Safemark Systems has been acquired by ASSA ABLOY
Safemark, a portfolio company of MSouth Equity Partners, has sold its Safe Business unit, Safemark Systems, to ASSA ABLOY.
Safemark Systems is the leading global provider of personal safe and secure storage solutions to the hospitality industry. With global sales, distribution, service and manufacturing operations, the business boasts preferred and/or approved vendor relationships with most major hotel chains and brands.
Headquartered in Sweden, ASSA ABLOY (OM: ASSA B) is a global leader in access solutions with a market capitalization of over US$23 billion. The company owns Elsafe, the largest European hospitality safe provider.
MSouth Equity Partners is a private equity firm based in Atlanta, Georgia, that invests in lower middle-market companies.
Oaklins TM Capital in the US advised Safemark, a portfolio company of MSouth Equity Partners, on the sale of its Safe Business unit, Safemark Systems.
Talk to the deal team
Allan Cruickshanks
Oaklins TM Capital
Jordan Cleare
Oaklins TM Capital
Related deals
Triscan has joined APA and Riverarch to accelerate growth in the European aftermarket
Triscan AS, a leading provider of OE-quality automotive spare parts for the professional aftermarket in Europe, has been acquired by APA Industries, LLC, a portfolio company of Riverarch Equity Partners.
Learn moreTEAM Safety Services Limited has been acquired by Vadella Group
TEAM Safety Services Limited, a leading UK-based health, safety and fire safety consultancy, has been acquired by Vadella Group, a specialist provider of inspection-led compliance services for the built environment.
Learn moreMEDIK Hospital Design Group has been acquired by STERIS
The private shareholders of MEDIK Hospital Design Group have sold their shares to STERIS plc. Together, MEDIK and STERIS will expand their offerings for hospitals and ambulatory surgery centers worldwide. MEDIK’s solutions ideally complement STERIS’ existing portfolio, enabling the combined group to strengthen its position as a leading provider of turnkey room solutions in surgical and IPT environments. The MEDIK management team will actively support the next phase of growth.
Learn more