M&A Deal Summary

Sargent and Greenleaf Acquires Delaney

On January 6, 2020, Sargent and Greenleaf acquired safety/security company Delaney from HCI Equity Partners

Acquisition Highlights
  • This is Sargent and Greenleaf’s 1st transaction in the Safety/Security sector.
  • This is Sargent and Greenleaf’s 1st transaction in the United States.
  • This is Sargent and Greenleaf’s 1st transaction in Georgia.

M&A Deal Summary
Date 2020-01-06
Target Delaney
Sector Safety/Security
Buyer(s) Sargent and Greenleaf
Sellers(s) HCI Equity Partners
Deal Type Add-on Acquisition

Target

Delaney

Cumming, Georgia, United States
Delaney is a designer, marketer, and distributor of residential and commercial locksets, as well as a variety of other bath related hardware. The Company sources product through Asian manufacturing relationships and markets under its own Delaney and Callan brand names. Delaney was founded in 1992 and is based in Cumming, Georgia.

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Buyer(S) 1

Buyer

Sargent and Greenleaf

Nicholasville, Kentucky, United States
Category Company
Founded 1857
Sector Safety/Security
Employees120
DESCRIPTION

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.

DEAL STATS #
Overall 1 of 1
Sector (Safety/Security) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Georgia) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1

Seller(S) 1

SELLER

HCI Equity Partners

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

HCI Equity Partners is a private equity group that targets lower middle-market industrial product and service companies throughout North America. HCI is a 'hands on' investor, looking to assist portfolio companies with growth strategies and improving profitability. The Firm seeks opportunities with $20 to $200 million in revenues and strong management in place. Specific areas of interest include aerospace/defense, automotive and commercial vehicle suppliers, industrial distribution, infrastructure, power generation, test/measurement equipment, and transportation. HCI Equity Partners (fka Thayer | Hidden Creek Partners) is based in Washington DC.

DEAL STATS #
Overall 22 of 26
Sector (Safety/Security) 1 of 1
Type (Add-on Acquisition) 7 of 8
State (Georgia) 1 of 2
Country (United States) 20 of 24
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 Pacific Defense

El Segundo, California, United States

Pacific Defense is a defense electronics platform. The platform consists of two products Spectranetix and Perceptronics. Products are designed from the outset for modern, AI-driven autonomy and CMOSS and SOSA-aligned hardware and software solutions. This includes state-of-the-art processing that can readily follow the evolution of commercial technology with complete data sharing across networks and platforms. Pacific Defense is based in El Segundo, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-01 Tech24

Greenville, South Carolina, United States

Tech24 is an installation, preventative maintenance, and repair company specializing in foodservice facilities. The company specializes in cooking, refrigeration, beverage, and specialty foodservice equipment. In select markets, it also performs HVAC, Electrical, and Plumbing services. Tech24 was formed in 1982 and is based in Greenville, South Carolina.

Buy -
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