Advised on Sale of CompanyIndustrials
Acquired 100% of Seller's Stock
Advised Southeastern Dock and Door, a U.S. seller and servicer of industrial dock and doors, on its sale to Assa Abloy, a Swedish supplier of door opening solutions.
Southeastern Dock and Door is a regional, value-add distributor that sells, installs, and services state of the art loading dock equipment, industrial/commercial doors, access control security systems, as well as complete storefronts. More recently, the company expanded beyond the industrial markets by beginning to service the commercial door markets as well as access control security systems, certified biometrics and fire inspections industries.
ASSA ABLOY is the global leader in door opening solutions, dedicated to satisfying end user needs for security, safety and convenience. Since its formation in 1994, ASSA ABLOY has grown from a regional company into an international group with about 46,000 employees, operations in more than 70 countries and sales of approximately $7 billion. , the Group has a leading position in areas such as access control, identification technology, entrance automation and hotel security.
Jim Foster, the President of Southeaster Dock & Door, commented "We are excited about becoming a member of the ASSA ABLOY team. ASSA ABLOY will empower us to focus even more resources into offering our customers the excellent service they deserve."