M&A Deal Summary

ASSA ABLOY Acquires Safemark

On March 26, 2023, ASSA ABLOY acquired safety/security company Safemark from MSouth Equity Partners

Acquisition Highlights
  • This is ASSA ABLOY’s 17th transaction in the Safety/Security sector.
  • This is ASSA ABLOY’s 29th transaction in the United States.
  • This is ASSA ABLOY’s 2nd transaction in Florida.

M&A Deal Summary

Date 2023-03-26
Target Safemark
Sector Safety/Security
Buyer(s) ASSA ABLOY
Sellers(s) MSouth Equity Partners
Deal Type Add-on Acquisition
Advisor(s) TM Capital (Financial)

Target

Safemark

Orlando, Florida, United States
Safemark is a provider of technology-enabled secure storage, mobility and guest amenity solutions. Safemark operates three brands (Safemark, Best Lockers and ScooterBug) whose products enable the Company to reach a broad set of end markets, including water parks, theme/amusement parks, resorts, hotels, zoos, and casinos, among others. Safemark was founded in 1983 and is based in Orlando, Florida.

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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 109 of 146
Sector: Safety/Security M&A 17 of 24
Type: Add-on Acquisition M&A Deals 105 of 141
State: Florida M&A 2 of 3
Country: United States M&A 29 of 42
Year: 2023 M&A 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-01 ASSA ABLOY - Emtek and Schaub

Stockholm, Sweden

ASSA ABLOY's Emtek and Schaub provides premium and luxury door and cabinet hardware business and the U.S. and Canadian Yale and August residential smart home locks business at Stockholm, Sweden.

Sell $800M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-30 Mottura

Sant'Ambrogio di Torino, Italy

Mottura is a manufacturer of high-security residential armored lock cases and security cylinders. Mottura was established in 1972 and is based in Sant'Ambrogio di Torino, Italy.

Buy -

Seller(S) 1

SELLER

MSouth Equity Partners

Atlanta, Georgia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 2.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

MSouth Equity Partners is a private equity firm focused on mid-sized company investments and acquisitions valued between $25 and $250 million. The Firm prefers opportunities in Southern US and looks to commit $25 to $100 million per transaction. Sectors of interest include distribution, business services, media, telecom, and specialty manufacturing. MSouth is the successor to private equity firm, Cravey, Green & Wahlen, Inc. which was founded in 1984. MSouth Equity Partners is based in Atlanta, Georgia.


DEAL STATS #
Overall 30 of 36
Sector: Safety/Security M&A 1 of 1
Type: Add-on Acquisition M&A Deals 10 of 13
State: Florida M&A 4 of 4
Country: United States M&A 30 of 36
Year: 2023 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-16 Medix Staffing Solutions

Chicago, Illinois, United States

Medix Staffing Solutions provides workforce solutions to clients and creates opportunity for talent representing a variety of industries through our Healthcare, Scientific and Information Technology divisions. Medix Staffing Solutions was founded in 2001 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-31 Thompson Industrial Services

Sumter, South Carolina, United States

Thompson Industrial Services is a provider of comprehensive industrial cleaning services to a wide array of industrial market segments including pulp and paper, utilities, petrochemical and refining, steel, nuclear, rubber and tire, food processing, chemical, automotive, paint, and resin. Thompson was formed in 1986 and is based in Sumter, South Carolina.

Sell -