M&A Deal Summary

Allegion Acquires Krieger

On June 4, 2024, Allegion acquired building materials company Krieger

Acquisition Highlights
  • This is Allegion’s 8th transaction in the Building Materials sector.
  • This is Allegion’s 8th transaction in the United States.
  • This is Allegion’s 1st transaction in California.

M&A Deal Summary
Date 2024-06-04
Target Krieger
Sector Building Materials
Buyer(s) Allegion
Deal Type Add-on Acquisition
Advisor(s) Coil Partners Investment Banking (Financial)

Target

Krieger

Pico Rivera, California, United States
Krieger manufactures special-purpose doors and windows for industrial, commercial, and institutional markets. The company's solutions include security, radio frequency, acoustical, forced entry, bullet, blast, and thermal applications, and they’re installed in a wide range of facilities ranging from data centers, hospitals, power plants, and government offices to broadcasting stations, theaters, museums, and banks. Krieger is based in Pico Rivera, California.

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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 21 of 23
Sector (Building Materials) 8 of 10
Type (Add-on Acquisition) 18 of 20
State (California) 1 of 1
Country (United States) 8 of 9
Year (2024) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-04 Dorcas

Valencia, Spain

Dorcas is a manufacturer of electro-mechanical access control solutions that specializes in the production of electric strikes, electro-mechanical and electro-magnetic locks, as well as complementary access control solutions and door control products. Dorcas solutions are distributed and sold internationally with a strong presence across European markets, including healthcare and education verticals. Dorcas was founded in 1971 and is based in Valencia, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-11 Unicel Architectural

Longueuil, Quebec, Canada

Unicel Architectural is a manufacturer of advanced glass, timber and aluminum building solutions that support privacy, safety, energy efficiency and sustainability. The Unicel Architectural portfolio is primarily sold across Canada and the U.S. and installed in healthcare, education, government and other non-residential facilities. Unicel Architectural was formed in 1964 and is headquartered in Longueuil, Quebec.

Buy -
Mergr

Product

Company

Legal