The Capital Corporation is pleased to announce the sale of Southeastern Dock & Door (headquartered in Greenville, South Carolina) to ASSA ABLOY (headquartered in Stockholm, Sweden). Southeastern Dock & Door is a leading industrial and commercial door and docking solutions distributor in South Carolina, North Carolina, and Georgia. ASSA ABLOY is a global leader of door opening solutions.
For the last twenty years, Southeastern Dock and Door has established itself as a leading seller, installer, and servicer of both industrial doors (including rolling steel service and fire doors, and sectional steel doors) and loading dock equipment (including seals, dock shelters, dock levelers and trailer restraints). More recently, the company expanded beyond the industrial markets by beginning to service the commercial door markets as well as access control security systems, certified biometrics and fire inspections industries. Since its inception in 1997, Southeastern Dock and Door successfully built a loyal and robust customer base of Fortune 1,000 companies based on the time tested formula of offering superior products with consistently excellent service.
Jim Foster, the President of Southeaster Dock & Door, commented "We are excited about becoming a member of the ASSA ABLOY team. ASSA ABLOY will empower us to focus even more resources into offering our customers the excellent service they deserve."
The Capital Corporation, a leading investment bank headquartered out of Greenville, South Carolina and with offices in Spartanburg, South Carolina and Boca Raton, Florida, served as the exclusive advisor to Southeastern Dock & Door on the transaction.
About Southeastern Dock and Door: Southeastern Dock and Door (www.southeasterndockanddoor.com) is a regional, value-add distributor that sells, installs, and services state of the art loading dock equipment, industrial/commercial doors, access control security systems, as well as complete storefronts.
About ASSA ABLOY: ASSA ABLOY (www.assaabloy.com) is the global leader in door opening solutions, dedicated to satisfying end user needs for security, safety and convenience. Since its formation in 1994, ASSA ABLOY has grown from a regional company into an international group with about 46,000 employees, operations in more than 70 countries and sales of approximately $7 billion. In the fast-growing electromechanical security segment, the Group has a leading position in areas such as access control, identification technology, entrance automation and hotel security.
About The Capital Corporation: Since 1991, The Capital Corporation (www.thecapitalcorp.com) has been providing merger and acquisition services to lower middle market companies. The Capital Corporation's team of professionals has closed hundreds of transactions and leverages their backgrounds from Wall Street and Fortune 500 companies for the benefit of its clients. The Capital Corporation is one of only six investment banks in the United States that has achieved the exclusive IMAP membership, allowing for unparalleled access to a global buyer network across three dozen countries.
Contact: Devin Green, 864.672.8400, dgreen@thecapitalcorp.com