M&A Deal Summary

ASSA ABLOY Acquires KEYper Systems

On January 14, 2019, ASSA ABLOY acquired electrical equipment company KEYper Systems from Union Capital

Acquisition Highlights
  • This is ASSA ABLOY’s 1st transaction in the Electrical Equipment sector.
  • This is ASSA ABLOY’s 21st transaction in the United States.
  • This is ASSA ABLOY’s 2nd transaction in North Carolina.

M&A Deal Summary

Date 2019-01-14
Target KEYper Systems
Sector Electrical Equipment
Buyer(s) ASSA ABLOY
Sellers(s) Union Capital
Deal Type Add-on Acquisition

Target

KEYper Systems

Harrisburg, North Carolina, United States
KEYper Systems is a provider of electronic and mechanical key management systems in the US with a strong presence in the automotive segment. KEYper Systems was founded in 1993 and is based in Harrisburg, North Carolina.

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Buyer(S) 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 STATS #
Overall 85 of 147
Sector: Electrical Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 82 of 142
State: North Carolina M&A 2 of 3
Country: United States M&A 21 of 43
Year: 2019 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-20 Pacific Door Systems

Lower Hutt, New Zealand

Pacific Door Systems Ltd. is a manufacturer of commercial doors & window systems. Pacific Doors specialises in the bespoke manufacture of high-performance door and window systems for fire, acoustic, security, hospital, ballistic and commercial purposes. Pacific Door Systems Ltd. was founded in 1992 and is based in Lower Hutt, New Zeland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-04 LifeSafety Power

Libertyville, Illinois, United States

LifeSafety Power, Inc. engages in Smarter Power Solutions and remote monitoring capabilities, providing modular AC, DC, and PoE systems to meet the growing needs of the life safety industry. FlexPower uses a unique modular design that allows for many system configurations such as single, dual or multi-voltage outputs and power distribution, control, or signaling, fire alarm interface with failsafe, failsecure lock control, plus network communication, all of which are standard in one advanced multi-listed system platform.

Buy -

Seller(S) 1

SELLER

Union Capital

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
Size Small
Type Sector Agnostic
DESCRIPTION

Union Capital Corp. is a private equity firm focused on acquiring family owned companies. The Firm looks to commit $10 to $40 million in North American businesses valued up to $200 million. Sectors of interest include food products, marketing, franchised restaurants, and business services. Union Capital Corp. was formed in 1968 and is based in New York City.


DEAL STATS #
Overall 2 of 3
Sector: Electrical Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 3
State: North Carolina M&A 1 of 1
Country: United States M&A 2 of 3
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-11 Albie s

Gaylord, Michigan, United States

Albie's is a provider of a plant that is both USDA approved and Peanut-Free producing Homemade-Quality convenience foods for the Foodservice and Retail industries. All products are available in either Albie’s Brand packaging, or in a private-label packaging. Albie's is based in Gaylord, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-01 Bakery Barn

Pittsburgh, Pennsylvania, United States

Bakery Barn is a manufacturer of specialty protein bars for private label and branded sports nutrition companies. Bakery Barn was founded in 2000 and is based in Pittsburgh, Pennsylvania.

Sell -