Allegion to Acquire Stanley Access Technologies
Allegion has signed a definitive agreement to acquire Stanley Access Technologies (Access Technologies) and assets related to the automatic entrance solutions business from Stanley Black & Decker for $900 million in cash. When adjusted for about $90 million in tax benefits, the purchase price is $810 million on a cash-free, debt-free basis.
Access Technologies is a leading manufacturer, installer and service provider of automatic doors in North America, primarily in the United States and Canada. Its diversified customer base centers on nonresidential settings, including retail, healthcare, education, commercial offices, hospitality and government. Access Technologies generated about $340 million in net sales in 2021.
As a result of this acquisition, Allegion will significantly expand its breadth of access, egress and access control solutions. In addition, Allegion will have exposure to high-growth segments across a large installed base, as well as the scale and coverage to better serve its commercial and institutional customers with automatic entrance solutions and access technologies.
“We are excited to add the Access Technologies business to our portfolio of solutions,” says David D. Petratis, Allegion chairman, president and CEO. “With this acquisition, we will expand in an adjacent market segment, ultimately providing customers and end users with a more comprehensive offering for seamless access wherever they reside, work and thrive. Combining Access Technologies’ high-quality products and services with our ability to deliver value through access will significantly expand our core business and accelerate growth. Access Technologies shares a strong track record of innovation and is a market leader in its category. We look forward to welcoming the team to the Allegion family and unlocking greater value for our customers and our shareholders.”
“Allegion has a proven record of investing in its core business and driving innovation, which will offer significant benefits for our business, employees and customers,” says Brian Pertman, Access Technologies president and general manager. “As a global industry leader in access technology and security, Allegion will provide our business with incredibly strong new end user, architectural and specification relationships and distribution networks, as well as additional resources to take our business to the next level. We know Allegion well and believe our shared culture of providing quality solutions to customers will accelerate our business into the future.”
More info: www.allegion.com, www.stanleyaccess.com
D&D’s Pool Gate Safety Checklist
Drowning is the leading cause of death in children ages 1–4 years, and the majority of the children who drown in swimming pools most commonly gain access to the pool area through a faulty fence or gate.
Combined with constant child supervision and other layers of protection, maintaining all pool gates regularly to ensure that they self-close and self-latch at all times could help to prevent drownings. You shouldn’t be able to open a gate without activating the release mechanism, which should be out of the reach of toddlers. In addition, the gate should self-close and self-latch without assistance.
D&D Technologies joined with the National Drowning Prevention Alliance (NDPA) to establish the Check Your Pool Gate Month campaign during May. The initiative was created to remind pool owners of the vital necessity to ensure pool fences, gates, latches and hinges are secure, adjusted correctly and incorporate multiple layers of protection to help to secure the pool area from unauthorized entry. It’s critical to check your local pool codes for compliance, because local codes might vary. The checklist:
- Gates should open outward, away from the pool.
- The latch-release knob should be out of reach of toddlers under 5 years. (Check local codes or standards for minimum requirements.)
- Fencing should be at a minimum height to comply with your region and encompass the pool area. (Check local codes or standards for minimum requirements.)
- Gates must be self-closing and self-latching.
- The fence perimeter should have adequate distance from other climbable objects or structures.
- Gate hinges should be reliable, tension-adjustable, self-closing and rust-free.
- The latch can’t be key-locked in the “open” position.
- The latch can’t be opened using implements or force.
- The latch must be adjustable horizontally and vertically to accommodate gate movement.
- Maximum clearance from the finished ground surface should be no more than 4 inches (100mm).
- The gate should latch from any position, including from resting on the latching mechanism.
- The gate must comply with all relevant codes or standards and legislation for pool safety.
- Multiple layers of protection should be employed.
More info: www.us.ddtech.com and www.ndpa.org
Lockmasters Acquires TimeMaster
Lockmasters announced its acquisition of Lexington, Kentucky-based distributor TimeMaster.
“It is our pleasure to announce that TimeMaster has joined the Lockmasters family effective March 28th, 2022. We look forward to how our united businesses can better serve the industry,” the Lockmasters press release states.
According to Lockmasters, the combined companies will be able to expand their portfolio of products and services, using Lockmasters’ customer-centric manufacturing and design expertise. Other advantages will include expanded distribution, technical support and training opportunities.
More info: www.lockmasters.com
Fred Dawber, president of Cansec Systems, announced that Rick Steger would join the Cansec team, beginning May 1, 2022, as business development manager.
Steger has been part of the access control and video surveillance industry for 30 years, working for manufacturers as well as owning his own manufacturer’s representative firm. Most recently, he held a regional director position with ASSA ABLOY DSS. He brings a broad knowledge of all things access control, from software to electrified hardware.
Steger will be focused on expanding the dealer network, aligning with Cansec’s key technology partners and increasing the Cansec presence in key vertical markets. This focus on business development will help Cansec to drive its new app-based access control innovations through new and existing channels.
Steger can be reached at [email protected].
It’s with great sadness that Detex announces the passing of Gary Hackney at the age of 80. During his 31 years at Detex, Gary was a visible and significant contributor to the company’s success.
Gary started his career at Detex in 1986 as a sales manager and became director of marketing and sales in 1999. In 2000, he left the company to work as a Detex representative in the southeastern United States but rejoined the Detex team in 2001. He became channel sales manager in 2005 and distribution channel manager in 2011, and in 2017, he took on the responsibilities of marketing and sales coordinator. He retired from Detex on March 31, 2018.
Gary was a true gentleman who had a wealth of friends, not only at Detex but among the company’s representatives, distributors and customers. He was an Air Force veteran and was decidedly “old school.” Anyone who did business with Detex or with Gary personally knew that his word was his bond and his handshake was as good as any contract. He was well-respected for his knowledge of the security industry and the easy way in which he interacted with everyone.
Detex extends its heartfelt sympathy to Gary’s wife, Val, and his entire family. Gary’s passing is a monumental loss for those of us who knew and worked with him.
In lieu of flowers, the family prefers donations to the Michael J. Fox Foundation for Parkinson’s Research (michaeljfox.org).
