OpenGate Capital, a global private equity firm, announced that its portfolio company Sargent and Greenleaf (S&G) has completed the sale of Premier Steel Doors and Frames (Premier), a US manufacturer of hollow metal doors and frames, to ASSA ABLOY, a global leader in access solutions.
The sale of Premier marks the latest development in OpenGate’s ownership of S&G, which was acquired from Stanley Black & Decker in May 2019. In December 2019, S&G acquired Premier, a leading provider of security-related hardware products.
“Premier has experienced incredible growth and innovation over the last five years within the S&G family of brands, and we believe the company is well-positioned for continued success as part of ASSA ABLOY,” said Andrew Nikou, Founder and Managing Partner at OpenGate. “We are grateful for the opportunity to have partnered with the talented team at Premier and look forward to seeing what the company achieves in this exciting new chapter.”
Founded in 1964 and headquartered in Monroe, Louisiana, Premier is an industry leader increasingly being listed by architects throughout the US. The company offers a diverse group of products for the building industry, including hollow metal doors and frames, metal building door systems, and aluminum windows.
Premier’s products have been supplied in various projects, including hospitals, schools, airports, factories, warehouses, office buildings, condominiums, hotels, convention centers, fire stations, amusement parks, and other projects.
Image courtesy: Premier Steel Doors and Frames
