Transcend Corporate advises on sale of Dor-O-Matic™ and Martin Roberts™, the leading UK door businesses, for Allegion
The Industrial Products & Services team at Transcend Corporate, the Birmingham, Thames Valley, and Bristol based corporate finance boutique, is pleased to announce its role in advising Allegion on the sale of its UK doors businesses to an affiliate of Alcyon Financial Limited, a financial investment firm. The transaction was led by Ian Aldridge and completed on 1 September 2014.
Transcend Corporate originated the deal by introducing Alcyon to Allegion as part of a broad marketing of the opportunity.
Philip Lammas, Managing Director of Alcyon Financial, stated that: “the acquisition transitions the doors businesses to a standalone and dynamic entity, allowing it to sharpen its focus on identifying exciting opportunities for development.”
Ian Aldridge, Director at Transcend Corporate, said: “Transcend Corporate is delighted to have supported Allegion on this project. The doors businesses include some of the most high profile brands in the UK and comprise:
Dor-O-Matic™, the automatic doors business whose customers include Sainsbury’s, Marks & Spencer, Primark, and Aldi; Martin Roberts™ the branded performance doorset business whose products can be found in prestigious buildings such as One Hyde Park, the ‘Cheesegrater’, and the ‘Walkie Talkie’ building, as well as Terminal 5 at Heathrow; and a planned and reactive maintenance business operating across the UK.”
The new business, which will trade as ‘High Performance Doors’, looks set to have an exciting future driven by the strength of its brands, the excellent management team, and a committed and skilled workforce.
The team at Transcend Corporate is delighted to have supported Allegion on this project.