Latest news with #PedestalPRO
Business Wire
21-04-2025
- Business
- Business Wire
Northern Edge Advisors Represents Pedestal PRO in Sale to ASSA ABLOY
NEW YORK--(BUSINESS WIRE)--Northern Edge Advisors served as the exclusive financial advisor to privately-held Pedestal PRO, LLC in the sale to Swedish public company ASSA ABLOY (NASDAQ Stockholm: ASSA_B). 'We underestimated the complexity and intensity of the M&A process and are incredibly grateful to Northern Edge Advisors for their expertise from start to finish.' Founded in 2002 and based in Lindon, Utah, Pedestal PRO is a leading designer and manufacturer of access control mounting solutions, serving a global network of systems integrators and security professionals. Its extensive product portfolio includes both universal and device-specific solutions, complemented by a custom design and build program with fast-track fabrication. With 63,000 employees and annual sales of approximately $15.6 billion, ASSA ABLOY is a global leader in access solutions with leading positions in many market segments, including efficient door openings, trusted identities, and entrance automation. The acquisition strengthens ASSA ABLOY's presence in mature markets by enhancing its core business with complementary products and capabilities. Nearly all Pedestal PRO offerings integrate seamlessly with ASSA ABLOY solutions, delivering immediate commercial value. Northern Edge Advisors played a pivotal role advising Pedestal PRO in the transaction and executed a broad and disciplined marketing campaign that led to the cross-border sale to ASSA ABLOY. The founders and leadership team of Pedestal PRO will remain in place, working collaboratively with ASSA ABLOY to facilitate continued growth. 'The sale of Pedestal PRO to ASSA ABLOY represents the culmination of twenty-three years of dedication to building this business,' said Pike Goss, CEO of Pedestal PRO. 'We underestimated the complexity and intensity of the M&A process and are incredibly grateful to Northern Edge Advisors for their expertise from start to finish.' 'This transaction highlights Northern Edge Advisors' strength in connecting our North American middle-market clients with global strategic buyers. I remain impressed by Pike Goss and Glen Squire's capacity to complete critical market initiatives while working through a time-intensive sale process. Pedestal PRO's success is a direct reflection of their professionalism, high standards, and personal integrity. It has been a true privilege to work with them as they executed this exceptional transaction,' commented Bob Goldsmith, President of Northern Edge Advisors. Headquartered in New York City, with offices in the United States and Canada, Northern Edge Advisors is a boutique investment bank with a core focus on sell-side financial advisory services for privately owned businesses across all industries.
Yahoo
17-04-2025
- Business
- Yahoo
ASSA ABLOY acquires Pedestal PRO in the US
STOCKHOLM, April 17, 2025 /PRNewswire/ -- ASSA ABLOY has acquired Pedestal PRO, a US manufacturer of access control pedestals, bollards, and innovative mounting solutions. "I am very pleased to welcome Pedestal PRO into the ASSA ABLOY Group. This acquisition delivers on our strategy to strengthen our position in mature markets through adding complementary products and solutions to our core business," says Nico Delvaux, President and CEO of ASSA ABLOY. "Pedestal PRO is an established innovator that seamlessly integrates design, architectural elements, and access control technology, and I am excited for them to be part of ASSA ABLOY," says Lucas Boselli, Executive Vice President of ASSA ABLOY and Head of the Americas Division. "Their product portfolio enhances our offering for electromechanical solutions and solidifies our position as a go-to partner for access control equipment manufacturers, system integrators, and security professionals." Pedestal PRO was founded in 2002 and has some 50 employees. The main office and factory are located in Lindon, Utah, USA. Sales for 2024 amounted to about MUSD 11 (approx. MSEK 120) with a good EBIT margin. The acquisition will be accretive to EPS from the start. For more information, please contact: Nico Delvaux, President and CEO, tel. no: +46 8 506 485 82Erik Pieder, CFO and Executive Vice President, tel. no: +46 8 506 485 72 Björn Tibell, Head of Investor Relations, tel. no: +46 70 275 67 68, e-mail: About ASSA ABLOY ASSA ABLOY is the global leader in access solutions. Every day we help people feel safe, secure and experience a more open world. We operate worldwide with 63,000 employees and sales of SEK 150 billion, with leading positions in areas such as efficient door openings, trusted identities and entrance automation. Our innovations enable safe, secure and convenient access to physical and digital places. This information was brought to you by Cision The following files are available for download: Press Release (PDF) Pedestal Pro image View original content:
