Add-on Acquisition • Manufacturing

ASSA ABLOY Acquires Integrated Warehouse Solutions

On January 22, 2024, ASSA ABLOY acquired manufacturer Integrated Warehouse Solutions from Wincove Private Holdings

Acquisition Context
  • This is ASSA ABLOY’s 11th transaction in the Manufacturing sector.
  • This is ASSA ABLOY’s 32nd transaction in the United States.
  • This is ASSA ABLOY’s 6th transaction in Texas.

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M&A Deal Summary

Date January 22, 2024
Target Integrated Warehouse Solutions
Sector Manufacturing
Buyer(s) ASSA ABLOY
Sellers(s) Wincove Private Holdings
Deal Type Add-on Acquisition

Target Company

Integrated Warehouse Solutions

Fort Worth, Texas, United States
Integrated Warehouse Solutions is a manufacturer of material handling equipment focused on enhancing the safety and efficiency of loading docks and warehouses. The Company’s products, which include yard ramps, dock boards, pit levelers, seals and shelters, safety barriers, mezzanines, lift tables, pallet trucks, and carts, are sold under the leading Bluff, Wesco, and Nordock brands. IWS serves virtually every end market throughout the U.S., Canada, Central and South America, and the Caribbean through a broad distributor network supported by production facilities in Texas, Pennsylvania, Ohio, and Ontario (Canada).
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Buyer Overview 1

Buyer

ASSA ABLOY

Stockholm, Sweden

Category Company
Founded 1954
Sector Manufacturing
Employees64,460
Revenue 150.2B SEK (2024)
DESCRIPTION

ASSA ABLOY is a provider of access solutions. Every day, help people feel safe, secure, and experience a more open world. ASSA ABLOY was founded in 1954 and is based in Stockholm, Sweden.


Deal Context for Buyer #
Overall 118 of 147
Sector: Manufacturing 11 of 17
Type: Add-on Acquisition 114 of 142
State: Texas 6 of 7
Country: United States 32 of 43
Year: 2024 1 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-07 Ghost Controls

Tallahassee, Florida, United States

Ghost Controls is a designer and manufacturer of automated residential gate openers. Ghost Controls was founded in 2015 and is headquartered in Tallahassee, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-23 Amecor

Johannesburg, South Africa

Amecor is a manufacturer of security communication equipment. Amecor was established in 1994 and is based in Johannesburg, South Africa.

Buy -

Seller Profile 1

SELLER

Wincove Private Holdings

New York, New York, United States

Investor Investor


Category Private Equity Firm
Founded 2008
Size Small
Type Sector Agnostic
DESCRIPTION

Wincove Private Holdings is an independent private equity firm that invests in smaller, profitable companies in partnership with management. Wincove looks to support family and/or seller succession transactions, recapitalizations, management buyouts, consolidations, and corporate divestitures. Wincove is a generalist firm, and will consider opportunities in a variety of industries. The Firm targets companies located in the US and Canada. Prospective companies typically have less then $50 million in revenue. Wincove Private Holdings was formed in 2008 and is based in New York City.


Deal Context for Seller #
Overall 10 of 10
Sector: Manufacturing 3 of 3
Type: Add-on Acquisition 4 of 4
State: Texas 1 of 1
Country: United States 10 of 10
Year: 2024 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-14 Fortbrand Services

Plainview, New York, United States

Fortbrand Services is a provider of maintenance and support equipment for the global aviation industry. Fortbrand’s Ground Support Equipment business provides sales, leasing, and short-term rentals of mission-critical ground support equipment to airlines, ground handling companies, and fixed base operators. The Company’s Airfield Maintenance Equipment business distributes and leases snow removal and maintenance equipment to airports. Fortbrand Services was founded in 1983 and is based in Plainview, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-20 Elite Equipment Rental

Roosevelt, Utah, United States

Elite Equipment Rental is a provider of hydro excavation trucks (“hydrovacs”) and ancillary equipment to industrial, utility, construction, and municipal service providers. Elite Equipment Rental is based in Roosevelt, Utah.

Buy -