AccessSMT has sold three hardware distribution business to a PE buyer group

AccessSMT Holdings Ltd., a portfolio company of Speyside Equity, has sold Hardware Agencies, Serrubec Inc. and McGregor Hardware Distribution to Champlain Financial Corporation and GL Capital Inc.

Hardware Agencies, Serrubec Inc. and McGregor Hardware Distribution collectively operate across Canada as a premier distributor of security solutions and door hardware, including mechanical security devices, access control, exit hardware, safes and other related products to locksmiths, industrial, education, retail, institutional, commercial and other end markets.

Champlain is a Canadian entrepreneurial private equity firm focused on investing in successful and established Canadian companies. GL Capital is the family office of the Laporte family, one of the principal shareholders of BRP Inc. (Bombardier Recreational Products).

With locations across Canada, AccessSMT manufactures, installs and distributes hardware, doors, frames, construction specialty products and access control devices.

One of Oaklins’ teams in the USA served as the exclusive financial advisor to Vancouver, Canada-based AccessSMT, a portfolio company of Speyside Equity, in this transaction.