industry private equity or prison technology company founded 1947 founder william rosenwald founded american securities capital partners ascp co founded by michael g. fisch 1 headquarters 299 park avenue new york city new york united states usa key people michael g. fisch president ceo managing director joseph a. domonkos cfo john p. fitzsimons managing director of american securities opportunities fund 2 products private equity funds leveraged buyouts total assets 15 billion website www.american securities.com american securities llc originally named american securities capital partners ascp 1947 2008 is a leading u.s. 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 200 million of ebitda . american securities and its affiliates have approximately 15 billion under management . 3 the original ascp officially renamed american securities llc in 2008 was founded in 1947 by william rosenwald the son of julius rosenwald a major figure in the early twentieth century american financial history acknowledged for his successful sears ipo . in 1994 michael fisch founded the modern american securities . 4 in 2011 american securities acquired global tel an integrated information technology company in the corrections market 5 5 6 7 for 1 billion . 8 contents 1 history 2 board of directors 3 affiliates 4 current investments 5 previous investments 6 controversies 7 references 8 external links history edit william rosenwald who had inherited the rosenwald fortune from his father julius rosenwald founded american securities capital partners ascp in 1947 . 9 julius rosenwald made american financial history with his success at the helm sears in the early twentieth century . when the original sears roebuck and co faced financial difficulties in the late nineteenth century julius rosenwald to whom sears owed money and his brother in law chicago businessman aaron nusbaum acquired fifty percent of the company . eventually rosenwald became the sole owner 10 47 53 11 12 13 14 and under his leadership as vice president and treasurer of newly incorporated sears roebuck and company annual sales of the company climbed from 750 000 to upwards of 50 million from 1895 to 1907 . 9 10 47 53 14 sears s successful 1906 initial public offering ipo marked the first major retail ipo in american financial history and represented a coming of age financially of the consumer sector . 15 20 36 william rosenwald was chairman of american securities corporation in 1991 . 16 in 1993 michael g. fisch became the william rosenwald family s financial advisor . 17 fisch serves on the boards of certain american securities affiliates or asp including ascribe michael g. fisch 2006 revocable trust and asp portfolio companies . 17 in 1994 with fisch as director and ceo american securities opened their first fund to outside investors . 18 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 . 19 by 2001 american securities capital partners ascp had become the merchant banking and private equity arm of american securities l.p. which at that time had more than 3 billion of assets under management . 9 on june 8 2009 american securities capital partners ascp which was the officially changed its name to american securities llc . 20 board of directors edit michael g. fisch is president chief executive officer and managing director ; joseph a. domonkos is chief financial officer and john p. fitzsimons is managing director of american securities opportunities fund . managing directors include michael fisch bill fry lee dranikoff loren easton david horing will manuel kevin penn paul rossetti marc saiontz and scott wolff . 2 21 nina rosenwald is co chair of the board of american securities management . 22 affiliates edit ascribe is an affiliate of american securities llc that invests in distressed securities 3 such as nuverra environmental solutions inc which operates in the shale oil and gas industry . 23 current investments edit investments as of 2013 24 aspen dental advanced drainage systems arizona chemical emerald performance materials fairmount santrol fibermark frontier spinning mills global tel link gtl one of two providers that dominate the 1.2 billion corrections services telecommunication industry including the controversial inmate calling service ics . 5 5 6 7 gt technologies learning care group metaldyne performance group robertson fuel systems seastar solutions specialtycare tekni plex inc. unifrax corporation unison site management the united distribution group previous investments edit previous investments as of 2013 . 24 anthony international cambridge international caribbean restaurants community pacific broadcasting ctb international delphi midstream partners dr. leonard s healthcare el pollo loco general chemical corp. healthy directions ketema inc. lakeside energy liberty tire recycling mecs miltex instrument company mve nep broadcasting oreck corporation pdm bridge potbelly sandwich works presidio networked solutions press ganey associates primary energy ventures tnp enterprises unifrax corporation vutek weasler engineering westward communications 24 controversies edit private equity backed companies global tel link corporation gtl with 50 % in 2015 25 and securus technologies inc. with 20 % 25 dominated the 1.2 billion prison inmate telecommunications services including the controversial inmate calling service ics . with prisoners in 2012 paying up to 17 for a 15 minute call the federal communications commission scrutinized the industry . 5 6 7 in 2015 gtl sought judicial review of the fcc s regulation order aimed at lowering the cost of ics . 26 references edit michael g. fisch a b company overview of american securities bloomberg a b approach ascribe 2016 retrieved october 1 2016 https www.american securities.com team michael fisch a b c d e american securities completes acquisition of global tel link american securities december 15 2011 access date requires url help a b c shields tod october 4 2012 prison phones prove captive market for private equity bloomberg a b c inmate telephone service washington dc federal communications commission august 10 2016 retrieved september 29 2016 williams timothy march 30 2015 the high cost of calling the imprisoned new york times retrieved september 29 2016 a b c american securities capital partners announces final closing of private equity fund at 650 million american securities july 18 2001 retrieved september 29 2016 a b emmet boris and john e jeuck . catalogs and counters a history of sears roebuck and company 1950 the standard scholarly history israel fred l. 1897 sears roebuck and co catalogue 100th anniversary edition philadelphia chelsea house publishers 1968 katz donald r. the big store inside the crisis & revolution at sears 1987 worthy james c. shaping an american institution robert e. wood and sears roebuck 1986 a b arnstein & lehr the first 120 years 2013 . gregory d. l. morris attention shoppers 1906 sears ipo heralds the triumph of the consumer economy financial history 2007 issue 88 frank d. williams ; financial manager 84 new york times november 21 1991 retrieved 1 october 1 2016 check date values in access date help via gale a b michael g. fisch bloomberg 2016 retrieved october 1 2016 our firm american investors american securities llc closes american securities partners vi l.p. at more than 3.6 billion sixth fund exceeds target of 3 billion and previous fund by more than 50 % american securities llc june 26 2012 retrieved october 1 2016 terms of use american securities team american investors nina rosenwald profile . right web . institute for policy studies . 5 march 2013 . retrieved october 7 2013 . 424b3 nuverra environmental solutions inc. edgar online prospectus and proxies august 28 2016 retrieved october 1 2016 via gale . a b c american securities overview and firm heritage retrieved 26 september 2013 . a b walsh ben june 10 2015 prisoners pay millions to call loved ones every year . now this company wants even more huffington post retrieved september 29 2016 global tel link expresses grave concern with proposed fcc decision on inmate calling services order ensures all parties lose company will pursue stay of fcc decision global tel link external links edit american securities llc company website v t e private equity and venture capital investment firms investment strategy venture growth mezzanine secondaries leveraged buyout history history of private equity and venture capital early history of private equity private equity in the 1980s private equity in the 1990s private equity in the 2000s investors angel investor corporate venture capital commercial bank crowdfunding institutional investor insurance company investment bank endowment family office fund of funds high net worth individual merchant bank pension fund sovereign wealth fund private equity firms venture capital firms portfolio companies this bank insurance or other financial services corporation article is a stub . you can help wikipedia by expanding it . v t e retrieved from https en.wikipedia.org w index.php title american securities & oldid 742716364 categories private equity firms of the united statesfinancial services company stubshidden categories pages using citations with accessdate and no urlcs1 errors datesall stub articles navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 5 october 2016 at 10 03 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view