M&A Deal Summary

Global GRAB Technologies Acquires Innovo Security Works - Product Lines

On August 9, 2022, Global GRAB Technologies acquired manufacturer Innovo Security Works - Product Lines from Innovo Security

Acquisition Highlights
  • This is Global GRAB Technologies’ 1st transaction in the Manufacturing sector.
  • This is Global GRAB Technologies’ 2nd transaction in the United States.
  • This is Global GRAB Technologies’ 1st transaction in Tennessee.

M&A Deal Summary

Date 2022-08-09
Target Innovo Security Works - Product Lines
Sector Manufacturing
Buyer(s) Global GRAB Technologies
Sellers(s) Innovo Security
Deal Type Divestiture

Target

Innovo Security Works - Product Lines

Knoxville, Tennessee, United States
Innovo Security Works' Product Lines is a manufacturer of security barriers, gates, fences, and bollards.

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Buyer(S) 1

Buyer

Global GRAB Technologies

Franklin, Tennessee, United States

Category Company
Founded 1994
Sector Technology Hardware
DESCRIPTION

Global GRAB Technologies, Inc. is a provider of perimeter security products and services throughout the United States and worldwide. Global GRAB Technologies, Inc. manufacture and sell a broad range of perimeter security products and provide installation and specialty construction management services, specialty design and engineering services, and security system maintenance services.


DEAL STATS #
Overall 2 of 2
Sector (Manufacturing) 1 of 1
Type (Divestiture) 1 of 1
State (Tennessee) 1 of 1
Country (United States) 2 of 2
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-14 Catsclaw Americas

Randleman, North Carolina, United States

Catsclaw Americas LLC is a manufacturer and provider of mobile, permanent in-ground and tactical vehicle tire-shredding products for facility vehicle entrance gates, border crossings, military operations, and temporary vehicle checkpoints.

Buy -

Seller(S) 1

SELLER

Innovo Security

Knoxville, Tennessee, United States

Category Company
Founded 1984
Sector Manufacturing
DESCRIPTION

Innovo Security is a manufacturer of security barriers, gates, fences, and bollards. Innovo Security was founded in 1984 and is based in Knoxville, Tennessee.


DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Divestiture) 1 of 1
State (Tennessee) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1