Benchmark International has advised on the transaction between automatic door installation, servicing and maintenance company, Action Doors, and trusted global partner for premium access solutions and services, Dorma UK.
Action Doors, established in 1996, is a provider of maintenance, servicing and installation of both automatic and manual door entry systems, with offices in Hertfordshire and Kent.
Dorma UK is a provider of innovative and reliable access and security solutions for hotels, shops, sporting venues, airports, hospitals, homes and offices. It was established in 1978 and has central offices located in Tiverton, Devon, where the company assembles its mechanical cylinder ranges, and Hitchin, Hertfordshire. The company is a subsidiary of the Dormakaba Group, who, since the merger of Dorma and Kaba in 2016, is one of the top three companies engaged in access control and security solutions on the global market.
The transaction represents a strategic acquisition for the companies, allowing Dorma UK to expand its current service offering.
Jack Redwood, Associate at Benchmark International, said: “I’m absolutely delighted to see this transaction successfully complete on time; ready for the New Year. From the very outset, Dorma seemed the perfect fit for Action Doors and a good home for all its staff and clients, being based just down the road from one another. This was confirmed during the first meeting and discussions quickly progressed, delivering a fantastic, timely result for both parties. It was a pleasure working with everyone involved and I wish a successful 2020 to all.”
On behalf of everyone at Benchmark International, we would like to wish both parties every success for the future.
Americas: Sam Smoot at +1 (813) 898 2350 / Smoot@BenchmarkIntl.com
Europe: Michael Lawrie at +44 (0) 161 359 4400 / Enquiries@BenchmarkIntl.com
Africa: Anthony McCardle at +2721 300 2055 / McCardle@BenchmarkIntl.com
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Benchmark International’s global offices provide business owners in the middle market and lower middle market with creative, value-maximising solutions for growing and exiting their businesses. To date, Benchmark International has handled engagements in excess of $6B across various industries worldwide. With decades of global M&A experience, Benchmark International’s deal teams, working from 12 offices across the world, have assisted hundreds of owners with achieving their personal objectives and ensuring the continued growth of their businesses.