Trascend closes the door on Walsall acquisition deal

BIRMINGHAM-based corporate finance firm Transcend has advised Allegion on the sale of its UK doors businesses to an affiliate of Alcyon Financial, a financial investment firm.

The deal encompassed Transcend’s Industrial Products & Services team, which also has offices in Thames Valley and Bristol. The transaction was led by Ian Aldridge.

Transcend Corporate originated the deal by introducing Alcyon to Walsall-based Allegion as part of a broad marketing opportunity.

Philip Lammas, managing director of Alcyon Financial, said: “The acquisition transitions the doors businesses to a standalone and dynamic entity, allowing it to sharpen its focus on identifying exciting opportunities for development.”

Aldridge added: “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; and Martin Roberts, 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. There is also a planned and reactive maintenance business operating across the UK.”  

The new business, which will trade as ‘High Performance Doors’, looked set to have an exciting future driven by the strength of its brands, the excellent management team, and a committed and skilled workforce, he added.

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