American Securities


American Securities LLC is an American private equity firm based in New York with an office in Shanghai that invests in market-leading North American companies with annual revenues generally ranging from $200 million to $2 billion and/or $50 million to $250 million of EBITDA. American Securities and its affiliates have approximately $23 billion under management. American Securities traces its roots to a family office founded in 1947 by William Rosenwald, the son of Julius Rosenwald, the longtime CEO of Sears, Roebuck and Co.

History

—who had inherited the Rosenwald fortune from his father Julius Rosenwald—founded American Securities Capital Partners in 1947. Investments included Ametek and Western Union.
In 1993, Michael G. Fisch became the William Rosenwald family's financial advisor.
In 1994—with Fisch as Director and CEO—American Securities opened their first fund to outside investors. By 2012 they had invested in "39 companies in a wide variety of industries, including industrial manufacturing, specialty chemicals, aerospace and defense, energy, business services, healthcare, media, restaurants, and consumer products."
In June 2009, American Securities Capital Partners officially changed its name to American Securities LLC. As of February 2021, American Securities and its affiliates had approximately $23 billion under management. American Securities has invested in 67 companies across a variety of industries. As of February 2021, American Securities is currently partnered with 21 companies that have 109,900 collective employees worldwide.

Affiliates

  • Ascribe Capital is an affiliate of American Securities LLC that manages approximately $2 billion of long-term capital focused on investing in the debt, and sometimes equity, securities of middle-market companies.

    Current investments

Investments as of 2021:
  • Acuren
  • Air Methods
  • Amentum
  • Aspen Dental
  • BELFOR
  • Blount International
  • Blue Bird
  • Conair
  • Chromaflo Technologies
  • CPM
  • Emerald Performance Materials
  • FleetPride
  • Foundation Building Materials
  • Global Tel Link
  • Henry Company
  • Hexion
  • Integrated Global Services
  • Learning Care Group
  • Milk Specialities Global
  • North American Partners in Anesthesia
  • Prince
  • r-pac
  • Ulterra Drilling Technologies
  • United PF

    Previous investments

Previous investments as of 2021.
  • Advanced Drainage Systems
  • Anthony International
  • Arizona Chemical
  • Cambridge International
  • Caribbean Restaurants
  • Community Pacific Broadcasting
  • CTB International
  • Delphi Midstream Partners
  • Dr. Leonard's Healthcare
  • El Pollo Loco
  • Fairmount Santrol
  • FiberMark
  • Frontier Spinning Mills
  • General Chemical
  • Grede
  • GT Technologies
  • Healthy Directions
  • HHI
  • Ketema, Inc.
  • Lakeside Energy
  • Liberty Tire Recycling
  • MECS
  • Metaldyne
  • Metaldyne Performance Group
  • Miltex Instrument Company
  • Mortgage Contracting Services
  • MVE
  • NEP Broadcasting
  • Oreck Corporation
  • PDM Bridge
  • Potbelly Sandwich Works
  • Presidio
  • Press Ganey
  • Primary Energy Ventures
  • Robertson Fuel Systems
  • Royal Adhesives and Sealants
  • SeaStar Solutions
  • SpecialtyCare
  • Tekni-Plex
  • TNP Enterprises
  • Unifrax Corporation
  • Unison Site Management
  • United Distribution Group
  • VUTEk
  • Weasler Engineering
  • Westward

    Controversies

American Securities owns Global Tel*Link Corporation which in 2015 had a 50% share in the $1.2 billion prison inmate telecommunications services including the controversial Inmate Calling Service. With prisoners in 2012 paying up to $17 for a 15-minute call, the Federal Communications Commission scrutinized the industry. In 2015 GTL sought judicial review of the FCC's regulation order aimed at lowering the cost of ICS.