TX
NY
PA
FL
FL
TX
TN
WI
CA
IL
OK
AL
NJ
CA
MI
LA
NY
NY
NY
NY
Fl
NV
TX

Corproate Structure

2007

40

90

80

2007
1857
1975
1948
2003
1980
1992
2012
1966
1995
1929

85
50

1981
1881
1933
1985
1903
1978
1995
2013

1,344

2001
1989
1989
1942

1986
1947
1977
1947
1980
1978

2006

Skidmore Sales &
Distributing

Owner/Major Investor

Business Sector

Industry Sub-Sector
Prisoner Food
Prisoner Food
Kitchen Equipment
Prisoner Food
Prisoner Food
Kitchen Equipment
Commissary
Prisoner Food
Prisoner Food
Prisoner Food
Prisoner Food
Prisoner Food
Care Packages
Kitchen Equipment

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

$24.6

Prisoner Food
Prisoner Food
Commissary
Kitchen Equipment
Kitchen Equipment
Prisoner Food
Commissary
Prisoner Food
Prisoner Food
Prisoner Food
Prisoner Food
Prisoner Food
Prisoner Food
Prisoner Food
Kitchen Equipment
Vending Machines
Prisoner Food
Prisoner Food
Prisoner Food
Kitchen Equipment
Prisoner Food
Commissary
Commissary
Commissary
Commissary
Other
Prisoner Food
Prisoner Food
Prisoner Food
Prisoner Food
Prisoner Food
Prisoner Food
Commissary
Other
Prisoner Food
Prisoner Food
Prisoner Food
Prisoner Food
Kitchen Equipment
Kitchen Equipment
Prisoner Food
Prisoner Food

$40.0

$90.0

$13.0

$50.0
$16.0

$74.8

PIC Revenue
Only (Y/N)
Notes
N
N
N
N
N
N
N
N
N
N
N
N
Y
N
Sister company: Hospitality Solutions
Group
N
Acquired by Skidmore Sales &
Distributing in 2006
N
Y
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
Y
N
N
N
N
N
N
N
N
N

| 67

Corporate Snapshot

Corporate Name
Highland Wholesale Foods
Horizon Sales of Minnesota
ICS Jail Supplies
IFE GROUP (dba IFE Marketing Group)
Insinger Machine
International Restaurant Equipment
Intersect USA
Jack L. Marcus
Java Holdings
Jay Bee Distributors
Jenmax Foods
Jenny Service
Jiffy Food Service
JNS Foods
Jones-Neitzel
JonesZylon, The
Just Right Packages
Kaiser Pickles
KAJ Foods
Kamran & Company
Karetas Foods
KD Foods
Keating of Chicago
Kimble's Commissary Services
Kitchen Corps
Kitchens To Go
Kurz & Co
La Costa Energy Efficiency Doors
LA Foods
Lady Ann Candy Co
Lakeside Food Sales
Legacy Commissary Services
Liberty Store
Love Corn
Majestic Spice
Major Products
Mansfield Pullet
Martens Farms
Martin Vending
Marvell Foods
Maxima Supply
McDaniel Supply
McNew's Produce
Meaty Meats
Medique Products
Mento Produce
Metropolitan Food Service
Michael Brown Sales Corp (dba MBSC)
Mid-States Services
Mike's Better Shoes
Milhelm Attea & Brothers
MJ Kellner
MJF Food Sales
Moten Company, The
Mountain/Service Distributors
Mullen Marketing
Music By Mail
My Carepack
National Food Group

HQ
Location
CA
MN
TX
CA
PA
CA
CA
WI
CA
NY
CA
NV
MI
FL
TX
OH
CA
OH
WI
CA
PA
CA
IL
GA
VA
IL
TX
CA
CA
RI
IL
NY
NJ
CA
NJ
MO
NY
FL
FL
MI
GA
TX
Canada
FL
NY
NY
CA
MO
NJ
NY
IL
MA
CA
NY
WI
NY
MI

Number of
Employees
60
30

80

20

Year
Founded
1999
1999
1988
2000
1935
1979
1997
1991
1991
1975
2000
1994

1946
2014

50

1920
2015
1988
1976

80

1931
1985
1997

40

1970
2010
1991
1956
1986

30

1917
1982
1951
1974
1914
2004
2008
1999

1991
1974
1956
1993
1970
1930
1920

72

1928
1966

95

1990

Corproate Structure
Year Last
Acquired

Parent Company

Owner/Major Investor

Business Sector

Industry Sub-Sector
Prisoner Food
Prisoner Food
Commissary
Kitchen Equipment
Kitchen Equipment
Kitchen Equipment
Prisoner Food
Commissary
Kitchen Equipment
Commissary
Prisoner Food
Commissary
Prisoner Food
Prisoner Food
Prisoner Food
Commissary
Commissary
Prisoner Food
Prisoner Food
Kitchen Equipment
Prisoner Food
Kitchen Equipment
Kitchen Equipment
Commissary
Kitchen Equipment
Other
Prisoner Food
Kitchen Equipment
Prisoner Food
Prisoner Food
Prisoner Food
Commissary
Commissary
Commissary
Prisoner Food
Prisoner Food
Prisoner Food
Prisoner Food
Vending Machines
Prisoner Food
Commissary
Commissary
Prisoner Food
Prisoner Food
Commissary
Prisoner Food
Prisoner Food
Prisoner Food
Commissary
Care Packages
Commissary
Prisoner Food
Prisoner Food
Prisoner Food
Commissary
Prisoner Food
Commissary
Care Packages
Prisoner Food

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

$49.2
$17.7

$30.0

$20.0

$29.3

$23.0

$40.0
$71.0

$12.0

$42.5

$113.4

PIC Revenue
Only (Y/N)
Notes
N
N
Y
N
N
N
N
Y
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
Y
N
N
N
N
N
N
N
Y
N
N
N
N
N
N
N
N
Y
Y
N
N
N
N
N
2013 financials
N
N
N
N
N
N
N
N
2015 financials
N
Y
Y
N

| 68

Corporate Snapshot

Corporate Name
National Food Trading Corp (dba National
Cortina)
National Vitamin
New Age Industrial
New England Food Brokerage
New-New Stuff
Niel Jones Food Company
North Country Candy & Tobacco
North Shore Bottling Company
North Star Imports
NYC Graphics (dba jailpens.com)
NYS Inmate Packages
Oasis Commissary Services
Oasis Refreshment Systems
Oliver Packaging & Equipment (dba Oliver
Quality)
Opportunity Sales
Osborn Brothers
Outside Inside Connection, The
Palmetto Food Service
PanSaver Professional Solutions
Pecinka Ferri
Perry's Ice Cream
Plastocon
Platinum Packaging Group, The
Polar King
Prestige Services
Proffer Wholesale Produce
Protective Health Systems
Rainmaker
Reliable Brothers
Reo Spice & Seasoning
Revent
Rhodes Bakery Equipment Company
River City Produce Company
Robbins Sales Co
Robbins Sales Company
Roger L Elliott
Royal Food Import
Royal Pacific International Tea
S & B Computer & Office Products
Salvajor
Sam Tell Companies
San Diego Restaurant Supply
San-Aire Industries
Sea Breeze Syrups
Seafood Dimensions International
Seco Select
Seenergy Foods
Shamrock Meats
Shapiro Gilman Shankler
Shaver Foods
Signature
Simco Foods
Sirmon Produce
Skidmore Sales & Distributing
Smith Packing Company
Smithfoods
Snackbox USA
Spike's Produce

HQ
Location
NJ

Number of
Employees
20

AZ
KS
MA
CA
WA
NY
NY
MN
NY
NY
GA
FL
MI

320
210

FL
AL
GA
PA
NJ
NY
WI
CA
IN
NY
MO
IA
FL
NY
TX
NJ
IL
TX
NY
NY
OH
MA
AZ
NY
MO
NY
CA
TX
NJ
CA
IN
Canada
AZ
CA
AR
KY
CA
AL
OH
NY
OH
MN
CA

500

Year
Founded
1958

Corproate Structure
Year Last
Acquired

Parent Company

1966
2015
1915
1937
2010
1985

190

45

1994
1994
1890
1998
1947

20

420

1956
1972
1918
1958
2006
1982

420
1964

40
95

1935
1990
1958
1932
1981
1988

2001

30
70

1989
1946
1956
1958
1993
1925
2003
1927
1994
1922
1907
1950
1991

50
230

1963
1911
1909
2015
1983

1999

Affinis

Owner/Major Investor

Business Sector
Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Industry Sub-Sector
Prisoner Food

Last Reported Yr

Last Reported Yr

Commissary
Prisoner Food
Prisoner Food
Care Packages
Prisoner Food
Commissary
Commissary
Prisoner Food
Commissary
Care Packages
Commissary
Vending Machines
Kitchen Equipment

$70.0
$49.0

Prisoner Food
Prisoner Food
Care Packages
Prisoner Food
Kitchen Equipment
Kitchen Equipment
Commissary
Kitchen Equipment
Kitchen Equipment
Kitchen Equipment
Vending Machines
Prisoner Food
Other
Prisoner Food
Prisoner Food
Prisoner Food
Kitchen Equipment
Kitchen Equipment
Prisoner Food
Prisoner Food
Prisoner Food
Kitchen Equipment
Prisoner Food
Prisoner Food
Commissary
Kitchen Equipment
Kitchen Equipment
Kitchen Equipment
Kitchen Equipment
Prisoner Food
Prisoner Food
Kitchen Equipment
Prisoner Food
Prisoner Food
Prisoner Food
Prisoner Food
Other
Prisoner Food
Prisoner Food
Prisoner Food
Prisoner Food
Prisoner Food
Care Packages
Prisoner Food

$20.0

$190.0
$4.0

$20.0

$91.6

$34.0
$89.0

$11.6
$34.0

$34.8
$70.0

$39.5
$140.0

PIC Revenue
Only (Y/N)
N
N
N
N
Y
N
N
N
N
N
Y
Y
N
N
N
N
Y
N
N
N
N
Y
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N

Notes

2015 financials

Acquired by Affinis in 1999

2015 financials

| 69

Corporate Snapshot

Corporate Name
Stacy Williams Co
Star Foods
Star Manufacturing
State Shops NY
Stellar Services
Sudano's Produce
Sunrise Juice
Superior Foods
Swintec
Taste 'N Tell International
Taylor AFS
TD Marketing
Tech Friends
Texas Tito's
Three Square Market
Tigg's Canteen Services
TLF Graphics
TUCS Equipment
TurnKey Corrections
TWT Distributing
Ultra Source
Union Supply Group
Unipack
United Dairy
Universal Protein Supplements
Utility Refrigerator
Variety Foods
Village Distributors
VME Distributors
Walkenhorst's
Western Veg Produce
Weststar Food
Whaley Parts & Supply
Wholesale Candy Shop, The (dba Donohue
& Higgins Candy & Tobacco)
William George Company
William Rosenstein & Sons
Wisconsin's Finest

HQ
Location
AL
OH
TN
NY
WI
MD
Canada
MI
NJ
TX
MD
NJ
AR
TX
WI
MI
NY
MN
WI
NC
MO
CA
PA
OH
NJ
CA
MI
NJ
NY
CA
CA
TX
SC
NY
TX
PA
WI

Number of
Employees

Year
Founded
1923
1983
1921
2001
2002

170

15

1986
2013
1959
1937
2011
1998

170
340

1990
1980
1985
1998
1993
1883
1991

130

1981
1954

200

1931
1928

114
35
125

80
30

Corproate Structure
Year Last
Acquired

Parent Company

Owner/Major Investor

Business Sector

Industry Sub-Sector
Commissary
Prisoner Food
Kitchen Equipment
Care Packages
Commissary
Prisoner Food
Prisoner Food
Prisoner Food
Commissary
Prisoner Food
Kitchen Equipment
Kitchen Equipment
Commissary
Prisoner Food
Commissary
Prisoner Food
Prisoner Food
Kitchen Equipment
Commissary
Commissary
Kitchen Equipment
Commissary

1994
2003
1944
1975

Commissary
Prisoner Food
Commissary
Kitchen Equipment
Prisoner Food
Commissary
Commissary
Commissary
Prisoner Food
Prisoner Food
Other
Commissary

1932
1930
1986

Prisoner Food
Prisoner Food
Prisoner Food

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

$86.7

$19.7
$10.6
$50.0

$177.0

$16.0

$80.0
$30.0

PIC Revenue
Only (Y/N)
Notes
N
N
N
Y
Y
N
N
N
N
N
N
N
Y
N
N
Y
N
N
Y
N
N
2015 financials
Y
Also engages in Rehabilitative Services Vocation/Industries (Prison Labor)
N
N
N
N
N
N
N
Y
N
N
N
N
N
N
N

| 70

Tier 1a – Publicly Traded – Targeted Correctional Exposure
Corporate Snapshot

Corporate Name
Abbott Laboratories
Acadia Healthcare

HQ
Location
IL
TN

AcariaHealth

FL

Accredo

TN

Adcare Recovery Services

MA

Alere

MA

Number of
Employees
99,000
40,600

Year
Founded
1900
2005

Corproate Structure
Year Last
Acquired

Business Sector
Annual
Revenues ($Mn)

Parent Company

Owner/Major Investor

Industry Sub-Sector
Last Reported Yr
Other
$27,390.0
Substance Abuse Treatment
$2,877.2

Financials
Annual
EBITDA ($Mn)

Last Reported Yr
$4,747.0
$379.8

PIC Revenue
Only (Y/N)
N
N

2013

Centene

Pharmacy

1996

2012

Pharmacy

$1,516.9

1975

2018

Cigna Corp/Express
Scripts
AAC Holdings

Substance Abuse Treatment

$54.0

9,700

1991

2017

Abbott Laboratories

Other

$2,376.3

$300.3

N

Ireland
TN

2,000
2,100

1987
2007

Pharmacy
Substance Abuse Treatment

$903.4
$317.6

$246.4
$38.5

N
N

FL

3,979

2010

Other

$752.3

$114.8

N

Amerisource Bergen Drug Corp
AMN Healthcare
Anda
Anthem
Baxter
Bellco Drug Corp

PA
CA
FL
IN
IL
NY

20,000
2,980
650
56,000
47,000

1871
1985
1992
2001
1931
1955

$153,143.8
$1,988.5
$1,000.0
$90,039.4
$10,561.0
$2,000.0

$1,457.9
$244.7

Amerisource Bergen

Pharmacy
Medical Healthcare
Pharmacy
Medical Healthcare
Medical Healthcare
Pharmacy

N
N
N
N
N
N

Bio Rad Laboratories
Bio-Reference Laboratories

CA
NJ

8,250
4,347

1952
1981

OPKO

Other
Other

$2,068.2
$832.3

$196.1
$108.6

N
N

Bristol-Myers Squibb
Cardinal Health
CareerStaff

NY
OH
TX

23,700
50,000

1887
1971
1989

$20,776.0
$129,976.0

$5,920.0
$2,837.0

Genesis Healthcare

Pharmacy
Pharmacy
Medical Healthcare

N
N
N

Centene

MO

33,700

Pharmacy

$48,382.0

Centurion

VA

Alkermes
American Addiction Centers (dba AAC
Holdings)
AmeriPath

2,491

2007

2016

2015

2012

Quest Diagnostics

Teva Pharmaceuticals

1984

2013

Centene

N

$150.8

N
N

$77,500.5
$2,019.0

$1,560.0

Mental Healthcare

N

Y

Cigna
Community Health Systems
Compass Group, The

CT
TN
United Kingdom

46,000
95,000
550,000

1981
1986
1929

Pharmacy
Medical Healthcare
Other

$41,616.0
$18,398.0
$31,369.5

$4,172.0
($1,017.0)
$2,145.0

N
N
N

CompuMed
Cross Country Healthcare
Cross Country Staffing

CA
FL
FL

10
1,800

1986
1996
1986

Other
Third Party Staffing
Third Party Staffing

$2.3
$865.0

$0.2
$21.9

N
N
N

Cross Country Healthcare

Notes

Acquired by Centene in 2013 for $152
M; Engages in part through subsidiary
Foundation Care
Acquired by Express Scripts as part of
Medco in 2012 for $29 B
Acquired by AAC Holdings in 2018 for
$85 M
Acquired by Abbott in 2017 for $5.8 B;
Operates using a specialty subsidiary
directed at government, Redwood
Toxicology
Adjusted EBITDA
Acquired by Quest Diagnostics in 2007
for $2 B

Acquired by Teva in 2016 for $500 M

Acquired by Amerisource Bergen in 2008
for $190 M
Acquired by OPKO in 2015 for $1.47 B;
2014 financials prior to acquisition

Acquired by Genesis as part of Sun
Healthcare in 2012 for $217 M;
Telemedicine
Engages through various specialty
subsidiary, including Centurion, MHM,
Health Net, and Acaria Health
Originally a JV between Centene and
MHM Services; Fully acquired by
Centene in 2018
Adjusted EBITDA
Operates using various specialty and
local subsidiaries; Financials converted
from GBP

Created as specialty subsidiary

| 71

Corporate Snapshot

Corproate Structure

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Industry Sub-Sector
Other

Last Reported Yr

Last Reported Yr

Medical Healthcare

$10,876.6

$2,372.7

Pharmacy
Mental Healthcare
Pharmacy
Ambulance Services

$4,485.2

$74.6

$100,064.6
$1,358.9

$7,296.0
$127.7

HQ
Location
PA

Number of
Employees
8,500

Year
Founded
1991

DaVita

CO

70,800

1999

Diplomat Pharmacy
EP Horizon Management
Express Scripts
First Transit (formerly American
Transportation Enterprises)
FirstGroup
Foundation Care

MI
OK
MO
OH

2,419

1975
2009
1986
1955

2018
1999

CoreCivic
Cigna
FirstGroup

AcariaHealth/Centene

Ambulance Services
Pharmacy

$8,027.7
$55.0

$975.0

2017

Medical Healthcare
Medical Records Systems

$21,874.3
$19,116.0

$3,810.5

General Electric

$122,092.0
$5,373.7
$26,107.0
$41,958.5

$7,157.0
($214.4)
$15,410.0
$8,352.5

$1,052.4

Corporate Name
Crothall Healthcare

26,600

United Kingdom
MO

100,000
245

1995
2004

Germany
IL

114,000
52,000

1996
1994

CA
MA
PA
CA
United Kingdom
CA
DE

15,000
313,000
68,700
10,000
98,462

1976
1892
1985
1987
1924
1990
1996

Henry Schein
Just Care

NY
SC

22,000

Kinray

NY

Laboratory Corporation of America (dba
LabCorp)
McKesson

Medical Doctor Associates

GA

Medical Staffing Network

FL

Fresenius Medical Care
GE Healthcare
Genentech
General Electric
Genesis Healthcare
Gilead Sciences
GlaxoSmithKline
Health Net
HealthCore

Year Last
Acquired
2001

Business Sector

Roche

Owner/Major Investor

2016

Centene
Anthem

Pharmacy
Medical Records Systems
Medical Healthcare
Pharmacy
Pharmacy
Medical Healthcare
Medical Healthcare

1932
1998

2009

GEO Group, The

Medical Equipment
Medical Healthcare

$12,461.5
$30.0

1,100

1940

2010

Cardinal Health

Pharmacy

$5,300.0

NC

39,000

1978

Other

$10,441.4

$1,897.4

CA

78,000

1833

Pharmacy

$198,533.0

$8,019.0

1987

2009

Parent Company
Compass Group, The

PIC Revenue
Only (Y/N)
Notes
N
Acquired by Compass Group in 2001 for
$170 M
N
Dba various local subsidiaries, including
Knickerbocker Dialysis in NY
N
Y
Created as specialty subsidiary
N
Acquired by Cigna in 2018 for $52 B
N
Acquired by First Group in 1999 and
rebranded; EBITDA converted from GBP
N
Financials converted from GBP
N
Acquired by AcariaHealth in 2017 for
$59 M; Sells lethal injection compounds;
2015 financials
N
Financials converted from EUR
N
Created as specialty subsidiary; Partners
with Fusion
N
Acquired by Roche in 2009 for $46.8 B
N
N
N
N
Financials converted from GBP
N
Acquired by Centene in 2016 for $6 B
N
Acquired by Anthem (formerly WellPoint)
in 2003
N
Y
Acquired by GEO Care in 2009 for $40
M; 2015 financials
N
Acquired by Cardinal Health in 2010 for
$1.3B; 2010 financials
N
N

2008

Cross Country Healthcare

Medical Healthcare

N

2014

Cross Country Healthcare

Medical Healthcare

N

1983

2012

Other

N

Mental Healthcare
Substance Abuse Treatment

$448.0
$290.0

Medtox

MN

MHM Services
MHN

VA
CA

7,000
950

1981
1974

2018
2016

Laboratory Corporation of
America
Centene
Centene/Health Net

Molina Healthcare
Morrison Healthcare

CA
GA

20,000

1980
1920

Compass Group, The

Medical Healthcare
Other

$19,883.0

2001

MTS Medication Technologies (dba MTS
Packaging Systems)
Novartis

CA

1984

2012

Omnicell

Medical Equipment

$75.0

$12.0

N

Y
N
($329.0)

N
N

Switzerland

121,597

1996

Pharmacy

$50,135.0

$14,705.0

N

Omnicell
OPKO
Pathways (formerly Providence Human
Services)

CA
FL
VA

2,350
6,030
5,000

1992
1991
1997

$716.2
$1,067.5

$57.3
($178.0)

Molina Healthcare

Medical Equipment
Other
Substance Abuse Treatment

N
N
N

Patterson Companies
Patterson Dental

MN
MN

7,500

1878
1877

Patterson Companies

Medical Equipment
Medical Equipment

$5,593.1
$2,390.0

2015

$371.7

N
N

Operates using various subsidiaries,
including McKesson High Volume
Solutions
Acquired by Cross Country Healthcare in
2008
Acquired by Cross Country Healthcare in
2014
Acquired by LabCorp in 2012 for $241
M
Acquired by Centene in 2018
Acquired by Centene in 2016 as part of
Health Net for $6 B
Acquired by Compass Group in 2001 for
$563 M; healthcare food service
provider
Acquired by Omnicell in 2012 for $156
M; 2012 financials prior to acquisition
Parent of Sandoz Pharmaceuticals;
Adjuated EBITDA

Acquired by Molina Healthcare in 2015
as Providence Human Services along with
Providence Community Services for $200
M
Created as specialty subsidiary

| 72

Corporate Snapshot
HQ
Location
CA

Number of
Employees

Year
Founded
1988

CT
NJ
CA

7,100
45,000
200

1996
1990
1994

Retractable Technologies
Roche
Sandoz Pharmaceuticals

TX
Switzerland
Germany

135
93,734

1994
1896
2003

Staff Care
Teva Pharmaceuticals
Universal Health Services
Vertex Pharmaceuticals

TX
Israel
PA
MA

Corporate Name
Procare One

Providence Services Corp
Quest Diagnostics
Redwood Toxicology (aka Alere Toxicology)

51,800
76,600
2,300

Corproate Structure
Year Last
Acquired
2012

2007

1991
1944
1979
1989

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Industry Sub-Sector
Medical Healthcare

Last Reported Yr

Last Reported Yr

$1,623.9
$7,709.0
$43.9

$79.6
$1,435.0

Abbott Laboratories/Alere

Medical Healthcare
Other
Other

$29.8
$55,964.0
$10,100.0

($2.6)
$22,261.1

Novartis

Medical Equipment
Pharmacy
Pharmacy

Medical Healthcare
Pharmacy
Medical Healthcare
Pharmacy

$22,385.0
$11,278.9
$2,488.7

$6,802.0
$1,728.1
$184.6

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Parent Company
Genesis
Healthcare/CareerStaff

Owner/Major Investor

AMN Healthcare

Business Sector

PIC Revenue
Only (Y/N)
Notes
N
Acquired by Genesis Healthcare as part
of Sun Healthcare as part of CareerStaff
for $217 M
N
Adjusted EBITDA
N
N
Acquired by Alere in 2007 for $53.3 M;
2007 financials prior to acquisition
N
N
Financials converted from CHF
N
Merger of Sandoz and Ciba-Giegy in
1996 led to the creation of Novartis in
2003 and Sandoz brand was brought
back as a subsidiary at the same time for
global generics business; 2015 financials
N
N
N
N

Acquisition history unknown
Adjusted EBITDA

Tier 1b – Publicly Traded – Other
No applicable entities

Tier 2 – Private Equity-Owned
Corporate Snapshot

Corporate Name
Acelity (formerly Kinetic Concepts)

Corproate Structure

HQ
Location
TX

Number of
Employees
5,800

Year
Founded
1976

Year Last
Acquired
2011

Parent Company

Business Sector

Owner/Major Investor
Apax Partners

Industry Sub-Sector
Medical Healthcare

Last Reported Yr

Last Reported Yr

$1,867.2

$666.1

Riordan, Lewis, & Haden

Pharmacy

$1,293.9
$87.2

Avella Specialty Pharmacy (formerly The
Apothecary Shops)
California Forensic Medical Group (CFMG)

AZ

510

1996

2009

CA

650

1983

2013

CMGC

HIG Capital

Medical Healthcare

Conmed Healthcare Management

MD

1984

2012

Correct Care Solutions

Medical Healthcare

Corizon (formerly Valitas)

TN

1978

2017

GTCR/Audax/Frazier
Healthcare
BlueMountain Capital,
Beecken Petty O'Keefe

6,800

Medical Healthcare

PIC Revenue
Only (Y/N)
Notes
N
Acquired by Apax Partners in 2011 for
$6.3 B; Merged with Systagenix and
LifeCell under the the brand Acelity
N
Acquired by Riordan, Lewis, & Haden in
2009
Y
Acquired by HIG in 2013
Y

$1,200.0

Y

Acquired by Correct Care Solutions in
2012 for $59 M
Recapitalized by BlueMountain Capital,
Beecken Petty O'Keefe in 2017; Merger
of Correctional Medical Services (Parent
company Valitas) and Prison Health
Services (PHS) Correctional Healthcare
(Parent company America Service Group)
in 2011

| 73

Corporate Snapshot

Corporate Name
Correct Care Solutions

HQ
Location
TN

Number of
Employees
14,000

Corproate Structure

Year
Founded
2003

Year Last
Acquired
2014

Parent Company

1989

2012

Correct Care Solutions

Correctional Healthcare Companies

CO

Correctional Medical Group Companies
(CMGC)

CA

La Salle Ambulance
Midwest Correctional Medical Group

NY

1995
2013

MobilexUSA

MD

2008

2,000

1983

Northwest Correctional Medical Group

Rural/Metro
CMGC

Business Sector

Owner/Major Investor
GTCR/Audax/Frazier
Healthcare
GTCR/Audax/Frazier
Healthcare

Industry Sub-Sector
Medical Healthcare

HIG Capital

Medical Healthcare

Warburg Pincus
HIG Capital

Ambulance Services
Medical Healthcare

TridentUSA Health Services Audax/Formation Capital

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

$1,000.0

Medical Healthcare

Other

PIC Revenue
Only (Y/N)
Notes
Y
Investment by GTCR in 2014; Acquired
by Audaz/Frazier in 2010
Y
Acquired in 2012 by GTCR (PE) and
rolled into Correct Care Solutions in
2014
Y
Holding company created to hold all of
HIG's correctional healthcare companies,
starting with CFMG in 2013
N
Acquired by Rural/Metro in 1995
Y
Acquired by HIG in 2013 as part of
CFMG
N
Acquired by TridentUSA in 2008

2015

2013

CMGC

HIG Capital

Medical Healthcare

Y

2016

Avella Specialty Pharmacy

Riordan, Lewis, & Haden

Medical Healthcare

N

Corizon

Pharmacy

Y

Ambulance Services

$616.0
$246.1

Oncology Plus

FL

2001

PharmaCorr

TN

1996

Rural/Metro

AZ

Sequel Youth & Family Services

1948

2011

BlueMountain Capital,
Beecken Petty O'Keefe
Warburg Pincus

AL

1999

2017

Altamont Capital Partners

Substance Abuse Treatment

Southeast Correctional Medical Group
(formerly Transform Health CS)
Southwest Correctional Medical Group

GA

2003

2016

CMGC

HIG Capital

GA

1983

2013

CMGC

Travel Nurse Across America
Trident USA Health Services

AR
PA

128
2,100

1999
1999

2017
2013

Trinity Healthcare Staffing Group

SC

984

1999

2017

483

Annual
Revenues ($Mn)

Travel Nurse Across
America

N

Acquired by HIG in 2013 as part of
CFMG
Acquired by Avella Specialty Pharmacy in
2016
Subsidiary created by Corizon

N

Acquired by Warburg Pincus in 2011 for
$437.8 M
Acquired by Altamont in 2017

Medical Healthcare

Y

Aquired by CMGC in 2016

HIG Capital

Medical Healthcare

Y

Gridiron Capital
Audax/Formation Capital

Medical Healthcare
Medical Healthcare

$115.3
$455.0

N
N

Gridiron Capital

Medical Healthcare

$39.9

N

Acquired by CFMG in 2016 as
TransformHealthCS and rebranded
Acquired by Gridiron Cpital in 2017
Acquired by Audax in 2009; New
capital investment by Audax and
Formation Capital in 2013
Acquired by Travel Nurse Across America
in 2017

$39.7

Tier 3 – Large Privately-Owned
Corporate Snapshot

Corporate Name
AMES Safety Envelope Company
ARKRAY USA
Benco Dental Supply Company
CareWorks Managed Care Service
Community Care Physicians
Diamond Pharmacy Services
eClinicalWorks
FFF Enterprises
HealthDirect Pharmacy Services
KPH Healthcare Services
Maxim Healthcare Services
Naphcare
Wexford Health Sources

HQ
Location
MA
MN
PA
TN
NY
PA
MA
CA
NY
NY
MD
AL
PA

Number of
Employees
224
1,650
1,890
1,000
4,716
300
240
3,000
38,450
1,050
1,980

Year
Founded
1774
1969
1930
1985
1984
1970
1999
1988

Corproate Structure
Year Last
Acquired
2010

Parent Company
TAB Products

KPH Healthcare Services
2008
1988
1989
1992

Owner/Major Investor

Business Sector

Industry Sub-Sector
Medical Equipment
Medical Equipment
Medical Equipment
Medical Records Systems
Medical Healthcare
Pharmacy
Medical Records Systems
Pharmacy
Pharmacy
Pharmacy
Medical Healthcare
Medical Healthcare
Medical Healthcare

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

$102.7
$875.0
$319.4
$630.0
$444.2
$2,000.0
$60.0
$1,000.0
$1,445.0
$224.2
$286.8

PIC Revenue
Only (Y/N)
Notes
N
Acquired by TAB Products in 2010
N
N
N
N
Y
N
N
N
Acquisition history unknown
N
N
2015 financials
Y
Y

| 74

Tier 4 – Small Privately-Owned
Corporate Snapshot

Corporate Name
1st Advanced EMS
A C Staffing
Abode Treatment
Abundance Living
Access Therapies
Addiction Behavioral Services
Advanced Correctional Healthcare
Advanced Data Systems
Advanced Eyecare & Sports
After Hours Imaging
Alhambra Medical Group
Alpha House of Springfield
AmCare Ambulance Service
American AED
American Correctional Solutions
Amerisochi
Ameriworks Occupational Health Center
Ampac Chemical Co (formerly Aerojet Fine
Chemicals)
Anaga Psychotherapy
Analytical Tox Lab Corp
Andrews Center
Apogee Medical Group NY
Archer Funeral Home
Archer Medical Diagnostic Testing
Armor Correctional Health Services
Arms Acres
Arnot Medical Services
Ascend Homecare
ATC Healthcare Services
Auburn Pharmaceutical
Automated Breathalyzer Koisk
Aventura Healthcare Specialists
Avertest (dba AverHealth)
BGR Services
Bingham-Turner & Associates
Biogenic Dental
Biomedical Systems
Biotech Screening
BosWell Pharmacy Services
Breakthrough Recovery Services
Bridges of America
Calmoseptine
CareClix
CCCNF-Lake Butler
Central NY Cardiology
CFG Health Network
CFG Health Systems
Change Companies, The
Cheyenne Center
Clean Investments
Clinical Solutions Pharmacy
CMS Professional Staffing
Consilium Staffing
Consulting Pharmacists

HQ
Location
OH
FL
TX
TX
IN
TX
IL
NJ
OH
NY
FL
MO
NY
FL
CA
OH
OK
CA
FL
TX
TX
AZ
FL
NY
FL
NY
NY
NJ
NY
MI
MN
FL
VA
NY
FL
NY
PA
CA
PA
FL
FL
CA
VA
FL
NY
NJ
NJ
NV
TX
TX
TN
FL
TX
FL

Number of
Employees

525
200

Year
Founded
2004
2004
1994
2006

Corproate Structure
Year Last
Acquired

Annual
Revenues ($Mn)
Parent Company

2010
2002
1977
2010
1999
2007
1981
2005

100
1992
1998
1995

1,600

980
98

1969
2002
1972
2004
2004
1982
1995
1982
1993
Precision Kiosk
Technologies (PKT)

110
1980
1906
1975
1993
2005
1980
2006
1981
1997
1999
1989
1996
1997
2004
1999

Business Sector

CFG Health Network

Owner/Major Investor

Industry Sub-Sector
Last Reported Yr
Ambulance Services
Medical Healthcare
Substance Abuse Treatment
Substance Abuse Treatment
Medical Healthcare
Substance Abuse Treatment
Medical Healthcare
$56.7
Medical Records Systems
$50.0
Medical Healthcare
Other
Medical Healthcare
Substance Abuse Treatment
Ambulance Services
Medical Healthcare
Medical Healthcare
$26.0
Medical Healthcare
Medical Healthcare
Pharmacy
Mental Healthcare
Substance Abuse Treatment
Mental Healthcare
Medical Healthcare
Medical Healthcare
Other
Medical Healthcare
Substance Abuse Treatment
Medical Healthcare
Medical Healthcare
Medical Healthcare
Pharmacy
Substance Abuse Treatment
Medical Healthcare
Substance Abuse Treatment
Substance Abuse Treatment
Substance Abuse Treatment
Medical Healthcare
Medical Healthcare
Substance Abuse Treatment
Pharmacy
Substance Abuse Treatment
Substance Abuse Treatment
Medical Healthcare
Medical Healthcare
Medical Healthcare
Medical Healthcare
Mental Healthcare
Medical Healthcare
Mental Healthcare
Substance Abuse Treatment
Substance Abuse Treatment
Pharmacy
Medical Healthcare
Third Party Staffing
Pharmacy

$178.3

$79.4
$94.4

$28.0

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

PIC Revenue
Only (Y/N)
N
N
N
N
N
N
Y
N
N
N
N
Y
N
N
Y
N
N
N
N
N
N
N
N
N
Y
N
N
N
N
N
N
N
Y
N
N
N
N
N
Y
N
Y
N
N
N
N
N
Y
N
N
N
Y
N
N
N

Notes

Product brand

Telemedicine

Created as specialty subsidiary

| 75

Corporate Snapshot

Corporate Name
Contract Pharmacy Services
Cordant Behavioral Health Solutions
(formerly Norchem Drug Testing)
CorePlus
Cornerstone Programs (formerly Rebound)
Correct Rx Pharmacy Services
Correctional Counseling
Correctional Diagnostic Imaging
Correctional Medical Care
Correctional Physicians Medical Group
Correctional Solutions Group
Correctional Systems
Counseling & Psychotherapy Center, The
C-Pap Department
Cross Current Corp
Cure Medical Services
Darlogix
Dentist In A Box
Document Storage Systems (DSS Inc)
Emergency Medical Association
Emergency Physician Services of New York
Empire State Ambulance
Express Mobile Diagnostic Services
Falcon
First Aid Only
First Med Alert
First Step Counseling
Fitness Matters
Flexibility & Co (dba FlexRN)
Forensic Technologies
Fountain House, The
Frontline National
Fusion
Genetco
Genoa Healthcare
Health Care Equipment & Parts
Health Care Logistics
Healthcare Systems
HealthPro
Hearing Care Resources
Helping Open People's Eyes
Heritage Health Solutions
Hibbs Funeral Home & Cremation Care
Hudson Infectious Diseases
Independence House
Independent Health Services
InGenesis
Inpatient Medicine Associates
Integrated Medical Solutions
Intoximeters
JayKay Staffing
JPE Healthcare Staffing
Kalos
Kazee
Keeton Corrections
Kendall Healthcare Group
KEPRO (formerly APS Healthcare)
Lasalle Southwest Corrections
LDC Pharmacy

HQ
Location
PA
CO
FL
CO
MD
TN
PA
NJ
CA
TX
TX
MA
NY
PA
CA
NY
FL
FL
NY
NY
NY
PA
IL
CT
NC
TX
OH
VA
MN
AL
OH
NJ
NY
WA
NY
OH
AL
OH
NY
TX
TX
OK
NY
CO
AL
TX
FL
TX
MO
FL
GA
KS
GA
FL
FL
PA
LA
NY

Number of
Employees
165

110
120

Year
Founded
1976
2012

Corproate Structure
Year Last
Acquired

1995
1998
2003
1987
1998
2014

680

1997
1995
1996
1991

2008

13

40

280

1,457

1988
2000
1991
2000
2001
1988
2010
2004
2006
1986
2000
1980
1978
1983
2003
1998
1990
2004
1987
1988
1999
1998

39
90

1999
1945
2003
2002
1998

200

1982
1973
1985

1,800

1997
10

2017

Business Sector
Annual
Revenues ($Mn)

Parent Company

Owner/Major Investor

Industry Sub-Sector
Last Reported Yr
Pharmacy
$41.3
Substance Abuse Treatment
Medical Healthcare
Substance Abuse Treatment
Pharmacy
Mental Healthcare
Other
Medical Healthcare
Medical Healthcare
Substance Abuse Treatment
Mental Healthcare
Mental Healthcare
Other
Medical Equipment
Medical Healthcare
Medical Records Systems
Medical Healthcare
Medical Records Systems
Medical Healthcare
Medical Healthcare
Ambulance Services
Other
Mental Healthcare
Medical Healthcare
Substance Abuse Treatment
Substance Abuse Treatment
Medical Healthcare
Medical Healthcare
Substance Abuse Treatment
Substance Abuse Treatment
Medical Healthcare
Medical Records Systems
Pharmacy
Pharmacy
Medical Equipment
Medical Healthcare
Medical Healthcare
Medical Healthcare
Medical Healthcare
Substance Abuse Treatment
Medical Healthcare
Medical Healthcare
Medical Healthcare
Substance Abuse Treatment
Pharmacy
Medical Healthcare
Medical Healthcare
Medical Healthcare
Substance Abuse Treatment
Medical Healthcare
Medical Healthcare
Pharmacy
Medical Healthcare
Substance Abuse Treatment
Medical Healthcare
Other
Medical Healthcare
Pharmacy

$8.4
$30.0

$91.9

$57.0

$15.6

$148.0

$123.0
$41.9
$25.0

$160.0

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

PIC Revenue
Only (Y/N)
N
N
N
Y
Y
Y
Y
Y
Y
Y
Y
Y
N
N
N
Y
N
N
N
N
N
N
Y
N
N
N
N
N
N
Y
N
Y
N
N
N
N
N
N
N
Y
N
N
N
Y
N
N
N
Y
N
N
N
N
N
Y
N
N

Notes

2015 financials
2015 financials

2015 financials

Partners with GE Healthcare

2015 financials

Acquired by Consonance in 2014 then
sold to unknown buyer in 2017

Y
N

| 76

Corporate Snapshot

Corporate Name
Liberty Healthcare Corp
Lifecare Ambulance
Lifestream Behavioral Health (formerly
Waterman Memorial Hospital)
Locum Medical Group
LocumTenens
Maxor Correctional Pharmacy Services
MedExcel
Medical Equipment Sales (dba Sun Surgical
Supply)
Medics Ambulance Service
Mediko Correctional Healthcare
Med-World Acquisition Corporation
Mid America Health
Mid Ohio Radiology
Mid-Atlantic Telerad
Mobile Life Support Services
Mobile Medical International Corporation
Monroe Medi-Trans
National Eye Care
National Health Care Solutions
Neurocounseling & Consulting Services
New Heritage Recruiters
New Lite Counseling Center
New York Oncology Hematology
NextGen Healthcare
Non-Secure Programs
North Country Precision Medical Imaging
Northern Ambulance Corps
NTA Testing
NurseStaffing Group
OnSite Vision Plans
Optum Government Solutions
Panhandle Forensic Nurse Specialist
Parkchester Oral And Maxillofacial Surgery
Pathways Renewed
Phamatech
Physicians Dialysis (aka Orion Medical
Enterprise)
Plainview Serenity Center
Precision Kiosk Technologies
PrimeCare Medical
Pro Med Healthcare Services
Psimed
Psychological Management Group
QSA Services
Quality Correctional Health Care
Resource Anesthesiology Associates
Retina Consultants
Sage Health Management Solutions (Sage
HMS)
Sage Substance Abuse Guidance &
Education
Sapphire Health
Saratoga Medical Center
Seven Corners Correctional Health Care
Solutions
Shared Imaging
Sharps Compliance Inc
SMART

HQ
Location
PA
OH
FL
OH
GA
CA
NY
FL
FL
VA
NY
IN
OH
VA
NY
VT
NY
NY
NC
TX
CA
TX
NY
CA
FL
NY
NY
NC
FL
NY
MN
FL
NY
NY
CA
FL
TX
MN
PA
FL
WV
FL
NY
AL
TN
NY
MN

Number of
Employees

590

Year
Founded
1986
1987
1969

Corproate Structure
Year Last
Acquired

Parent Company

Ambulance Services
Mental Healthcare
Medical Healthcare
Medical Healthcare
Medical Healthcare
Medical Equipment
Ambulance Services
Medical Equipment
Ambulance Services
Medical Healthcare
Medical Healthcare
Mental Healthcare
Medical Healthcare
Mental Healthcare
Medical Healthcare
Medical Healthcare
Substance Abuse Treatment
Other
Ambulance Services
Substance Abuse Treatment
Medical Healthcare
Medical Healthcare
Medical Healthcare
Substance Abuse Treatment
Medical Healthcare
Substance Abuse Treatment
Other
Medical Healthcare

1986
1936
1981
1994
1975

2010
382
1994
1995

1981
1978
2013
1993

1991
200
1983
1,200

1988
1998
1991

30

2005
2001
1997

TX

VA
IN

178

IL
TX
RI

120

Industry Sub-Sector
Medical Healthcare
Ambulance Services
Mental Healthcare
Medical Healthcare
Medical Healthcare
Pharmacy
Medical Healthcare
Medical Equipment

1995
1926
1984
1980
1982
1998

450

Owner/Major Investor

Business Sector

2007

DSS

Substance Abuse Treatment
Substance Abuse Treatment
Medical Healthcare
Medical Healthcare
Mental Healthcare
Substance Abuse Treatment
Substance Abuse Treatment
Medical Healthcare
Medical Healthcare
Medical Healthcare
Medical Records Systems

2010

Substance Abuse Treatment

2010

Pharmacy
Third Party Staffing
Medical Healthcare

2003
1991
1994

Other
Medical Equipment
Substance Abuse Treatment

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

$90.0

$67.5
$13.5

$57.3

$35.0

$153.6

$17.9

PIC Revenue
Only (Y/N)
N
N
N

Notes

N
N
Y
N
N
N
Y
N
N
N
N
N
N
N
N
N
N
N
N
N
N
Y
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
Y
N
N
N

Dental

Acquired by DSS in 2007

N

$15.7

$30.0

N
N
Y
N
N
N

| 77

Corporate Snapshot

Corporate Name
Southern Correctional Medicine
Southern Health Partners
Spectra Laboratories
St Lawrence Radiology Associates
StreeTime Technologies
SyMed

HQ
Location
GA
TN
CA
NY
CT
CA

Techcare X-Ray
Texas Alcohol & Drug Testing Service
Treatment Associates
Tri-Center
Turning Point, The
Village South
Wellcomp Managed Care Services

FL
TX
VT
NY
TX
FL
TN

Westchester PET & Medical Imaging
Westchester Vascular
Westwood Pharmacy
White Glove Placement
Wise Medical Staffing Services
Worldwide Travel Staffing
Yonkers Radiation Medical Practice

NY
NY
VA
NY
OH
NY
NY

Number of
Employees

Year
Founded

780

1994
1982

Corproate Structure
Year Last
Acquired

Annual
Revenues ($Mn)
Parent Company

1989
1994
2004
1995
350

1985

70
1995
500

1993

Business Sector

CareWorks Managed
Care Service

Owner/Major Investor

Industry Sub-Sector
Last Reported Yr
Medical Healthcare
Medical Healthcare
$120.0
Medical Healthcare
Medical Healthcare
Substance Abuse Treatment
Medical Records Systems
Medical Healthcare
Substance Abuse Treatment
Substance Abuse Treatment
Substance Abuse Treatment
Substance Abuse Treatment
Substance Abuse Treatment
Medical Records Systems

Other
Medical Healthcare
Pharmacy
Medical Healthcare
Mental Healthcare
Medical Healthcare
Medical Healthcare

$18.0

$35.0

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

PIC Revenue
Only (Y/N)
Notes
Y
Y
2015 financials
N
N
N
N
Also engages in Rehabilitative Services Vocation/Industries (Prison Labor)
N
N
N
N
N
N
N
Absorbed by sister company and currently
rebranding under shared name
CareWorks
N
N
Y
2015 financials
N
N
N
2015 financials
N

| 78

Tier 1a – Publicly Traded – Targeted Correctional Exposure
Corporate Snapshot
HQ
Location
PA

Number of
Employees

Year
Founded
1973

Booz Allen Hamilton

VA

23,000

1914

CBRE

CA

80,000

1906

Corporate Name
Abraxas Youth & Family Services

Corproate Structure
Year Last
Acquired
2010

Parent Company
GEO Group, The

Owner/Major Investor

Business Sector
Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Industry Sub-Sector
Private Prison Operator

Last Reported Yr

Last Reported Yr

Procurement, Contracting, &
Other Admin Services
Procurement, Contracting, &
Other Admin Services
Private Prison Operator

$5,804.3

$547.1

$14,209.6

$1,488.3

N

$28.1

$23.9

Y

$5,235.9

$303.6

N

$250.0

CentraCore Properties Trust (formerly
Correctional Properties Trust)
CH2M Hill

FL

5

1998

2007

GEO Group, The

CO

19,663

1946

2017

Jacobs Engineering Group

CiviGenics

MA

1995

2011

GEO Group, The

Procurement, Contracting, &
Other Admin Services
Private Prison Operator

Community Education Centers

NJ

1996

2017

GEO Group, The

Private Prison Operator

Concept

KY

1986

1995

CoreCivic

Private Prison Operator

CoreCivic (formerly Corrections Corp of
America)
Cornell Companies (formerly Cornell Cox)

TN
TX

1973

2010

Correctional Services Corp (formerly Esmor
Correctional Services)
Faithful+Gould

FL

1987

G4S

GEO Group, The (formerly Wackenhut
Corrections)
Group 4 Falck (formerly Group 4)

3,234

12,875

1983

Y
Y
Y

Private Prison Operator

$1,765.5

$408.1

Y

GEO Group, The

Private Prison Operator

$412.5

$89.7

Y

2005

GEO Group, The

Private Prison Operator

Y

2017

SNC-Lavalin and Atkins

Procurement, Contracting, &
Other Admin Services

N

UK

1,158

1988

United Kingdom

610,000

2004

Private Prison Operator

$10,880.9

847.9

N

FL

18,512

1984

Private Prison Operator

$2,263.4

$389.1

Y

United Kingdom

1901

2004

G4S

Private Prison Operator

LA

1990

2015

GEO Group, The

Private Prison Operator

Securicor

United Kingdom

1935

2004

G4S

Private Prison Operator

Serco
SNC-Lavalin and Atkins

United Kingdom
Canada

50,000
52,488

1929
1911

Sodexo (formerly Kaylyx)
Sodexo Justice Services

France
France

427,000
6,264

1966
1987

Sodexo

Private Prison Operator
Procurement, Contracting, &
Other Admin Services
Private Prison Operator
Private Prison Operator

LCS Correction Services

PIC Revenue
Only (Y/N)
Notes
Y
Acquired by GEO as part of Cornell
Companies in 2010
N
Adjusted EBITDA

N
$80.0

Y
N

$4,194.1
$7,281.1
$25,458.5
$820.4

$747.1

N

$1,808.1

N
Y

Acquired by GEO in 2007 for $427.6
M; 2005 financials prior to acquisition
Acquired by Jacobs in 2017
Acquired by Community Education
Centers in 2011
Acquired by GEO in 2017 for $360 M;
2018 financial projection
Acquired by CoreCivic in 1995 for $40
M

Acquired by GEO in 2010 for $385 M;
2009 financials prior to acquisition
Acquired by GEO in 2005 for $62 M
Acquired by SNC-Lavalin as part of WS
Atkins in 2017; Acquired by WS Atkins
in 1996
Formed from the merger of Group 4 Falck
and Securicor; Financials converted from
GBP

Merged with Securicor in 2004 to form
G4S
Acquired by GEO in 2015 for $312 M;
2016 financial projection
Merged with Group 4 Flack in 2004 to
form G4S
Financials converted from GBP
Financials converted from CAD
Financials converted from EUR
Created as specialty subsidiary;
Financials converted from EUR

Tier 1b – Publicly Traded – Other
No applicable entities
| 79

Tier 2 – Private Equity-Owned
No applicable entities

Tier 3 – Large Privately-Owned
Corporate Snapshot
HQ
Location
VA
VA
WA

Number of
Employees
9,040

Year
Founded
1995

220

2007

Grant Thornton

IL

40,197

1924

Louis Berger

NJ

2,620

1953

Management & Training Corp (MTC)
McKinsey & Company

UT
NY

8,650
21,000

1981
1926

MVM

VA

2,500

1989

North Highland Company, The

GA

1,834

1992

FL

590

1991

Corporate Name
Akima
Akima Global Services (AGS)
Doyon Government Group

Youth Services International

Corproate Structure
Year Last
Acquired

Business Sector
Annual
Revenues ($Mn)

Parent Company

Owner/Major Investor

Akima

Industry Sub-Sector
Last Reported Yr
Private Prison Operator
$2,100.0
Private Prison Operator
Immigration Detention
$216.9
Operator
Procurement, Contracting, &
$4,600.0
Other Admin Services
Procurement, Contracting, &
$875.6
Other Admin Services
Private Prison Operator
$800.0
Procurement, Contracting, &
$8,800.0
Other Admin Services
Procurement, Contracting, &
$190.0
Other Admin Services
Procurement, Contracting, &
$360.0
Other Admin Services
Private Prison Operator
$289.0

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

PIC Revenue
Only (Y/N)
Notes
N
Y
Created as specialty subsidiary
N
2015 financials
N
N
Y
N
N
N
Y

Former subsidiary of Correctional
Services Corp (CSC); 2015 financials

Tier 4 – Small Privately-Owned
Corporate Snapshot

Corporate Name
Ahtna

HQ
Location
AK

Number of
Employees
1,325

Year
Founded
1999

Altex Solutions Group

AL

BHSB Holdings

FL

Brooks Bawden

DC

2012

Bullchase

TX

2008

C3 Corrections

TX

Caltak Enterprises

TX

Carey Group, The

FL

2,000

2017

2004

Corproate Structure
Year Last
Acquired

Business Sector
Annual
Revenues ($Mn)

Parent Company

Owner/Major Investor

Industry Sub-Sector
Last Reported Yr
Immigration Detention
$189.9
Operator
Procurement, Contracting, &
Other Admin Services
Private Prison Operator

Procurement, Contracting, &
Other Admin Services
Procurement, Contracting, &
Other Admin Services
Procurement, Contracting, &
Other Admin Services
Procurement, Contracting, &
Other Admin Services
Procurement, Contracting, &
Other Admin Services

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

PIC Revenue
Only (Y/N)
N

Notes

N
Y

Holding company for TrueCore
Behavorial Solutions, which operates
youth facilities

Y
N
N
N
Y

| 80

Corporate Snapshot

Corporate Name
Children's Comprehensive Services (formerly
PriCor)

HQ
Location
TN

CJIS Group

FL

Correctional Management &
Communications Group
Correctional Technology Representatives

FL
GA

Corrections Partners

AL

Creative Corrections

TX

Daxon Construction

IL

Number of
Employees

Year
Founded
1985

Year Last
Acquired
2002

Parent Company

2002

Detention Management
Dunson & Associates

GA
OH

2006

E-Comm International

AZ

1995

Emerald Correctional Management
Fireproof Records (aka Briar Gate Realty)

LA
OH

Global Corrections Group

NM

Global Food Industries (GFI)

Corproate Structure

750
100

1989
1909

Fl

GoalSpan

CA

2007

GovDeals

AL

1999

Hunter Research

NJ

1986

Immigration Centers of America

VA

Isaac Wiles Burkholder & Teetor

OH

2013

Jones Walker

FL

1937

Justice Benefits

TX

1997

Kantech

NJ

1986

Lasalle Southwest Corrections
MTG Management Consultants

LA
WA

1997
1973

Nakamoto Group, The

MD

NSI National Strategies

DC

Omega Solutions International

NY

Pauly Jail Building

IN

Praeses

LA

Priax Corporation

CA

240

60

2003
1996

50
1856
100

Tyco Integrated Systems

Owner/Major Investor

Business Sector

Industry Sub-Sector
Private Prison Operator

Procurement, Contracting, &
Other Admin Services
Procurement, Contracting, &
Other Admin Services
Procurement, Contracting, &
Other Admin Services
Procurement, Contracting, &
Other Admin Services
Procurement, Contracting, &
Other Admin Services
Procurement, Contracting, &
Other Admin Services
Private Prison Operator
Procurement, Contracting, &
Other Admin Services
Procurement, Contracting, &
Other Admin Services
Private Prison Operator
Procurement, Contracting, &
Other Admin Services
Procurement, Contracting, &
Other Admin Services
Procurement, Contracting, &
Other Admin Services
Procurement, Contracting, &
Other Admin Services
Procurement, Contracting, &
Other Admin Services
Procurement, Contracting, &
Other Admin Services
Immigration Detention
Operator
Procurement, Contracting, &
Other Admin Services
Procurement, Contracting, &
Other Admin Services
Procurement, Contracting, &
Other Admin Services
Procurement, Contracting, &
Other Admin Services
Private Prison Operator
Procurement, Contracting, &
Other Admin Services
Procurement, Contracting, &
Other Admin Services
Procurement, Contracting, &
Other Admin Services
Procurement, Contracting, &
Other Admin Services
Procurement, Contracting, &
Other Admin Services
Procurement, Contracting, &
Other Admin Services
Procurement, Contracting, &
Other Admin Services

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

PIC Revenue
Only (Y/N)
Notes
Y
Name changed to Children's
Comprehensive Services and then went
private by private investors using holding
companies for $44 M
N
N
Y
Y
Y
N
Y
N
N

$15.0
$21.0

Y
N

2015 financials
2015 financials

Y
N
N
N
N
$40.0

Y

2015 financials

N
Y
Y
N

Acquisition history unknown

Y
Y
$10.2

N
N

$30.0

N
Y

$20.0

N
Y

| 81

Corporate Snapshot

Corporate Name
Project Support Services

HQ
Location
VA

Pulitzer Bogard & Associates

NY

Quest Consulting Network

OH

RADCA Co

PA

Rainer & Associates

PA

Springsted Inc

VA

Number of
Employees

Year
Founded
1999

Corproate Structure
Year Last
Acquired

Annual
Revenues ($Mn)
Parent Company

1986

1954
100

Stephen A Laser Associates

IL

Strategic Response Initiatives

NY

2005

Tantus Solutions Group

Canada

2001

TekLink Security (dba SecurityMan)

Canada

1998

Trade Area Marketing Group

CT

1987

Trinity Technology Group

VA

840

2002

TrueCore Behavorial Solutions (formerly G4S
Youth Services)

FL

2,000

1999

TTI Environmental

NJ

55

1985

Wallace, White and Associates

VA

Wormeli Consulting

VA

2006

2017

Business Sector

BHSB Holdings (holding
co)

Owner/Major Investor

Industry Sub-Sector
Last Reported Yr
Procurement, Contracting, &
Other Admin Services
Procurement, Contracting, &
Other Admin Services
Procurement, Contracting, &
Other Admin Services
Procurement, Contracting, &
Other Admin Services
Procurement, Contracting, &
Other Admin Services
Procurement, Contracting, &
$20.0
Other Admin Services
Procurement, Contracting, &
Other Admin Services
Procurement, Contracting, &
Other Admin Services
Procurement, Contracting, &
Other Admin Services
Procurement, Contracting, &
Other Admin Services
Procurement, Contracting, &
Other Admin Services
Procurement, Contracting, &
$58.8
Other Admin Services
Private Prison Operator

Procurement, Contracting, &
Other Admin Services
Procurement, Contracting, &
Other Admin Services
Procurement, Contracting, &
Other Admin Services

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

PIC Revenue
Only (Y/N)
N

Notes

Y
N
Y
N
N
N
N
N
N
N
N
$5.6

Y

Acquired as G$S Youth Services by BHSB
in 2017 for $56.5 M and name
changed; Operates youth facilities

N
N
Y

| 82

Tier 1a – Publicly Traded – Targeted Correctional Exposure
Corporate Snapshot
HQ
Location
CA
AZ
TX

Number of
Employees
2,980
1,095

Cross Country Healthcare
Cross Country Staffing
Franklin Covey
G4S

FL
FL
UT
United Kingdom

1,800

Genesis Healthcare
Medical Doctor Associates

PA
GA

Medical Staffing Network

FL

Procare One

CA

United Kingdom

Corporate Name
AMN Healthcare
Axon (formerly TASER)
CareerStaff

Securicor
Securitas Security Services
Speer-Ammo
Staff Care

Sweden
ID
TX

850
610,000

68,700

335,000

Year
Founded
1985
1993
1989

Corproate Structure
Year Last
Acquired

2012

1996
1986
1983
2004

1985
1987

Parent Company

Genesis Healthcare

Cross Country Healthcare

Owner/Major Investor

Business Sector
Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Industry Sub-Sector
Third Party Staffing
Staff Training
Third Party Staffing

Last Reported Yr

Last Reported Yr

$1,988.5
$343.8

$244.7
$21.1

Third Party Staffing
Third Party Staffing
Staff Training
Third Party Staffing

$865.0

$21.9

$185.3
$10,880.9

($1.5)
$847.9

$5,373.7

($214.4)

$10,203.1

$645.9

2008

Cross Country Healthcare

Third Party Staffing
Third Party Staffing

2014

Cross Country Healthcare

Third Party Staffing

1988

2012

Genesis
Healthcare/CareerStaff

Third Party Staffing

1935

2004

G4S

Third Party Staffing

Vista Outdoor
AMN Healthcare

Third Party Staffing
Staff Training
Third Party Staffing

1934
1968
1991

PIC Revenue
Only (Y/N)
Notes
N
Y
N
Acquired by Genesis as part of Sun
Healthcare in 2012 for $217 M;
Telemedicine
N
N
Created as specialty subsidiary
N
N
Formed from the merger of Group 4 Falck
and Securicor; Financials converted from
GBP
N
N
Acquired by Cross Country Healthcare in
2008
N
Acquired by Cross Country Healthcare in
2014
N
Acquired by Genesis Healthcare as part
of Sun Healthcare as part of CareerStaff
for $217 M
N
Merged with Group 4 Flack in 2004 to
form G4S
N
Y
Acquisition history unknown
N
Acquisition history unknown

Tier 1b – Publicly Traded – Other
No applicable entities

| 83

Tier 2 – Private Equity-Owned
Corporate Snapshot

Corproate Structure

Business Sector
Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

HQ
Location

Number of
Employees

Year
Founded

Year Last
Acquired

NC

1,400

1995

2014

Kronos Incorporated

MA

5,076

1977

2014

Lexipol

CA

2003

2014

Riverside Ventures

Staff Training

$10.3

Supplemental Health Care (SHC Services)
Travel Nurse Across America
Trinity Healthcare Staffing Group

UT
AR
SC

1984
1999
1999

2016
2017
2017

The Vistria Group
Gridiron Capital
Gridiron Capital

Third Party Staffing
Third Party Staffing
Third Party Staffing

$289.0
$115.3
$39.9

Corporate Name
Defense Technology
Global Knowledge Training

128
984

Parent Company
Safariland

Owner/Major Investor
Kanders & Company
Rhone Capital

Industry Sub-Sector
Staff Training
Staff Training

Blackstone Group/Hellman Staff Management System
& Friedman/GCI Private

Travel Nurse Across
America

$300.0
$1,300.0

PIC Revenue
Only (Y/N)
Notes
N
Acquisition history unknown
N
Acquired by Rhone Capital in 2014 for
$400 M
N
Minority stake acquired by Blackstone
and GCI in 2014 for $750 M, $4.5 B
valuation
Y
Acquired by Riverside Ventures in 2014;
2015 financials
N
Acquired by The Vistria Group in 2016
N
Acquired by Gridiron Cpital in 2017
N
Acquired by Travel Nurse Across America
in 2017

Tier 3 – Large Privately-Owned
Corporate Snapshot

Corporate Name
Akima
Akima Global Services (AGS)
Doyon Government Group
Maxim Healthcare Services

HQ
Location
VA
VA
WA
MD

Number of
Employees
9,040

Year
Founded
1995

Corproate Structure
Year Last
Acquired

Parent Company

Owner/Major Investor

Akima
220
38,450

2007
1988

Business Sector

Industry Sub-Sector
Third Party Staffing
Third Party Staffing
Third Party Staffing
Third Party Staffing

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

$2,100.0
$216.9
$1,445.0

PIC Revenue
Only (Y/N)
Notes
N
Y
Created as specialty subsidiary
N
2015 financials
N
2015 financials

Tier 4 – Small Privately-Owned
Corporate Snapshot

Corporate Name
A C Staffing
Access Therapies
Actsoft
Akal Group
Allied Protection Services
American Health & Safety Institute
Apex Therapeutic Services
ATC Healthcare Services
Blue Courage
Calibre Press
Cell Staff
City Employees Club of Los Angeles
CivicPlus
CMS Professional Staffing
Connect Consulting Services
Consilium Staffing
Controlled FORCE

HQ
Location
FL
IN
FL
SC
CA
OR
NY
NY
IL
IL
FL
CA
KS
FL
CA
TX
IL

Number of
Employees

Year
Founded
2004

145

1996
1980
1999
1978

100

980

1982
1980

227

1928
2001
1999
2006
1997

Corproate Structure
Year Last
Acquired

Parent Company

Owner/Major Investor

Business Sector

Industry Sub-Sector
Third Party Staffing
Third Party Staffing
Staff Management System
Third Party Staffing
Third Party Staffing
Staff Training
Third Party Staffing
Third Party Staffing
Staff Training
Staff Training
Third Party Staffing
Other
Staff Management System
Third Party Staffing
Staff Training
Third Party Staffing
Staff Training

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

$21.0

$79.4

$25.3

PIC Revenue
Only (Y/N)
Notes
N
N
N
N
N
N
N
N
Y
Y
N
N
Law enforcement insurance
N
N
N
N
Y

| 84

Corporate Snapshot

Corporate Name
Core
Correctional Management &
Communications Group
Corrections Assistance Network
CorrectionsOne
CorrectionsOne Academy
Counseling Team International, The
CPP
Critical Connections Consulting
Diversity Search Group
Dominion Temp
Dreamland Security Services
Dunson & Associates
Employment Background Investigations
Employment Screening Alliance
Flexibility & Co (dba FlexRN)
Forfeiture Support Associates
Frontline National
Global Security Group
Guardian Eagle Security
Healthcare Staffing Professionals
HealthPro
High Performing Systems
Highline Systems
InGenesis
Institute for Credible Leadership Development
Inter-Con Security Systems
InTime Solutions
JayKay Staffing
John E Reid & Associates
JPE Healthcare Staffing
J-Sat
KenTech Consulting
Law Enforcement Psychological Services
Liberty Healthcare Corp
LocumTenens
McCann Associates
MdE Inc
Morris & McDaniel
Moss Group, The
Multi-Health Systems Inc. (dba MHS
Assessments)
NAPPI International
National Health Care Solutions
New Heritage Recruiters
NurseStaffing Group
Paragon Systems
Petrosino Personal Protection Training Center
PoliceOne Academy
Praetorian Digital
Pro Med Healthcare Services
Professional Law Enforcement Association
Resource Anesthesiology Associates
Responder Training Services
Rex Black
Riverfront Medical
Ruiz Protective Service

HQ
Location
VA
FL

Number of
Employees

Year
Founded
1995

Corproate Structure
Year Last
Acquired

Parent Company

MA
CorrectionsOne
CA
CA
FL
OH
NY
NY
OH
MD
FL
VA
VA
OH
NY
CA
CA
OH
GA
Canada
TX

CA
Canada
FL
IL
GA
CO
IL
CA
PA
GA
PA
MD
VA
DC
NY

225
247

106
13

2001
2004
2001
2002

1,457

80

2003
1984
1974
1998
2009
1973
1995
2003
1947
2002
1997
2006

2011
1999
1998
1995
2001
1994
1977
1983

Staff Training
Staff Training
Staff Training
Staff Training
Staff Training
Staff Training
Third Party Staffing
Third Party Staffing
Third Party Staffing
Staff Training
Other
Other
Third Party Staffing
Third Party Staffing
Third Party Staffing
Staff Training
Third Party Staffing
Third Party Staffing
Third Party Staffing
Staff Training
Staff Management System
Third Party Staffing
Staff Training

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

$25.0
$5.7

$21.8
$57.0

$123.0

$16.0

Staff Training
Third Party Staffing
Third Party Staffing
Third Party Staffing
Third Party Staffing
Staff Training

2010
1978
1983

101

Industry Sub-Sector
Staff Training
Third Party Staffing

Third Party Staffing
Staff Management System
Third Party Staffing
Staff Training
Third Party Staffing
Staff Training
Other
Other
Third Party Staffing
Third Party Staffing
Third Party Staffing
Staff Training
Other
Staff Training
Other

1986
1995
1959
1999
1976
2002
1983

ME
NC
CA
FL
VA
OH

CA
FL
MI
TN
GA
TX
NY
TX

1985
1956
2007
2005

Owner/Major Investor

Business Sector

PoliceOne

Staff Training
Staff Training
Third Party Staffing
Other
Third Party Staffing
Staff Training
Staff Training
Other
Third Party Staffing

PIC Revenue
Only (Y/N)
Y
N
Y
Y
N
N
N
Y
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
Y
N
N
N
Y
N
Y
N

Notes

2015 financials

2015 financials

Background screening

N
N
N
N
N
N

$18.0

$5.3

Y
Y
N
Y
N
N
N
N
N

Digital marketing
Law enforcement insurance

| 85

Corporate Snapshot

Corporate Name
Saratoga Medical Center
Schedule Pro
Security Officers & Investigations
Simaren Corp (dba Wisdom Protective
Services)
Sis California
Smart Horizons Career Online
SpeakWrite
Staff America
Staff Today
Stonewall Solutions
Streets2Schools
Sunbelt Staffing
Tal Search Group
TI Training
TimeClock Plus
Top Notch Security
Total Healthcare Staffing
United Security
Valley Metro Security
VCS Employee Scheduling
White Glove Placement
Wise Medical Staffing Services
Workers Assistance Program (dba Alliance
Work Partners)
Worldwide Travel Staffing

HQ
Location
VA
Canada
CA
NY
CA
FL
TX
IN
CA
TN
CA
FL
FL
CO
TX
TN
NY
NJ
TX
NJ
NY
OH
TX
NY

Number of
Employees
178
500
140

Year
Founded
1990
2006

2009
1997
2011

55
139
50
750

2014
2000
1988
2005
1988
1999
1997
1992
2001
1995

500

1993

Corproate Structure
Year Last
Acquired

Parent Company

Owner/Major Investor

Business Sector

Industry Sub-Sector
Third Party Staffing
Staff Management System
Third Party Staffing
Third Party Staffing
Staff Training
Staff Training
Third Party Staffing
Third Party Staffing
Third Party Staffing
Staff Training
Staff Training
Third Party Staffing
Third Party Staffing
Staff Training
Staff Management System
Third Party Staffing
Third Party Staffing
Third Party Staffing
Third Party Staffing
Staff Management System
Third Party Staffing
Third Party Staffing
Staff Training
Third Party Staffing

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

$15.7

$10.0

$7.4
$35.0
$10.2
$21.4

$35.0

PIC Revenue
Only (Y/N)
N
N
N
N

Notes

N
N
N
N
N
N
N
N
N
Y
N
N
N
N
N
N
N
N
N
N

2015 financials

| 86

Tier 1a – Publicly Traded – Targeted Correctional Exposure
Corporate Snapshot

Corporate Name
3M

HQ
Location
MN

Aspen Education Group

CA

Avery Dennison
Castell (dba TexCorr)
Celanese
Certiport

CA
TX
TX
UT

CiviGenics

MA

CRC Healthcare

CA

Crothall Healthcare

PA

GEO Care (formerly Atlantic Shores
Healthcare)
Hardwoods Specialty Products
Houghton Mifflin Harcourt
International Paper Co
JMS Russel Metals

FL

Number of
Employees
91,356

30,000

Corproate Structure

Year
Founded
1902

Year Last
Acquired

1997

2015

Parent Company

CRC Health
Corporation/Acadia
Healthcare

Owner/Major Investor

Business Sector
Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Industry Sub-Sector
Vocation (Prison Labor)

Last Reported Yr

Last Reported Yr

$31,657.0

$9,364.0

Education

$150.0

1977
1996
1918
1997

2012

Pearson

1995

2011

GEO Group, The

Rehab Programming

6,270

1995

2014

Acadia Healthcare

Education

8,500

1991

2001

Compass Group, The

Vocation (Prison Labor)

GEO Group, The

Rehab Programming

$497.9

7,592

International Paper Co

1997

Vocation
Vocation
Vocation
Vocation

(Prison
(Prison
(Prison
(Prison

Labor)
Labor)
Labor)
Labor)

$6,086.5

$657.2

$6,140.0

$1,211.0

$450.0

$115.0

Canada
MA
TN
Canada

1,000
4,500
56,000

1926
1880
1898
1929

Vocation (Prison Labor)
Education
Vocation (Prison Labor)
Vocation (Prison Labor)

$607.8
$1,372.7
$21,743.0
$1,985.5

$33.7
($8.4)
$3,611.0
$97.3

Key Corp
Lectra
Leggett & Platt
McGraw-Hill Education
Nitta Casings

OH
France
MO
NY
NJ

18,415
1,550
22,200
4,900

1825
1973
1883
1888
1962

Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Education
Vocation (Prison Labor)

$6,255.0
$320.0
$3,943.8
$1,740.0

$55.3
$598.7
$308.2

Nitta Gelatin
Northrop Grumman
Norton Metals
Occcidental Chemical Corp (aka
OxyChem)
Occidental Petroleum Corp
Olympic Steel
Pearson

Japan
VA
TX
TX

Vocation
Vocation
Vocation
Vocation

Labor)
Labor)
Labor)
Labor)

$343.8
$25,803.0

$3,704.0

$4,355.0

$1,174.0

1996

Nitta Gelatin

3,000

1918
1939
1952
1988

TX
OH
United Kingdom

11,000
1,670
35,000

1986
1954
1962

Vocation (Prison Labor)
Vocation (Prison Labor)
Education

$13,274.0
$1,330.7
$6,273.1

$17,318.0
$41.5
$1,031.4

N
N
N

Ryder System

FL

36,100

1933

Vocation (Prison Labor)

$7,329.6

$1,581.1

N

SO.F.TER. (Sociedad Forlivesa
Termoplasticos)
Steck Vaughn Publishing

TN

550

1980

2016

Celanese

Vocation (Prison Labor)

N

Acquired by Celanese in 2016

1993

1997

Houghton Mifflin Harcourt

Education

N

Tradex International

OH

1988

2015

Cardinal Health

Vocation (Prison Labor)

Acquired by Harcourt in 1997 as part of
National Education Corp for $800 M
Acquired by Cardinal Health in 2015

70,000

TX
55

2008

JMS Russel Metals
Occidental Petroleum Corp

(Prison
(Prison
(Prison
(Prison

PIC Revenue
Only (Y/N)
Notes
N
Sold off its electronic monitoring
businessfor $200 M and identity
management business for $850 M in
2017
N
Acquired by CRC in 2006 for $280 M;
Acquired by Acadia as part of CRC
Healthcare in 2015 for $1.18 B
N
N
Acquisition history unknown
N
N
Acquired by Pearson in 2012 for $140
M
Y
Acquired by Community Education
Centers in 2011
N
Acquired by Acadia as part of CRC
Healthcare in 2015 for $1.18 B; 2014
financials
N
Acquired by Compass Group in 2001 for
$170 M
Y
Created as specialty subsidiary and
rebranded in 2005
N
Financials converted from CAD
N
N
Adjusted EBITDA
N
Financials converted from CAD; Adjusted
EBITDA
N
N
Financials converted from EUR
N
N
N
Acquired by Nitta Gelatin in 1996 and
rebranded
N
Financials converted from JPY
N
N
Acquired by JMS Russel Metals in 2008
N
Created as specialty subsidiary

$153.5

N

Operates using various subsidiaries;
Financials converted from GBP
Operates using various local subsidiaries,
including Ryder Truck Rentals

| 87

Corporate Snapshot

Corproate Structure

HQ
Location
Bavaria

Number of
Employees

Year
Founded
1980

Year Last
Acquired
2010

Parent Company
Honeywell/Sperian

Veritiv (formerly Xpedx)
VF Imagewear (dba VF Workwear)

GA
TN

8,900

2014
1923

1986

VF Corp

Virco

CA

735

Corporate Name
Uvex (formerly Titmus)

Owner/Major Investor

1950

Business Sector
Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Industry Sub-Sector
Vocation (Prison Labor)

Last Reported Yr

Last Reported Yr

Vocation (Prison Labor)
Vocation (Prison Labor)

$8,364.7

$78.0

Vocation (Prison Labor)

$173.4

$12.3

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

$25,029.3
$5,313.8

$6,324.7
$933.5

PIC Revenue
Only (Y/N)
Notes
N
Acquired by Honeywell in 2010 as part
of Sperian for $1.4 B
N
Merger of xpedx and UWW in 2014
N
Acquired by VF Corp as part of Blue Bell
in 1986 for $378 M; Apparel lincensee
for ESPN
N

Tier 1b – Publicly Traded – Other
Corporate Snapshot

Corporate Name
Air Liquide
Airgas
American Airlines
Barnes & Noble
Coats
Crop Production Services
Ecolab
Federal Express Corp (FedEx)
Lowe's
Nutrien
Sherwin Williams
Univar

Corproate Structure

Business Sector

HQ
Location
France
PA

Number of
Employees

Year
Founded

Year Last
Acquired

Parent Company

18,000

1982

2016

Air Liquide

Industry Sub-Sector
Vocation (Prison Labor)
Vocation (Prison Labor)

TX
NY
United Kingdom
CO

126,600
26,000
19,000
350

1930
1965
1755
1859

$42,915.0
$3,894.6
$1,510.3
$7,000.0

$5,996.0
$172.2
$215.7

Nutrien

Vocation (Prison Labor)
Education
Vocation (Prison Labor)
Vocation (Prison Labor)

MN
TN
NC
Canada

48,400
400,000
290,000
20,000

1923
1971
1946
2017

Vocation
Vocation
Vocation
Vocation

Labor)
Labor)
Labor)
Labor)

$13,838.3
$60,319.0
$65,017.0
$18,250.0

$2,913.1
$8,032.0
$7,436.0
$2,720.0

OH
IL

52,695
8,600

1866
1924

Vocation (Prison Labor)
Vocation (Prison Labor)

$14,983.8
$8,253.7

$2,283.0
$561.9

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

2008

Owner/Major Investor

(Prison
(Prison
(Prison
(Prison

PIC Revenue
Only (Y/N)
Notes
N
Financials converted from EUR
N
Acquired by Air Liquide in 2015 for
$10.3 B
N
Product shipping
N
N
Adjusted EBITDA
N
Acquired by Nutrien in 2008; 2010
financials prior to acquisition
N
N
Product shipping
N
N
Merger of Agrium and PotashCorp in
2017; Adjusted EBITDA
N
N

Tier 2 – Private Equity-Owned
Corporate Snapshot

Corporate Name
American & Efird
Hobbs Bonded Fibers
Innertainment Delivery Systems
Intellectual Technology
Laird Plastics
Learning House, The
National Industrial Lumber Company
(NILCO)
Securus Technologies

HQ
Location
NC
TX

Number of
Employees
170

Corproate Structure

Year
Founded
1891
1953

Year Last
Acquired
2018
2015

2009

2017
2012

TN
CA

120

FL

400

1944

2004

KY
OH

300
350

2001
1909

2011
2017

1986

2017

TX

Parent Company

Global Tel Link (GTL)

US Lumber Group

Business Sector

Owner/Major Investor
Platinum Equity
Taglich Private Equity

Industry Sub-Sector
Vocation (Prison Labor)
Vocation (Prison Labor)

American Securities
Vicente Capital Partners

Education
Vocation (Prison Labor)

$22.0

Blackfriars Corporation

Vocation (Prison Labor)

$575.0

Weld North
Madison Dearborn Partners

Education
Vocation (Prison Labor)

$46.5
$92.0

Platinum Equity

Vocation (Prison Labor)

$415.0

$45.0

$121.0

PIC Revenue
Only (Y/N)
Notes
N
Acquired by Platinum Equity in 2018
N
Acquired by Taglich Private Equity in
2015; 2015 financials
Y
Acquired by GTL in 2017
N
Acquired by Vicente Capital Partners in
2012
N
Acquired in 2004 by Blackfriars for $65
M
N
Acquired by Weld North in 2011
N
Acquired by US Lumber in 2017
Y

Acquired by Platinum Equity in 2017 for
$1.6 B

| 88

Corporate Snapshot

Corporate Name
Tharstern

HQ
Location
United Kingdom

Number of
Employees
40

US Lumber Group

GA

560

Wilsonart (formerly ITW Decorative
Surfaces)

TX

1,380

Year
Founded
1984

1956

Corproate Structure
Year Last
Acquired
2014

Business Sector
Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Owner/Major Investor
Mobeus Equity Partners

Industry Sub-Sector
Vocation (Prison Labor)

Last Reported Yr

2017

Madison Dearborn Partners

Vocation (Prison Labor)

$136.0

2012

Clayton, Dubilier, and Rice

Vocation (Prison Labor)

$1,159.6

Parent Company

$5.1

PIC Revenue
Only (Y/N)
Notes
N
Acquired by Mobeus Equity in 2014 for
$7 M; Fiancials converted from GBP,
2013 financials
N
Acquired by Madison Dearborn Partners
in 2017
N
Investment by Clayton, Dublier & Rice in
2012, ITW retained ownership stake;
2015 financials

Tier 3 – Large Privately-Owned
Corporate Snapshot
HQ
Location
TX

Number of
Employees

Year
Founded

Bradford Soap Works
Data Recognition Corp
Essex Tech Group
FLEXcon
Groz-Beckert
Howard Industries
Jupiter Aluminum Corp
Knape & Vogt
Krueger International
Lykins Oil Company
Management & Training Corp (MTC)
Millcraft Paper
Milliken & Company
Mount Vernon Mills
Network Technology
Orafol

RI
MN
TN
MA
Germany
MS
IN
MI
WI
OH
UT
OH
SC
SC
United Kingdom
Germany

1,000
900
2,060
1,590
8,800
3,600
400
1,200
3,000
320
8,650
260
9,140
2,700
45
1,500

1876
1978
2000
1956
1852
1968
1992
1898
1941
1948
1981
1920
1865
1847
1985
1808

Original Equipment Industries
Pellerin Milnor
Ringdale
Samuel Strapping Systems
Samuel, Son & Co
SanMar
Wurth Louis & Company

NE
LA
United Kingdom
IL
Canada
WA
CA

1,110
510

1947

540
4,800
3,650
68,900

1863
1855
1971
1975

Corporate Name
ActiveLED

Corproate Structure
Year Last
Acquired

Parent Company
Network
Technology/Ringdale

Krueger International
Network Technology
Samuel, Son & Co

1997

Wurth Group

Owner/Major Investor

Business Sector
Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Industry Sub-Sector
Vocation (Prison Labor)

Last Reported Yr

Last Reported Yr

Vocation (Prison Labor)
Education
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Education
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)

$510.0
$310.0
$762.2
$276.1
$910.2
$840.0
$300.0
$287.0
$650.0
$642.2
$800.0
$265.4
$4,500.0
$559.1
$5,433.4

Vocation
Vocation
Vocation
Vocation
Vocation
Vocation
Vocation

(Prison
(Prison
(Prison
(Prison
(Prison
(Prison
(Prison

Labor)
Labor)
Labor)
Labor)
Labor)
Labor)
Labor)

$290.0
$200.0
$120.0
$3,700.0
$776.2
$133.0

$120.4

PIC Revenue
Only (Y/N)
N
Product brand
N
N
N
N
N
N
N
N
N
N
Y
N
N
N
N
N
Y
N
N
N
N
N
N

Notes

2015 financials

Financials converted from EUR

2015 financials

2015 financials
2015 financials
Financials converted from GBP
Americas subsidiary generated an
estiamted $86 M in revenues in 2016
Created as specialty subsidiary
2015 financials
Product brand
Created as specialty subsidiary
2015 financials
Acquired by The Wurth Group in 1997
as Louis & Company and rebranded;
2013 financials

| 89

Tier 4 – Small Privately-Owned
Corporate Snapshot

Corporate Name
3DA Display
4 Star Hose & Supply
Abner Henry Fine Furniture
AC Furniture
Advanced Educational Products
AF Potts Lumber Sales
AIS
Albany Foam & Supply
Albright Steel & Wire & Columbus Metals
All American Poly
Allied Elite Textiles
Allied Foam Fabricators
Altex Solutions Group
American Community Corrections Institute
American Prison Data Systems
American Tex-Chem Corporation
Amiberica
Ampac Chemical Co (formerly Aerojet Fine
Chemicals)
Aptan Corporation
ATD Capitol
Atlantic Coast Cotton
Atlantic Textiles
Avalon Eyewear
Bay Product Development
Benjamin Steel
BIISCO
Biotech Screening
Bishop & Co
Bob Barker
Brazos Diesel Service
Brenmar Construction
Bruin Plastics Company
Brulin Holding Company
Buckeye Corrugated
Burch Fabrics
Burlington Industries
California Chair
Caltak Enterprises
Capital Transportation
CAPRI Optics
Central Dakota Building Systems & Farm
Supply
CF Stinson
Chamley Pipe & Salvage
Change Companies, The
Chemical Connection Company
Chemtick Coated Fabrics
Chestnut Ridge Foam
Chillicothe Steel
Clampitt Paper
Clean Products
Coast Enterprise
Comade

HQ
Location
MI
TX
OH
VA
NY
TN
MA
NY
OK
NJ
GA
OK
AL
UT
NY
CA
IL
CA

Number of
Employees

50
500
50

1998

1931

Vocation (Prison Labor)
Vocation (Prison Labor)

1983
1918
1977
1992
1973
1989
1927
1952
1979

1977
85

2014

160
1993

NJ
WI
OH
TX
CA
HI
NC
TX
OH
RI
IN

50
280

1935
1996

12
163

1986
1972
1980

190

OH
MI
NC
CA
TX
OH
NY
ND

600

MI
ND
NV
TX
NY
PA
OH
TX
OK

65
50

CA

1964
1935
1958
1904
1923
2004
1997
1994

130
280

Year Last
Acquired

1952
1988
1989
1984
1974
1986
1992
1941
2006
1991

Parent Company

Owner/Major Investor

Business Sector

Industry Sub-Sector
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Education
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Rehab Programming
Education
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)

1991

CA
PA
VA

Year
Founded

Corproate Structure

Vocation
Vocation
Vocation
Vocation
Vocation
Vocation
Vocation
Vocation
Vocation
Vocation
Vocation
Vocation
Vocation

(Prison
(Prison
(Prison
(Prison
(Prison
(Prison
(Prison
(Prison
(Prison
(Prison
(Prison
(Prison
(Prison

Labor)
Labor)
Labor)
Labor)
Labor)
Labor)
Labor)
Labor)
Labor)
Labor)
Labor)
Labor)
Labor)

Vocation
Vocation
Vocation
Vocation
Vocation
Vocation
Vocation
Vocation

(Prison
(Prison
(Prison
(Prison
(Prison
(Prison
(Prison
(Prison

Labor)
Labor)
Labor)
Labor)
Labor)
Labor)
Labor)
Labor)

Vocation (Prison Labor)
Vocation (Prison Labor)
Rehab Programming
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

$150.0
$12.0

$43.0

PIC Revenue
Only (Y/N)
N
N
N
N
N
N
N
N
N
N
N
N
N
Y
Y
N
N
N
N
N

$35.0
$25.5
$84.0

$11.5
$83.0

$95.0

N
N
N
N
N
N
N
N
Y
N
N
N
N
N
N
N
N
N
N
N
N

$33.0
$18.7

$21.0
$170.0

N
N
N
N
N
N
N
N
N
N
Y

Notes

Recent merger of ATD-American,
AdirondackDirect, and Capitol Supply

Merger of Brulin Consolidated and Patco
Food Safety in 2015; 2015 financials

Product brand

2015 financials

2015 financials
2015 financials

| 90

Corporate Snapshot

Corporate Name
Container Supply
Convermat Corporation
Corporate Computer Solutions
Correction Enterprises
Correctional Programs
Correctional Technology Representatives
Corrective Education Company
CP Bourg
Criterion Pictures
Cusp Office Furniture
Custom Ingredients
DAF Products
DGJD
Diversion Services
Douglas Industries (aka Douglas Weave
Appeal)
Douglass Industries
Dunlap Industries
Dutch Designs
Edovo
Elbeco
Elsons International
Elytus
Envases Universales
Envirologic of New York
Ergonomic Comfort Design
Evelyn Earnest
Fabric Supply
Fibrix (formerly Polyester Fibers)
Films Media Group
Filtration Services
Fireside Office Solutions
Flippen Group
Fred Clark Felt
Freebird Publishers
Fulterer
G.A. Braun
Global Shop Solutions
Glory Foods (dba William F Williams
Company)
Green Mountain Knitting (dba Calko Group)
Grimco
Hanes Industries
Haystack Mountain
HB Plus Bandamatic
Heavy Duty Bus Parts
Henderson Sewing Machine
Herculite
Hickory Brands
Home Builders Institute
HSM Solutions
Human Kinetics
Hydradyne Hydraulics
Impact Publications
Indiana Chair Frame
Indratech
Industrial Shredders
Industrial Solutions

HQ
Location
OK
NY
NY
NC
FL
GA
UT
MA
IL
TX
TX
NJ
TX

Number of
Employees
20
50

250

Year
Founded
1969
1976
1987

2010
1969
1981
1985
1993

NJ

1954

NJ
TN
OH
IL
PA
OH
OH
Mexico
NY
CA
NC
MN
NC
NY
WI
ND
TX
TX
MA
NC
NY
TX
OH

1954
1966
23
100

2013
1984
2007
1993
1995
1993
1944
1968

163
250

1990
1953
2013
1967
1946
1976
1989

Canada
MO
TX
CO
Mexico
TX
AL
PA
NC
DC
NC
IL
TX
VA
IN
MI
OH
OH

Corproate Structure
Year Last
Acquired

2013

Parent Company

Post Modern

Owner/Major Investor

Business Sector

Industry Sub-Sector
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Education
Vocation (Prison Labor)
Education
Vocation (Prison Labor)
Education
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Rehab Programming
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Education
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Education
Vocation (Prison Labor)
Vocation (Prison Labor)
Education
Vocation (Prison Labor)
Education
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

$10.2
$30.0

$45.0

$6.0
$20.0

$48.9
$43.5

Vocation (Prison Labor)
225
1989

100

1968
1968
1954
1923
1944

370
525

23

1968
1982
1984
2003
1854
1988

Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Rehab Programming
Vocation (Prison Labor)
Education
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)

PIC Revenue
Only (Y/N)
Notes
N
N
N
Y
Y
Y
Y
N
N
Acquired by Post Modern in 2013
N
N
N
N
N
N
N
N
N
Y
N
N
N
N
N
N
N
N
N
N
N
N
N
N
Y
N
N
N
N

2015 financials

N
$99.0

$26.0

$121.4
$174.0

$18.0

N
N
N
N
N
N
N
N
N
N
N
N
N
Y
N
N
N

| 91

Corporate Snapshot

Corporate Name
Ink2Work
IntelliSit
Interstate Highway Sign
iVars
J Tech Sales
Jag Textile
Jay O'Day Inc
JDS Industries
Jenny Service
Jiffy Food Service
JobView
John R Wald
JVL Education
Knowledge Unlimited
Light Corp
Lincoln Electric
LiteracyPro Systems
Longhorn International Trucks Ltd
Mandel Metals
Mann Signs
Mark My Words
Mayer Fabrics
MDSolutions
Middle Street Publishing
Midway Auto Supply
MINNCOR Industries
Moduform
Momentum Textiles (formerly Momentum
Group)
Multi-Health Systems Inc. (dba MHS
Assessments)
National Food Group
New York Eye
Nightingale
Norix Group
North Shore Supply Company (dba North
Shore Steel)
Oklahoma Court Services
Olmsted-Kirk Paper
Olympic Sales
Package Concepts & Materials
Parisian Knitting Mills
PelRay International
Perma Bound
Phoenix Learning Group
Pipe Movers Inc (dba PMI Steel Pipe)
Plascon Group
Pollock Investments
PortionPac Chemical Corp
Post Modern
Prime Lube
Prison Education
Professional Distribution Center
QMF Steel
Quality Metals
Quixotic Farming
Ragold Corp
Raytex Fabrics
Recycled Systems Furniture

HQ
Location
VA
NC
AR
WI
FL
FL
CA
SD
NV
MI
MN
PA
FL
WI
MI
OH
CO
TX
IL
ND
AZ
IN
OH
VA
TX
MN
MA
CA

Number of
Employees

OK
TX
ND
SC
Canada
TX
IL
MO
TX
MI
TX
IL
CA
NJ
VA
TX
TX
FL
CO
NY
OH

Year Last
Acquired

Parent Company

1959
2006
1997
2012
300
20

1973
1994
1995

210
60

70

150
160

NY
MI
NY
Canada
IL
TX

Year
Founded

Corproate Structure

1924
1996
1983
1987
1895
1995
1976
1968
2005
1897
2001

1994
1976

1990
1978
1928
1983
1955

Vocation
Vocation
Vocation
Vocation
Vocation

1980
1968
1954
1973

100
51
80
250
90

1999
1918
1964
1977
1987
Middle Street Publishing

40

1994
1941
2011
1977
1899
1992

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

$127.0
$20.0

$190.0
$15.0

$18.0

$15.0
$19.0

Other

1905
75

Industry Sub-Sector
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Education
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Education
Education
Vocation (Prison Labor)
Vocation (Prison Labor)
Education
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Education
Vocation (Prison Labor)
Vocation (Prison Labor)
Education
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)

1983
95
110
175
80
440

Owner/Major Investor

Business Sector

(Prison
(Prison
(Prison
(Prison
(Prison

PIC Revenue
Only (Y/N)
Notes
Y
N
N
N
N
N
Y
N
2015 financials
N
N
Y
Exclusive distribution agreement with
Securus
N
N
N
N
N
N
N
N
N
N
N
N
Y
N
Y
N
N
2015 financials
N

Labor)
Labor)
Labor)
Labor)
Labor)

Rehab Programming
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Education
Education
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Education
Vocation (Prison Labor)
Education
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)

$113.4
$14.0
$40.0
$19.2
$104.0

$38.0

$26.0
$20.8
$33.6
$45.0
$19.8

$14.0

N
N
N
N
N
Y
N
N
N
N
N
N
N
N
N
N
N
N
N
Y
N
N
N
N
N
N
N

Background screening

2015 financials

2015 financials

2015 financials
2015 financials

Product brand

| 92

Corporate Snapshot

Corporate Name
Remagen
Rochester Aluminum
Rush Truck Center
Scooter Shak
Service Steel & Pipe
Seven Fires Business Solutions
Shopbot Tools
Shuford Yarns
Sign Pro
Signature Packaging Solutions
Signs By Jan
Sky Resources
Southern Aquatic Fish
Southern Index
Southside Trailer Service
Spec-Tex
State Narrow Fabrics
Stellar Marketing
Stormin Norman's Optical Supplies
Streets2Schools
Stur-D
Superior Silk Screen
Swank Motion Pictures
Syracuse Trailer Sales, Service & Leasing
(dba STS Trailer)
Tabb Textile
Tem-Tex Solvents
Texas Iron And Steel
Textile Tapes Corporation
TP Mechanical Contractors
Troxell Communications
Tyer-A
Unisource Office Parts
UNIT Innovations (dba Golden Eagle Law
Enforcement)
United Fabrics
University Loft Company
UTSCH
VIA Seating
Vulcan Signs
Warren Truck & Trailer
WasteCo Supply
Weaver Leather
Wesnic

HQ
Location
OH
Canada
TX
ND
LA
ND
NC
NC
ND
WA
ND
OH
GA
GA
NY
FL
NY
FL
FL
CA
ND
ND
MO
NY
AL
TX
TX
NH
OH
AZ
TX
MI
TX
NJ
IN
Germany
NV
AL
TX
ND
OH
FL

Number of
Employees

250

30

Year
Founded
1961
1957
1965
1980
1975
1996
1880

1988
1974
2000
1985

2000

200
80

1979
1937
1949
1972
1990

610
300

60
250

1953
1946

1986
1961
1966
2002

210

1973
1983

Corproate Structure
Year Last
Acquired

Parent Company

Owner/Major Investor

Business Sector

Industry Sub-Sector
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Rehab Programming
Vocation (Prison Labor)
Vocation (Prison Labor)
Education
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Vocation (Prison Labor)
Education
Education
Vocation (Prison Labor)
Education
Vocation
Vocation
Vocation
Vocation
Vocation
Vocation
Vocation
Vocation
Vocation

(Prison
(Prison
(Prison
(Prison
(Prison
(Prison
(Prison
(Prison
(Prison

Labor)
Labor)
Labor)
Labor)
Labor)
Labor)
Labor)
Labor)
Labor)

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

$153.0

$18.0
$16.2

$78.0
$28.8

$122.0
$65.0

$13.2
$75.0

$75.0

PIC Revenue
Only (Y/N)
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
Y
N
N
N
N
N
N
N
N
N

Notes

2015 financials

2015 financials

| 93

Tier 1a – Publicly Traded – Targeted Correctional Exposure
Corporate Snapshot

Corporate Name
CenturyLink
Unisys

HQ
Location
LA
PA

Number of
Employees
51,000
21,000

Year
Founded
1968
1970

Corproate Structure
Year Last
Acquired

Parent Company

Owner/Major Investor

Business Sector

Industry Sub-Sector
Prisoner Communications
Prisoner Communications

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

$17,656.0
$2,820.7

$5,945.0
$203.2

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

PIC Revenue
Only (Y/N)
N
N

Notes

Tier 1b – Publicly Traded – Other
No applicable entities

Tier 2 – Private Equity-Owned
Corporate Snapshot

Corporate Name
Cellblox

HQ
Location
AL

Number of
Employees

Corproate Structure

Year
Founded

Year Last
Acquired
2015

Parent Company
Securus Technologies

Owner/Major Investor
Platinum Equity

Business Sector

PIC Revenue
Only (Y/N)
Notes
Y
Acquired by Securus in 2015

ConnectNetwork
Digital Solutions / Inmate Telephone (DSI)
DirectHit Systems

VA
PA
FL

1984
2005

2010
2012

Global Tel Link (GTL)
Global Tel Link (GTL)
Securus Technologies

American Securities
American Securities
Platinum Equity

Evercom Systems (formerly Talton Holidings)

TX

1996

2004

Securus Technologies

Platinum Equity

Industry Sub-Sector
Telecom Surveillance &
Security
Prisoner Communications
Prisoner Communications
Telecom Surveillance &
Security
Prisoner Communications

Gateway Technologies

TX

1995

1999

Securus Technologies

Platinum Equity

Prisoner Communications

Global Tel-Link (GTL)

AL

550

1980

2011

American Securities

Prisoner Communications

$714.3

Y

ICSolutions

CA

110

2002

2010

TKC Holdings/Keefe
Group

HIG Capital

Prisoner Communications

$146.0

Y

JLG Technologies

MA

2005

2014

Securus Technologies

Platinum Equity

2002

2015

Securus Technologies

Platinum Equity

Telecom Surveillance &
Security
Tablets

1996
1987
2003
2004

2012
2010
2014
2013

Securus Technologies
Global Tel Link (GTL)
Global Tel Link (GTL)
Securus Technologies

Platinum Equity
American Securities
American Securities
Platinum Equity

JPay
Pigeonly
Primonics
Public Communications Services
Renovo Software
Satellite Tracking of People

FL
NV
Canada
CA
MN
TX

255

Prisoner Communications
Prisoner Communications
Prisoner Communications
Prisoner Communications
Telecom Surveillance &
Security

Y
Y
Y

Product brand
Acquired by GTL in 2010
Acquired by Securus in 2012

Y

Acquired by HIG (PE) in 2004; Merged to
form Securus
Acquired by T-Netix, predecessor to
Securus, in 1999 for $35.2 M
Acquired by American Securities in 2011
for $1 B in 2011
Acquired by Centric Group/Keefe Group
in 2010 and then by HIG in 2016 as
part of Centric Group (required FCC
approval)
Acquired by Securus in 2014

Y

Y
$70.4

$14.8

Y
Y
Y
Y
Y
Y

Acquired by Securus in 2015 for $250
M; 2014 financials prior to acquisition
Acquired by Securus in 2012
Acquired by GTL in 2010
Acquired by GTL 2014
Acquired by GTL in 2013

| 94

Corporate Snapshot

Corporate Name
Securus Technologies

HQ
Location
TX

Number of
Employees

Year
Founded
1986

Corproate Structure
Year Last
Acquired
2017

Parent Company

1995

Business Sector

Owner/Major Investor
Platinum Equity

Industry Sub-Sector
Prisoner Communications

Securus Technologies

Platinum Equity

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

$415.0

$121.0

PIC Revenue
Only (Y/N)
Notes
Y
Acquired by Platinum Equity in 2017 for
$1.6 B
Y
Acquired by T-Netix for $3 M

SpeakEZ

CO

Telequip Labs

NV

1987

2001

Securus Technologies

Platinum Equity

Telecom Surveillance &
Security
Prisoner Communications

Telerus
T-Netix (formerly Tele-Matic)

CO
TX

2006
1986

2014
2004

Securus Technologies
Securus Technologies

Platinum Equity
Platinum Equity

Prisoner Communications
Prisoner Communications

Y
Y

Value Added Communications
Verizon Business Department of Corrections
Division

TX
NY

1988

2011
2006

Global Tel Link (GTL)
Global Tel Link (GTL)

American Securities
American Securities

Prisoner Communications
Prisoner Communications

N
Y

Y

Acquired by T-Netix, predecessor to
Securus, in 2001
Acquired by Securus in 2014
Acquired by HIG (PE) in 2004; Merged to
form Securus
Acquired by GTL in 2011
Verizon acquired MCI's corrections
business in their acquisition of MCI and
sold it to GTL in 2006; Verizon sold its
own corrections business in 2005

Tier 3 – Large Privately-Owned
No applicable entities

Tier 4 – Small Privately-Owned
Corporate Snapshot

Corporate Name
American Phone Systems
American Prison Data Systems
AmTel
BINJ Laboratories
Bridge Communications
Central Oklahoma Telephone
Coin Phone Management Company
(CPMC)
Combined Public Communications
ConsCallHome
Consolidated Telecom
Corrlinks

HQ
Location
LA
NY
GA
MA
NJ
OK
KY
KY
FL
TX
IA

CPMC Corrections
Diaphonics Sound Security

KY
MA

Dynalec Corporation
Edovo
EIA Networked Technologies
Gladiator Forensics

NY
IL
NY
FL

Number of
Employees

Year
Founded

Corproate Structure
Year Last
Acquired

Parent Company

40

1936
1986

Industry Sub-Sector
Prisoner Communications
Tablets
Prisoner Communications
Telecom Surveillance &
Security
Prisoner Communications
Prisoner Communications
Prisoner Communications

17

1994
2008
1995
2004

Prisoner
Prisoner
Prisoner
Prisoner

1992

1986
2000
150
23

2013
1977
2014

Millicorp/Inmate Direct
Advanced Technologies
Group

Owner/Major Investor

Business Sector

Communications
Communications
Communications
Communications

Prisoner Communications
Telecom Surveillance &
Security
Prisoner Communications
Prisoner Communications
Security Technology
Telecom Surveillance &
Security

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

$13.3

$11.9

PIC Revenue
Only (Y/N)
Y
Y
Y

Notes

Y
N
N
N
Y
Y
Y

Product brand
Product brand

Y
Y

$40.0
$6.0

N
Y
Y
N
Y

| 95

Corporate Snapshot

Corporate Name
Guarded Exchange
HomeWAV
Independent Technologies (dba Wintel)
Inmate Call Services
Inmate Direct
iWebVisit
JailATM
Jmail
Lantana Communications
Lattice
Legacy Inmate Communications
M2 Technology
Mercury Communication Services of Austin
Millicorp
NCIC Inmate Communications
Nexlog

HQ
Location
MO
MO
NE
FL
FL

CA
TX
NJ
CA
TX
TX
FL
TX
NJ

Outside Connection
P&C Communications

TX

Pay Tel Communications
Prison Inmates Online
Purple Communications
ShawnTech
Sydaptic
Talkaphone
TalkTelio
Tech Friends
TeleGen Solutions
Telmate (formerly Pinnacle)
TurnKey Corrections
Visionality
CourtSmart Digital Systems

NC
CA
CA
OH
TX
IL
FL
AR
OK
ID
WI
TX
MA

Montgomery Technology InCorp (MTI)
Voice Analysis Technologies

AL
WI

Number of
Employees

160

Year
Founded
2003

Corproate Structure
Year Last
Acquired

Parent Company

2011
1985
Millicorp

Prison Inmates Online
65

30

70

1990
1973
1996
2000
2005
2008
1995
1971
2002
1998

85

1986

1,200
79

2002
1993
1998
1937

125
30

2011
1997
1998
1998
1985
1997
1987

Owner/Major Investor

Business Sector

Industry Sub-Sector
Telecom Surveillance &
Security
Prisoner Communications
Prisoner Communications
Prisoner Communications
Prisoner Communications
Prisoner Communications
Prisoner Communications
Prisoner Communications
Prisoner Communications
Prisoner Communications
Prisoner Communications
Prisoner Communications
Prisoner Communications
Prisoner Communications
Prisoner Communications
Telecom Surveillance &
Security
Prisoner Communications
Telecom Surveillance &
Security
Prisoner Communications
Prisoner Communications
Prisoner Communications
Prisoner Communications
Prisoner Communications
Prisoner Communications
Prisoner Communications
Prisoner Communications
Prisoner Communications
Prisoner Communications
Prisoner Communications
Prisoner Communications
Telecom Surveillance &
Security
Prisoner Communications
Telecom Surveillance &
Security

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

$48.0

$18.5

$120.7

$30.1

PIC Revenue
Only (Y/N)
Y
Y
N
Y
Y
Y
Y
Y
N
Y
Y
N
N
N
Y

Notes

Product brand
Also, offers a care package service
Product brand

N
Y

$36.0
$100.0
$19.9

$10.6
$17.0

N
Y
Y
N
Y
Y
N
N
Y
N
Y
Y
N
Y
Y
N

| 96

Tier 1a – Publicly Traded – Targeted Correctional Exposure
Corporate Snapshot

Corporate Name
American Corrections Transportation
Avis
Extradition Corp of America

HQ
Location

Number of
Employees

Year
Founded

NJ

31,000

1946
1985

E-Z-GO
GEICO

GA
MD

General Motors
GEO Transport
Greyhound Lines

MI
FL
TX

Motor Coach Industries

IL

Navistar
New Flyer Industries (NFI Group)
OnStar

36,000
180,000

1954
1936

Corproate Structure
Year Last
Acquired
1990

1990
1960
1995

1908
2007
1914

2007

1933

2015

1831
1930
1996

Parent Company
CoreCivic/TransCor

Owner/Major Investor

CoreCivic/TransCor

Business Sector
Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Industry Sub-Sector
Prisoner Transportation

Last Reported Yr

Last Reported Yr

PIC Revenue
Only (Y/N)

Agency Transportation
Prisoner Transportation

$8,848.0

$2,430.0

Y
N

Textron
Berkshire Hathaway

Agency Transportation
Other

GEO Group, The
FirstGroup

Other
Prisoner Transportation
Prisoner Transportation

New Flyer Industries (NFI
Group)

Y
N

$145,588.0

$22,277.0

N
N
Y

$894.0

$110.4

N

$613.1
$8,570.0
$2,381.9

$76.8
$582.0
$318.0

N
N
N

$1,623.9

$79.6

N
N

$7,329.6
$14,198.0

$1,581.1
$1,383.0

N
N

Prisoner Transportation

IL
Canada
MI

12,300
5,800

Prisoner Transportation
Prisoner Transportation
Other

Providence Services Corp
Ryder System

CT
FL

7,100
36,100

1996
1933

Prisoner Transportation
Agency Transportation

Textron
TransCor America

RI
TN

37,000
105

1923
1990

1994

CoreCivic

Agency Transportation
Prisoner Transportation

Tri-County Extradition

CA

1986

2003

CoreCivic/TransCor

Prisoner Transportation

General Motors

$4.1

Y
Y

Notes
Merged with Extradition Corp of America
to form TransCor in 1990
Merged with American Corrections
Transportation to form TransCor in 1990
Acquired by Textron in 1960
Acquired by Berkshire Hathaway in 1995
for $2.3 B
Created as specialty subsidiary
Acquired by First Group in 2007 for $2.8
B; Transportation for released prisoners;
EBITDA converted from GBP
Acquired by New Flyer Industries in 2015
for $455 M; 2015 pro forma financials;
Adjusted EBITDA
Adjusted EBITDA
Adjusted EBITDA
Created by GM in partnership Electronic
Data Systems and Hughes Electronics
Corp
Adjusted EBITDA
Operates using various local subsidiaries,
including Ryder Truck Rentals

Merger of Extradition Corp of America
and American Corrections Transport;
Acquired by CoreCivic in 1994
Acquired by TransCor/CoreCivic in
2003

Tier 1b – Publicly Traded – Other
Corporate Snapshot

Corporate Name
Advance Auto Parts
American Airlines
Buick

HQ
Location
VA
TX
MI

Chevrolet

MI

Federal Express Corp (FedEx)

TN

Number of
Employees
74,000
126,600

Year
Founded
1929
1930
1908
1911

400,000

1971

Corproate Structure
Year Last
Acquired

Parent Company

Owner/Major Investor

Business Sector

General Motors

Industry Sub-Sector
Agency Transportation
Other
Agency Transportation

General Motors

Agency Transportation
Other

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

$9,373.8
$42,915.0

$819.5
$5,996.0

$60,319.0

$8,032.0

PIC Revenue
Only (Y/N)
Notes
N
N
Product shipping
Operates using various regional
N
delearships
Operates using various regional
N
delearships
N
Product shipping

| 97

Corporate Snapshot

Corporate Name
Ford Motor Company
Geely
General Parts Distribution (dba CarQuest)
Guard Force International
Volvo

HQ
Location
MI

Number of
Employees
202,000

Year
Founded
1903

China
NC

50,000

1997
1961

TX
Sweden

2006
1927

Corproate Structure
Year Last
Acquired

2014

2010

Parent Company

Owner/Major Investor

Business Sector

Industry Sub-Sector
Agency Transportation
Agency Transportation
Agency Transportation

Advance Auto Parts

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

PIC Revenue
Only (Y/N)

$156,776.0
$14,841.7

$20,862.0
$2,328.0

N
N
N
N

Prisoner Transportation
Agency Transportation

Geely

N

Notes
Operates using various regional
delearships
Acquired by Advance Auto Parts in 2013
for $2.0 B
Acquired by Geely in 2010 for $1.5 B;
Operates using various regional
delearships

Tier 2 – Private Equity-Owned
No applicable entities

Tier 3 – Large Privately-Owned
Corporate Snapshot

Corporate Name
Automotive Rental Inc (dba ARI)
Holman Automotive Group
Pon
Van Bortel Group

HQ
Location
NJ
NJ
Netherlands

Number of
Employees
2,800
2,332
12,052

Year
Founded
1948
1924
1895

NY

335

1985

Corproate Structure
Year Last
Acquired

Parent Company
Holman Automotive Group

Owner/Major Investor

Business Sector

Industry Sub-Sector
Agency Transportation
Agency Transportation
Agency Transportation
Agency Transportation

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

$2,964.1
$7,310.1
$320.0

PIC Revenue
Only (Y/N)
Notes
N
Created as specialty subsidiary
N
2015 financials; Financials converted
N
from EUR
N

Tier 4 – Small Privately-Owned
Corporate Snapshot

Corporate Name
316 VanGo
A To Z Prison Service
ABC Companies
Aedec Pro Straints
American Aluminum Accessories
Angel Armor
A-Z Used Bus Sales
Beam Mack Sales & Service
Bird Tire Sales and Service
Black Talon Enterprises
Blakeney Transportation
Bob Ross Auto

HQ
Location
NY
NY
NJ
WA
FL
CO
CA
NY
TX
CA
PA
OH

Number of
Employees

Year
Founded

1950
60

300

1992
2004
1976
1951
2008

91

1974

Corproate Structure
Year Last
Acquired

Parent Company

Owner/Major Investor

Business Sector

Industry Sub-Sector
Visitor Transportation
Visitor Transportation
Prisoner Transportation
Prisoner Transportation
Prisoner Transportation
Prisoner Transportation
Prisoner Transportation
Agency Transportation
Other
Prisoner Transportation
Visitor Transportation
Agency Transportation

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

$15.6

$177.0

$80.3

PIC Revenue
Only (Y/N)
Y
Y
N
Y
N
N
N
N
N
Y
N
N

Notes

| 98

Corporate Snapshot

Corporate Name
Brelyn Transportation
Brooking Industries
California Prison Visitor Transit
Central PA Transport
Court Services
Cruisers Corp
David Tours
Dodgen Mobile Technologies
Duals Roundtrip Transportation
Emergency Vehicle Specialists
Family Ties
Flamboyant Bus Services
Fleet Safety Equipment
Florida Transportation System
Freightliner of Austin
Great Lakes Coach Sales
Halal Traveling
Hargrove Transportation Services
Havis
HMB Transportation
HubKing Bus
In-Custody Transportation
Inmate Services Corp
J & W Transportation
K & S Shuttles
Knox Transportation
Koda Auto
Laguna 3P Manufacturing
Lallave Transportation
Leuner (dba Northeast Great Dane Trailers)
Lindsay Transit
Local Transportation for Prisoners
Love 1's Transportation
Mannys’ Bus Service
Mao & Ed's Bus Service
Mavron
Mel’s Van Rides
MFM Sensors
Mountain High Transportation Group
MWE Transport
Network Connect Tours
New First Class Transportation
Peter Tours Express
Premier Ride/ Mondial Motors
Prison Gap
Prison Transportation Service Express
Prisoner Transportation Services (PTS of
America)
Protech
Quality Vans & Speciality Vehicles
Rambo's Van Service
Ride & Rebuild
Ride Along Transportation
Rowland Enterprises
Safety Lighting & Equipment
Security Transport Services
Setina
Smiles Public Safety Store
Southern Missouri Judicial Services
Southside Trailer Service

HQ
Location
PA
FL
CA
PA
CA
MI
PA
IA
PA
CA
PA
NY
TN
FL
TX
MI
PA
DE
PA
NY
NY
CA
AR
PA
NY
PA
IL
NV
PA
NJ
PA
OH
PA
NY
PA
IN
NY
WA
PA
PA
PA
PA
NY
PA
NY
CA
TN
WA
AZ
NY
PA
PA
PA
MA
KS
WA
AR
MO
NY

Number of
Employees

Year
Founded

Corproate Structure
Year Last
Acquired

1986

2003
1980
1977
2008

90

300

1980
1983
1955
1951

1928
2016
2008
2011

2006
1992
230

1973

1992
1973

2007

2011
2011
1980
1974
1999
2016

160

1990
1962
2008
1974

2012

Parent Company

Owner/Major Investor

Business Sector

Industry Sub-Sector
Visitor Transportation
Prisoner Transportation
Visitor Transportation
Visitor Transportation
Prisoner Transportation
Prisoner Transportation
Visitor Transportation
Prisoner Transportation
Visitor Transportation
Agency Transportation
Visitor Transportation
Visitor Transportation
Prisoner Transportation
Prisoner Transportation
Other
Prisoner Transportation
Visitor Transportation
Visitor Transportation
Prisoner Transportation
Visitor Transportation
Visitor Transportation
Prisoner Transportation
Prisoner Transportation
Visitor Transportation
Visitor Transportation
Visitor Transportation
Prisoner Transportation
Prisoner Transportation
Visitor Transportation
Agency Transportation
Visitor Transportation
Prisoner Transportation
Visitor Transportation
Visitor Transportation
Visitor Transportation
Prisoner Transportation
Visitor Transportation
Other
Visitor Transportation
Visitor Transportation
Visitor Transportation
Visitor Transportation
Visitor Transportation
Visitor Transportation
Visitor Transportation
Visitor Transportation
Prisoner Transportation
Prisoner Transportation
Prisoner Transportation
Visitor Transportation
Visitor Transportation
Visitor Transportation
Visitor Transportation
Prisoner Transportation
Prisoner Transportation
Agency Transportation
Prisoner Transportation
Prisoner Transportation
Agency Transportation

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

$53.1

$81.0

$140.0

$41.6

$16.2

PIC Revenue
Only (Y/N)
Notes
Y
Y
Y
Y
Y
Y
N
N
N
N
Y
Y
N
N
N
N
Acquired by TESCO in 2012
Y
Y
N
Y
Y
Y
Y
Y
Y
N
N
N
N
N
N
Y
Y
N
N
N
Y
N
Y
N
N
Y
Y
N
Y
Y
Y
N
N
N
Y
Y
N
Y
Y
N
Y
Y
N

| 99

Corporate Snapshot

Corporate Name
Starside Security and Investigation
Statewide Prisoner Transport
Streit Group
Syracuse Trailer Sales, Service & Leasing
(dba STS Trailer)
T3 Motion
Tactical Vehicle Outfitters
Tampa Truck Center
Terradyne Armored Vehicles
Texas Prisoner Transportation Services
Tom & Judy's Public Safety Supplies &
Service
Tony Transit
Trailboss Enterprises
Transportation Equipment Sales Corp (dba
TESCO)
Turtle Top
US Fugitive Recovery & Extradition
US Prisoner Transport (aka Brevard
Extraditions)
Valley Metro Security
Visit Vans
Visitors Connection
WarEagle Security Services
We Connect Transportation
Wheeler Transportation
Wheels Take You There
Wisconsin Lock & Load Prisoner Transports
Yankee Trails

Corproate Structure

HQ
Location
CA
MI
France

Number of
Employees
150

Year
Founded

641

1992

Industry Sub-Sector
Prisoner Transportation
Prisoner Transportation
Agency Transportation

NY

80

1949

Agency Transportation

2000

Agency Transportation
Agency Transportation
Agency Transportation
Agency Transportation
Prisoner Transportation
Prisoner Transportation

CA
OK
FL
Canada
TX
IL
PA
AK
OH

Year Last
Acquired

Business Sector

Parent Company

110
2011

Owner/Major Investor

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

$28.8

$11.0
$130.9

$100.0

$13.4

PIC Revenue
Only (Y/N)
Notes
N
Y
N
Financials converted from EUR; 2014
financials
N
N
N
N
N
Y
Y

1994
1937

Visitor Transportation
Prisoner Transportation
Prisoner Transportation

IN

1962

Prisoner Transportation

N

MN
FL

2006

Prisoner Transportation
Prisoner Transportation

Y
Y

Prisoner Transportation
Visitor Transportation
Visitor Transportation
Prisoner Transportation
Visitor Transportation
Visitor Transportation
Visitor Transportation
Prisoner Transportation
Visitor Transportation

N
N
Y
N
Y
N
N
Y
N

TX
PA
PA
TX
PA
PA
PA
WI
NY

85

2001

2014

100

2006
1957

2015

Prisoner Transportation
Services (PTS of America)

$12.0

Y
Y
N

Operates using various local subsidiaries,
including Great Lakes Coach
Partners with Emerald Correctional
Management
Acquired by Prisoner Transport Services in
2015

| 100

Tier 1a – Publicly Traded – Targeted Correctional Exposure
No applicable entities

Tier 1b – Publicly Traded – Other
Corporate Snapshot

Corporate Name
iHeartMedia (formerly Clear Channel
Communications)

HQ
Location
TX

Number of
Employees
18,700

Year
Founded
1972

Corproate Structure
Year Last
Acquired

Parent Company

Owner/Major Investor

Business Sector

Industry Sub-Sector
Other

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

$6,273.6

$2,139.9

PIC Revenue
Only (Y/N)
Notes
N
Filed for bankruptcy in 2018

Tier 2 – Private Equity-Owned
No applicable entities

Tier 3 – Large Privately-Owned
No applicable entities

| 101

Tier 4 – Small Privately-Owned
Corporate Snapshot

Corporate Name
American Prison Consultants
Corrections Connection Network News, The
(aka Corrections.com)
DePaolo Crosby Reporting Service
eScribers
Executive Prison Consultants
Felony Prison Consultants
Jail Time Consulting
Justice Solutions of American
Midtown Reporting Service
My Federal Prison Consultant
National Prison & Sentencing Consultants
Praetorian Digital
Precise Court Reporting Services
Prison Coach (formerly Incarceration
Optimization Program)
Prison Coach Speaking & Consulting
Prison Consulting Group
Schmieder & Meister Court Reporters
Tarheel Canine Training
Wall Street Prison Consultants
White Collar Advice
Worldwide Canine

HQ
Location
CA
MA
NY
AZ
ID
CA
UT
FL
NY
NY
TN
CA
NY

Number of
Employees

Year
Founded
2005
1996
1985
2005

1985

101

2001
1999
2002
2004

FL
NY
NC
NY
CA
TX

1975
1994
2007
2008
1994

Corproate Structure
Year Last
Acquired

Parent Company

Owner/Major Investor

Business Sector

Industry Sub-Sector
Other
Other
Other
Other
Other
Other
Other
Other
Other
Other
Other
Other
Other
Other
Other
Other
Other
Other
Other
Other
Other

Annual
Revenues ($Mn)

Financials
Annual
EBITDA ($Mn)

Last Reported Yr

Last Reported Yr

$18.0

PIC Revenue
Only (Y/N)
Notes
Y
Prisoner consulting
Y
Corrections media
Y
Y
Y
Y
Y
Y
N
Y
Y
Y
Y
Y

Hearing transcription
Hearing transcription
Prisoner consulting
Prisoner consulting
Prisoner consulting
Prisoner consulting
Hearing transcription
Prisoner consulting
Prisoner consulting
Digital marketing
Hearing transcription
Prisoner consulting

Y
Y
N
N
Y
Y
N

Prisoner consulting
Prisoner consulting
Hearing transcription
Prisoner consulting
Prisoner consulting

| 102

I.

Corporate Identification

The Corrections Accountability Project began research for this report in June of 2017, when 2016 corporate information and state spending
data was often the most recently available full-year data. Accordingly, information collected early on may already be outdated. Additionally,
while the authors made best efforts to track corporate mergers, acquisitions, and divestments, details regarding corporate structure or exposure to
the prison industrial complex may already be outdated. The authors expect this report to serve as a starting point for readers delving further into
the expansive world of the prison industrial complex and the corporate players capitalizing on it.

A.

State Correctional Spending

The authors analyzed the annual corrections spending of four states, each of which has the largest incarcerated population within its
geographic region: Florida (Southeast; 101,424), New York (Northeast; 51,727), Ohio (Midwest; 52,233), and Texas (Southwest;
163,909). From the annual spending data of each state, the authors included the name of every for-profit, private vendor paid
$150,000 or more by the state’s correctional agency in this report.
State detail and sources:







For Florida, the authors analyzed the Florida Department of Corrections’ FY 2017 spending using the State of Florida
Vendor/Payee Payments System (https://fs.fldfs.com/dispub2/newvpymt4.shtml) and contracts, grant awards, and purchase
orders using the Florida Accountability Contract Tracking System (https://facts.fldfs.com/Search/ContractSearch.aspx).
For New York, the authors analyzed the New York State Department of Corrections and Community Supervision’ FY 2017
spending using the New York Open Book – Spending (http://wwe2.osc.state.ny.us/transparency/spending/spndMain.cfm).
The authors also analyzed current contracts as of February of 2018 using the New York Open Book – Contracts
(http://wwe2.osc.state.ny.us/transparency/contracts/contractsearch.cfm) and included any for-profit, private vendor with a
contract valued at $1,000,000 or more.
For Ohio, the authors analyzed the Ohio Department of Rehabilitation and Corrections’ FY 2017 spending using the Ohio
Checkbook (http://ohiotreasurer.gov/Transparency/Ohios-Online-Checkbook).
For Texas, the authors analyzed the Texas Department of Criminal Justice’ FY 2016 spending using the Texas State Spending
Transparency Visualizations (https://comptroller.texas.gov/transparency/spending/visualizations.php) and included any forprofit, private vendor that was paid $50,000 or more.
| 103

By focusing on the largest correctional systems in each region, the authors captured not just the largest national players, but also the
largest regional players. The authors sought to include California to capture the western region of the U.S., but California state spending
data is not readily available. Thus, while this report includes all major for-profit correctional players given the highly monopolized nature
of the prison industrial complex, it is possible that it underrepresents regional correctional vendors whose operations are restricted to
California, Oregon, Washington, Montana, Idaho, Nevada, Utah, Colorado, and Wyoming.

B.

Federal Correctional Spending

U.S. Department of Justice spending data is available at USAspending.gov (https://www.usaspending.gov/) and was reviewed by the
authors. However, this source does not parse out spending specific to the Federal Bureau of Prisons nor does it aggregate total agency
payments by vendor. Consequently, a detailed analysis of federal correctional spending could not be conducted to identify for-profit,
private vendors paid $150,000 or more by the Federal Bureau of Prisons as was intended. However, with federal prisons located all
over the U.S. and correctional vendors operating largely on a national or regional scale, the state research likely uncovered most
correctional vendors contracting with the federal system. Still, without a systematic analysis of federal correctional spending, there is a
possibility that the Federal Bureau of Prisons’ vendors are underrepresented in this report.

C.

Corrections and Law Enforcement Associations

The authors reviewed and included the corporate sponsors, partners, affiliates, and members of national corrections and law enforcement
associations as well as many of the vendors listed in their professional marketplaces where available and accessible. More specifically,
the authors reviewed the American Correctional Association, Association of State Correctional Administrators, American Jail Association,
American Parole and Probation Association, Association of Women Executives in Corrections, National Association of Blacks in Criminal
Justice, National Organization of Hispanics in Criminal Justice, National Sheriffs’ Association, National Correctional Industries
Association, Corrections Technology Association, Association of Public-Safety Communications Officials, Integrated Justice Information
Systems Institute, and the National Law Enforcement Telecommunications System.

D.

Advocacy Resources, Media Articles, and General Search

The authors reviewed hundreds of reports, articles, and resources published by other criminal justice organizations and reputable media
outlets covering the prison industrial complex and its corporate players. The authors also conducted broader internet searches using
keywords that produced additional corporate names.

E.

Other

For simplicity, the authors aggregated or omitted certain types of corporate correctional vendors:
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


II.

The authors aggregated local car dealership franchises under the corporate car manufacturer.
The authors excluded single or limited partner medical and legal practices, single or limited property realty companies, and hotels
used for staff travel.

Corporate Data & Sources

Most information provided for each listed corporation was taken directly from its website or the online presence of its subsidiary or parent
company. State budget data, press releases, advocacy reports, and media articles also provided critical information about the listed
corporations. Available in the online version, the source columns provide the major information sources for each listed corporation.

A.

Active Brand (column available online only)

Demarcates corporations that are still active under the listed corporate name and those that are not. Corporations marked “N” are no
longer operating under the listed corporate name, but may have been acquired and rolled into another corporation. See “Notes” for
details.

B.

HQ Location

State or country of corporate headquarters of the listed corporation.

C.

Number of Employees

Number of people employed by the listed corporation.

D.

Year Founded

Year the listed corporation or its direct predecessor(s) was founded.

E.

Year Last Acquired

Year the listed corporation was last acquired either directly or indirectly through the acquisition of a parent company by either an industry
competitor or financial investor (e.g. private equity firm). See “Parent Company”, “Owner/Major Investor”, and “Notes” for more
information.

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F.

Corporate Structure
 Parent Company
The parent company of the listed corporation if it is a subsidiary of a larger corporation or holding company. See “Notes” for
acquisition information.

 Owner/Major Investor
Any major private equity investors of the listed corporation. Some major investors may hold a minority stake. See “Notes” for
acquisition and investment information.

 Public Exposure (column available online only)
The listed corporation’s level of public exposure based on its most senior corporate owner or investor:
o Tier 1a - Publicly Traded - Targeted Correctional Exposure: Corporations that are publicly traded on any
international stock market and have a business segment targeting the prison industrial complex in its business
model or through marketing, advertising, or sponsorships
o Tier 1b - Publicly Traded – Other: Corporations that are publicly traded on any international stock market and
are unintentionally or unknowingly engaged in the prison industrial complex
o Tier 2 - Private Equity-Owned: Corporations that are privately held and owned or heavily supported by private
equity investors
o Tier 3 - Large Privately-Owned, Requires Outside Financing: Corporations that are privately held and have
or are estimated to have $200 million or more in annual revenues and likely require corporate financing for
growth
o Tier 4 - Small Privately-Owned: Corporations that are privately held and have or are estimated to have less
than $200 million in annual revenues

G.

Business Sectors

Using publicly available information, the authors assigned each listed corporation to at least one sector and one sub-sector. For
corporations that operate in more than one sector or sub-sector, the authors assigned a secondary sector and sub-sector. For corporations
that operate in more than two distinct sectors or sub-sectors, the authors listed the two most dominant. Because not all business models fit
neatly into the defined sectors or sub-sectors, the authors encourage readers to delve further into the business models of corporation that
draw their interest.
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The corporations captured in this report have been organized by sector. Should a corporation be active in more than one sector, the
corporation would be listed under both. Within each sector, the primary sub-sector associated with that sector would be listed for the
corporation. In the data file available online, the primary and secondary sectors and sub-sectors are listed in independent columns for

each corporation.

H.

Financials

The authors collected financial information from U.S. Securities and Exchange Commission (SEC) filings and annual reports for publiclytraded companies, acquisition announcements for acquired corporations and parent companies, and PrivCo for privately-held
corporations, as available. PrivCo maintains a private company financial database for members.

 Annual Revenues ($Mn)
The actual or estimated annual revenues of the listed corporation in USD million for the last available year. Figures represent
2016 or 2017 revenues unless otherwise noted and are specific to the listed corporation, not its parent company or a
subsidiary. Revenue figures include all reported revenues for each corporation and should not be interpreted as revenues
generated specifically from the prison industrial complex.

 Annual EBITDA ($Mn)
The actual or estimated annual earnings before interest, taxes, depreciation, and amortization (EBITDA) of the listed
corporation in USD million for the last available year. All figures represent EBITDA unless otherwise noted. Adjusted EBITDA
accounts for irregular income and expenses. EBITDA is a rough estimate of the operating cash flow of corporation and may be
a better lens into the profitability of a business than net income. Figures represent 2016 or 2017 EBITDA unless otherwise
noted and are specific to the listed corporation, not its parent company or a subsidiary. EBITDA figures are all inclusive for
each corporation and should not be interpreted as EBITDA generated specifically from the prison industrial complex.

 PIC Revenue Only
Demarcates corporations with business models that are entirely dependent on the prison industrial complex (PIC) from those that
are only partially engaged.

I.

Notes

Any information detail that may add color beyond what the data already offers.
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J.

Sources (online only)
 Website
Corporate website for the listed corporation.

 Corrections Source
Direct source for proof of engagement in the prison industrial complex for the listed corporation. Corrections sources may be
references to the corporation’s general website, a specific page on its website, its relation to a subsidiary or parent in the
data, a trusted advocacy report, a credible media article, or a corrections agency’s spending data.

 Financials Source
Direct source of financial information for the listed corporation, where financials are available.

 Other Source
Any other direct source relevant to the listed corporation. The most common other sources are press releases providing
acquisition details, proof of the sponsorship of correctional or law enforcement associations, and other media coverage.

III.

Limitations
A.

Corporate Identification
 Regional, Size, and Agency Coverage
This report systematically looked at the correctional spending of four states and, in large part, only included corporations collecting
over $150,000 annually. Looking broader into other states and local agencies or lowering the payment threshold would likely
produce thousands of additional corporate names. Additionally, as discussed above, the report is limited in its coverage of
correctional vendors in the western region of the U.S. and those serving the federal government.

 Trading Confidence for Thoroughness
The authors chose to include only companies that they could determine with confidence are currently engaged in the prison
industrial complex whether as standalone corporations, active subsidiaries, or absorbed predecessor companies.
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There are lists that charge major publicly-traded consumer products corporations with profiting from prison labor. And while, likely
accurate accusations at the time of their publishing, they may now be outdated. Choosing to preserve the integrity of the corporate
identification process, the authors have decided against including these corporations without additional corroboration of their
continued engagement.

 Obscurity of Prison Labor
Given the lack of transparency in corporate supply chains, this report is likely limited in its coverage of corporations benefiting from
prison labor. However, it captures suppliers of raw materials to correctional industries, an aspect of prison labor that is often
overlooked, given that their purchases are reflected in state spending data. Unfortunately, state revenue data, which would
capture corporations that consume products created using prison labor, is not readily accessible.

 Bail & Debt Collection
Given significant national coverage and high sector fragmentation, the authors chose not to include commercial bail: bail bonds
agencies and the surety companies that back them. For similar reasons, the authors chose not to cover debt collection companies
that have criminalized public and private debt.

B.

Corporate Data
 Dominance of Privately-held Companies
The overwhelming majority of corporations that operate in the prison industrial complex are privately-held. Thus, collecting
information about their business models, corporate structures, and financial performance is incredibly difficult. Accordingly, there
are gaps in corporate data for many of the listed corporations, including major players in the prison industrial complex that remain
privately-held.

 Limitations of Sector Designations
In an effort to organize the thousands of corporations that operate in the prison industrial complex, the authors created a set of 12
industry sectors and a structure of sub-sectors that fits within them. However, not every corporation neatly fits into one of these
sectors. While the authors have made their best effort to appropriately categorize every listed corporation, they encourage readers
to follow the provided sources for clarity.

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U.S. Department of Justice. Officer of Justice Programs. Bureau of Justice Statistics. Prisoners in 1983. Washington, DC: GPO, 1984.
https://www.bjs.gov/content/pub/pdf/p83.pdf; U.S. Department of Justice. Officer of Justice Programs. Bureau of Justice Statistics. Prisoners in 2016. Washington,
DC: GPO, 2018. https://www.bjs.gov/content/pub/pdf/p16.pdf; U.S. Department of Justice. Officer of Justice Programs. Bureau of Justice Statistics. The 1983 Jail
Census. Washington, DC: GPO, 1984. https://www.bjs.gov/content/pub/pdf/83jc.pdf; U.S. Department of Justice. Officer of Justice Programs. Bureau of Justice
Statistics. Jail Inmates in 2016. Washington, DC: GPO, 2018. https://www.bjs.gov/content/pub/pdf/ji16.pdf.
ii
CoreCivic, FY17 Form 10-K for Period Ending December 31, 2017 (filed February 22, 2018), p. 5, 21, F-4,
https://www.sec.gov/Archives/edgar/data/1070985/000156459018002898/cxw-10k_20171231.htm; The GEO Group, FY17 Form 10-K for Period Ending
December 31, 2017 (filed February 26, 2018), p.93, https://www.sec.gov/Archives/edgar/data/923796/000119312518058566/d494769d10k.htm; The
GEO Group, 2017 Annual Report, December 31, 2017, p. 10, from The GEO Group investor relations website,
http://investors.geogroup.com/Cache/392613084.PDF?O=PDF&T=&Y=&D=&FID=392613084&iid=4144107.
iii
Peter Wagner & Bernadette Rabuy, Following the Money of Mass Incarceration. Prison Policy Initiative. 2017. p.10, https://www.prisonpolicy.org/reports/money.html.
i

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