February 25, 2021
Translink acted as advisor to the buyer. Terms of the transaction were not disclosed.
Lockey is a specialty supplier of high-quality perimeter-security and gate-hardware products, providing security and convenience for a wide range of commercial and residential applications. Lockey’s product portfolio includes keyless locks, hydraulic gate-closing hardware, and panic hardware. The company is based in Mt. Pleasant, Mich.
Mr. Fox commented, “Bringing Lockey into the NWI organization establishes a vital presence in the perimeter security market in multiple important customer channels. Lockey’s reputation in the industry, quality product offerings, and attention to customer service makes for a great fit with NWI.”
“NWI has an extraordinarily strong reputation in the market, and we are thrilled to partner with both the NWI team and Harbour Group” said Doug Hill, founder of Lockey. “We believe our high-quality product offering and attention to customer security and convenience will be a great complement to NWI’s expansion into perimeter security. At the same time, Lockey’s traditional customer base will now be offered NWI’s complementary fence and gate hardware products. I am excited about the opportunity and look forward to helping create the next phase of growth.”
“We are excited about the combination of Lockey and NWI,” said Neil Yeargin, CEO and President of NWI. “We see the combination with Lockey as a prime opportunity to expand our product offering, supported by a team dedicated to providing quality products with attention to customer service.“
Contact our Team Members advising in this transaction:
Dinan & Company, LLC is the partner firm of Translink Corporate Finance in the United States. It is a leading diversified financial services company with over 32 years of advisory and merchant banking experience dedicated to middle-market transactions.