USIS acquires Labat-Anderson, professional services firm

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Tue May 19, 2009 5:15pm EDT

Labat-Anderson adds new depth to USIS` solution approach to government market
FALLS CHURCH, Va.--(Business Wire)--
US Investigations Services, Inc. (USIS), the largest commercial provider of
security investigation services to the federal government, a leading provider of
pre-employment screening solutions, and a top provider of information services
to the insurance industry, announced today the close of the financial
transaction and acquisition of Labat-Anderson, Incorporated, a professional
services firm serving government agencies in the areas of litigation support and
information systems and services. Terms of the transaction were not announced. 

"The Labat-Anderson business and its team of professionals adds to the solutions
we provide our government customers and creates additional momentum behind our
corporate strategic growth initiatives in the government markets we serve," said
Mike Cherkasky, Chief Executive Officer of USIS. "This is another significant
step forward for our growth initiatives in the government sector of our
business, adding another suite of solutions that we can deliver to the markets
we serve." 

Labat-Anderson, with its more than 700 employees, will operate as a stand-alone
division in USIS` Government Solutions Group (GSG), joining the Investigative
Services Division and the National Security Division. With its headquarters in
Falls Church, Va., USIS GSG already has more than 6,500 employees that support
business operations in all 50 states, U.S. territories, and overseas. 

USIS and its controlling stockholder, Providence Equity Partners, are receiving
legal advice from Debevoise & Plimpton LLP. 

"We are looking forward to having the Labat-Anderson team onboard," said Bill
Mixon, president and CEO of USIS` Government Solutions Group. "Labat-Anderson`s
specialized approach to the markets it services fits the solutions approach we
use with our government customers. We believe the investments we will make in
this business will not only well serve Labat-Anderson`s current government
customers, but will help us broaden the range of services we can deliver to our
existing government customers. This acquisition marks an important step forward
in USIS GSG`s growth strategy." 

According to Walter Malinowski, this business combination also fits the needs of
Labat-Anderson and will be a catalyst for its strategic growth. "With this
partnership, USIS will invest in our existing capabilities and we will be able
to better serve our government customers. USIS provides us with the resources,
scale, and functional support needed to enhance our service and solution
offerings while maintaining the excellent service levels that our government
customers have come to expect." 

"We are confident that the combination of these two great companies will
increase the product and service options available to our government customers
and they should expect the same superior service to which they are accustomed,"
said Mixon. "Labat-Anderson`s great government customer base and leadership team
were two reasons that we were interested in this business and saw potential for
additional investment and overall growth our core government business." 

Established in 1996, USIS (www.usis.com) has more than 7,400 employees that
support business operations in all 50 states, U.S. territories, and overseas.
The first privatization of a government program into a private sector business,
USIS is the largest commercial provider of background investigations to the
federal government, a leading supplier of pre-employment screening solutions to
commercial businesses, and one of the largest providers of data services to the
insurance industry. USIS is headquartered in Falls Church, Va.

This press release contains "forward-looking" statements that involve risks and
uncertainties. Forward-looking statements identify prospective information.
Important factors could cause actual results to differ, possibly materially,
from those stated in the forward-looking statements. Forward-looking statements
should not be read as a guarantee of future performance or results, and will not
necessarily be accurate indications of the times at, or by which, such
performance or results will be achieved. Forward-looking statements speak only
as of the date the statements are made. We assume no obligation to update
forward-looking statements to reflect actual results, changes in assumptions or
changes in other factors affecting forward-looking information except to the
extent required by applicable securities laws.



USIS
Michael John, 703-637-1694
michael.john@usis.com

Copyright Business Wire 2009

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