Safemark Systems has been acquired by ASSA ABLOY

Safemark, a portfolio company of MSouth Equity Partners, has sold its Safe Business unit, Safemark Systems, to ASSA ABLOY.

Safemark Systems is the leading global provider of personal safe and secure storage solutions to the hospitality industry. With global sales, distribution, service and manufacturing operations, the business boasts preferred and/or approved vendor relationships with most major hotel chains and brands.

Headquartered in Sweden, ASSA ABLOY (OM: ASSA B) is a global leader in access solutions with a market capitalization of over US$23 billion. The company owns Elsafe, the largest European hospitality safe provider.

MSouth Equity Partners is a private equity firm based in Atlanta, Georgia, that invests in lower middle-market companies.

Oaklins TM Capital in the US advised Safemark, a portfolio company of MSouth Equity Partners, on the sale of its Safe Business unit, Safemark Systems.