M&A Deal Summary

OpenGate Capital Acquires Sargent and Greenleaf

On January 30, 2019, private equity firm OpenGate Capital acquired safety/security company Sargent and Greenleaf from Stanley Black & Decker

Acquisition Highlights
  • This is OpenGate Capital’s 3rd transaction in the Safety/Security sector.
  • This is OpenGate Capital’s 11th transaction in the United States.
  • This is OpenGate Capital’s 2nd transaction in Kentucky.

M&A Deal Summary
Date 2019-01-30
Target Sargent and Greenleaf
Sector Safety/Security
Buyer(s) OpenGate Capital
Sellers(s) Stanley Black & Decker
Deal Type Divestiture

Target

Sargent and Greenleaf

Nicholasville, Kentucky, United States
Sargent and Greenleaf designs and manufactures innovative, high-quality mechanical and electronic locks for safes, vaults, safe deposit boxes, and highly sensitive environments. Customers are varied across many segments including banking, cash transit, residential security, railroad/utilities and government security segments. S&G is a pioneer in the high-security industry, inventing several industry firsts, and has a leading innovation and digital platform that consistently brings new and improved products and features to the market. Sargent and Greenleaf was founded in 1857 and is based in Nicholasville, Kentucky.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

OpenGate Capital

Los Angeles, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 890M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

OpenGate Capital is a private investment firm focused on acquiring divestitures of larger public corporations or troubled companies needing restructuring. OpenGate does not focus any particular industry and will consider opportunities throughout North America and Europe. The Firm's target companies with up to $1 billion of revenue and valued up to $300 million. OpenGate Capital was formed in 2005 and is based in Los Angeles, California.

DEAL STATS #
Overall 33 of 47
Sector (Safety/Security) 3 of 3
Type (Divestiture) 22 of 29
State (Kentucky) 2 of 2
Country (United States) 11 of 20
Year (2019) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-15 Fiven

Courbevoie, France

Fiven A/S is a producer of metallurgical feedstock, refractory materials abrasive grains, and products used in technical ceramics. Fiven A/S offers unique properties of hardness, thermal resistance, wear resistance, thermal conductivity, and chemical inertness. Fiven products are used in a wide array of applications including metallurgy, refractory materials, filtration products, and technical ceramics. Fiven has a global manufacturing footprint across Norway, Belgium, Brazil, and Venezuela, and will be headquartered in Oslo, Norway. Fiven products are sold to a diverse customer base across Europe, South America, North America, and Asia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-14 SMAC

Issy-les-Moulineaux, France

SMAC is a provider of waterproofing and building envelope solutions. SMAC has a dedicated service and maintenance business, SMAC Assistance Service, and Essemes Services, focused on fire safety maintenance. SMAC was founded in 1884 and is based in Issy-les-Moulineaux, France.

Buy -

Seller(S) 1

SELLER

Stanley Black & Decker

New Britain, Connecticut, United States
Category Company
Founded 1843
Sector Diversified
Employees50,000
Revenue 15.8B USD (2023)
DESCRIPTION
Entrance to Stanley Black & Decker's corporate headquarters in New Britain, Connecticut.
Entrance to Stanley Black & Decker's corporate headquarters in New Britain, Connecticut.

Stanley Black & Decker is a diversified global producer of hand tools, power tools and related accessories, mechanical access solutions and electronic security solutions, engineered fastening systems, infrastructure solutions and more. Stanley Black & Decker was founded in 1843 and is based in New Britain, Connecticut.

DEAL STATS #
Overall 6 of 9
Sector (Safety/Security) 2 of 3
Type (Divestiture) 6 of 9
State (Kentucky) 1 of 1
Country (United States) 4 of 7
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-07 International Equipment Solutions - IES Attachments Business

Lexington, Kentucky, United States

International Equipment Solutions LLC - IES Attachments Business is a manufacturer of high quality, performance-driven heavy equipment attachment tools for off-highway applications, with leading brands such as Paladin, Genesis and Pengo.

Buy $690M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-12 International Equipment Solutions

Lexington, Kentucky, United States

International Equipment Solutions is a global engineered equipment platform serving the construction, agriculture, landscaping, infrastructure, recycling, demolition, mining, and energy markets. IES operates through two primary business units: Paladin, a leading manufacturer of engineered attachment tools for operator-driven equipment, and Crenlo, a leading manufacturer of cab enclosures for operator-driven equipment as well as specialty electronic enclosures. IES’ customers include major OEMs, national rental fleet companies and hundreds of independent and OEM-aligned dealers. IES employs over 1,500 people and operates 14 manufacturing facilities in Iowa, Michigan, Minnesota, North Carolina, Ohio, Oregon, Tennessee, Wisconsin and Memmingen, Germany.

Buy -
Mergr

Product

Company

Legal