M&A Deal Summary

Allegion Acquires ISONAS

On June 28, 2018, Allegion acquired technology hardware company ISONAS from Alerion Capital Group

Acquisition Highlights
  • This is Allegion’s 2nd transaction in the Technology Hardware sector.
  • This is Allegion’s 5th transaction in the United States.
  • This is Allegion’s 1st transaction in Colorado.

M&A Deal Summary

Date 2018-06-28
Target ISONAS
Sector Technology Hardware
Buyer(s) Allegion
Sellers(s) Alerion Capital Group
Deal Type Add-on Acquisition

Target

ISONAS

Boulder, Colorado, United States
ISONAS, Inc. is a access control company to design and manufacture a cutting-edge, IP-to-the-door solution that eliminates needless complexity—including inconvenient control panels, separate power supply, and dedicated hard-wiring. ISONAS’ network-based PowerNet™ reader-controllers offer a patented technology that easily integrates with Windows-based software to deliver more simplicity, greater value, and total flexibility to go places you never thought possible.

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Buyer(S) 1

Buyer

Allegion

Dublin, Ireland

Category Company
Founded 2013
Sector Safety/Security
Employees12,200
Revenue 3.7B USD (2023)
DESCRIPTION

Allegion is a global pioneer in safety and security, with major brands like CISA, Interflex, LCN, Schlage and Von Duprin. Focusing on security around the door and adjacent areas, Allegion produces a range of solutions for homes, businesses, schools and other institutions. Allegion was founded in 2013 and is based in Dublin, Ireland.


DEAL STATS #
Overall 14 of 23
Sector (Technology Hardware) 2 of 2
Type (Add-on Acquisition) 12 of 20
State (Colorado) 1 of 1
Country (United States) 5 of 9
Year (2018) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-13 GWA Group - Door and Access Systems Business

Fortitude Valley, Australia

GWA Group Ltd. - Door and Access Systems Business includes renowned Australian brands Gainsborough Hardware and API Locksmiths.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-06 Yonomi

Austin, Texas, United States

Yonomi is a provider in IoT Cloud platforms. The Yonomi Platform simplifies interoperability throughout the connected home ecosystem. From cloud connectivity for consumer products to powering hundreds of third-party device integrations, Yonomi enables you to engage consumers with unique branded experiences in homes across the globe. Yonomi was founded in 2013 and is based in Austin, Texas.

Buy -

Seller(S) 1

SELLER

Alerion Capital Group

Scottsdale, Arizona, United States

Investor Investor


Category Private Equity Firm
Founded 2000
Size Small
Type Sector Agnostic
DESCRIPTION

Alerion Capital Group is a private equity group focused on investments in later-stage mid-market tech oriented businesses. Specific areas of interest include technology hardware, software and services, and technology enabled services. Prospective transaction types include recapitalizations, management led buyouts, leveraged buyouts, divestitures, and growth capital financings. The Firm seeks businesses valued between $5 and $50 million with revenues up to $100 million. Alerion prefers opportunities located in the Western US. Alerion Capital Group was established in 2000 and is based in Scottsdale, Arizona.


DEAL STATS #
Overall 6 of 7
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 4 of 5
State (Colorado) 2 of 2
Country (United States) 6 of 7
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-14 KIOSK Information Systems

Louisville, Colorado, United States

KIOSK INFORMATION SYSTEMS (KIOSK) has led the industry in design and manufacturing of self-service kiosk terminals since 1993. An exceptionally broad portfolio of standard and custom KIOSK designs is deployed with Fortune 500 clients in virtually all self-service vertical markets. As the undisputed market leader in custom solutions, KIOSK provides proven expertise in design engineering, component integration, and quick-turn manufacturing for even the most sophisticated self-service solutions. ISO 9001:2008 certified processes in engineering, manufacturing, service, and support ensures every solution provides superior field reliability.

Sell $105M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-28 Apex Microtechnology

Tucson, Arizona, United States

Apex Microtechnology designs and manufactures high performance monolithic and hybrid analog power integrated circuits that provide off-the-shelf solutions across a wide range of commercial, industrial and military applications.

Sell -