M&A Deal Summary

Broco-Rankin Acquires Chamberlain Security

On February 26, 2018, Broco-Rankin acquired safety/security company Chamberlain Security from Chamberlain Group

Acquisition Highlights
  • This is Broco-Rankin’s 1st transaction in the Safety/Security sector.
  • This is Broco-Rankin’s 1st transaction in the United States.
  • This is Broco-Rankin’s 1st transaction in Illinois.

M&A Deal Summary
Date 2018-02-26
Target Chamberlain Security
Sector Safety/Security
Buyer(s) Broco-Rankin
Sellers(s) Chamberlain Group
Deal Type Divestiture

Target

Chamberlain Security

Oak Brook, Illinois, United States
Chamberlain Security is a manufacturer of high security components designed to protect the contents of safes, filing cabinets and ATMs. Chamberlain Security is based in Oak Brook, Illinois.

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Buyer(S) 1

Buyer

Broco-Rankin

Ontario, California, United States
Category Company
Sector Electrical Equipment
DESCRIPTION

Broco is an underwater cutting and welding tool company and Rankin Industries is a manufacturer of hard-facing products, specialty alloys, and security cabinets & containers. The Company also manufactures a variety of other products for use in welding, cutting, hard facing, and security purposes. Broco is based in Ontario, California.

DEAL STATS #
Overall 1 of 2
Sector (Safety/Security) 1 of 1
Type (Divestiture) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 2
Year (2018) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-02 Ready Welder

Wilmington, California, United States

Ready Welder is a manufacturer of fine portable welders. Ready Welder was founded in 1997 and is based in Wilmington, California.

Buy -

Seller(S) 1

SELLER

Chamberlain Group

Oak Brook, Illinois, United States
Category Company
Sector Electronics
DESCRIPTION

Chamberlain Group designs and engineers residential garage door openers, commercial door operators, and gate entry systems. Company products are connected through innovative MyQ technology which empowers users to control or monitor their entry points through smartphone access. Chamberlain Group is based in Oak Brook, Illinois.

DEAL STATS #
Overall 2 of 2
Sector (Safety/Security) 1 of 1
Type (Divestiture) 2 of 2
State (Illinois) 1 of 1
Country (United States) 2 of 2
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-30 Systems

Germantown, Wisconsin, United States

Systems, Inc. is a professional engineer of hydraulic, pneumatic, and mechanical loading dock leveling equipment, truck restraints, specialty dock equipment and related accessories sold under the Poweramp, DLM and McGuire brand names. The Company operates out of state-of-the-art facilities in Germantown, Wisc. and Malvern, Ark., manufacturing equipment under the "Made in America" label. The business serves both end-users and nationwide dealership networks to design, engineer, manufacture, and deliver dock equipment for use in grocery, trucking, retail and general warehousing environments.

Buy -
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