M&A Deal Summary

Allegion Acquires Republic Doors & Frames

On January 3, 2017, Allegion acquired building materials company Republic Doors & Frames from Desco Capital

Acquisition Highlights
  • This is Allegion’s 4th transaction in the Building Materials sector.
  • This is Allegion’s 2nd transaction in the United States.
  • This is Allegion’s 1st transaction in Tennessee.

M&A Deal Summary

Date 2017-01-03
Target Republic Doors & Frames
Sector Building Materials
Buyer(s) Allegion
Sellers(s) Desco Capital
Deal Type Add-on Acquisition

Target

Republic Doors & Frames

McKenzie, Tennessee, United States
Republic Doors & Frames, Inc. is a manufacturer of hollow metal doors and frames, complementing Allegion’s Steelcraft brand and core business in the Americas region. Republic Doors & Frames was founded in 1931 and is based in McKenzie, Tennessee.

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Buyer(S) 1

Buyer

Allegion

Dublin, Ireland

Category Company
Founded 2013
Sector Safety/Security
Employees14,400
Revenue 3.8B USD (2024)
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 9 of 30
Sector: Building Materials M&A 4 of 12
Type: Add-on Acquisition M&A Deals 8 of 27
State: Tennessee M&A 1 of 1
Country: United States M&A 2 of 11
Year: 2017 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-18 Trelock

Munster, Germany

Trelock GmbH is a portable safety and security provider headquartered in Munster, Germany, producing branded bicycle locks, lights and electronic control units.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-27 Qatar Metal Industries

Dubai, United Arab Emirates

Qatar Metal Industries LLC is a manufacturer of commercial steel and wood doors and frames. Qatar Metal Industries is based in Dubai, UAE.

Buy -

Seller(S) 1

SELLER

Desco Capital

New Albany, Ohio, United States

Investor Investor Investor


Category Corporate Investor
Size Small
Type Sector Agnostic
DESCRIPTION

Desco Capital Partners (DCP) is a private investor group established to invest in US-based growth companies operating in a variety of industry sectors. Target investment situations include acquisitions, management buyouts, and growth capital financings. DCP will also consider distressed situations. DCP's investment horizon is three to seven years. The Firm will not invest in companies involved in oil & gas, real estate, retail sales or e-Commerce. DCP was formed in 1992 and is a unit of Desco Corporation. DCP is based in Columbus, Ohio.


DEAL STATS #
Overall 2 of 3
Sector: Building Materials M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Tennessee M&A 1 of 1
Country: United States M&A 2 of 3
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-15 Tek-Air Systems

Danbury, Connecticut, United States

Tek-Air is a manufacturing company specializing in the application, design and manufacture of airflow measurement devices and control systems for critical heating and ventilating applications. Tek-Air serves the laboratory, hospital, education, and commercial building markets. Products produced include pivot and vortex shedding airflow measurement devices, fume hood controls, linear airflow control valves, space pressure controls, and laboratory control systems.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-17 Medical Indicators

Hamilton, New Jersey, United States

Medical Indicators is a manufacturer of disposable and reusable medical thermometers. The product uses liquid crystal technically to provide a low cost and extremely accurate method of taking human temperatures. Medical Indicators was founded in 1984 and is based in Hamilton, New Jersey.

Sell -