On June 28, Dominus Capital, L.P. portfolio company Lockmasters, Inc. acquired Allied Locksmith Supply, a distributor of approximately 9,000 automotive and commercial locksmith products and residential key blanks & accessories.
Financial terms were not disclosed.
Allied has been in operation for more that four decades and is based out of Youngstown, Ohio. As of closing, Allied’s operations have been “successfully integrated” into Lockmasters’ headquarters in Nicholasville, Kentucky, according to a news release.
Lockmasters provides proprietary products, educational training and distribution of third-party combination locks, tools and hardware to the government and security professional industry.
The Allied acquisition marks the second add-on for Lockmasters under Dominus’ ownership.
“We are looking forward to carrying the torch on Allied’s core automotive remote and transponder keys distribution business as the 40-year family owners transition into retirement,” said Joe McCormack, Lockmasters’ CEO. “Now that all operations are integrated into Lockmasters and the product offerings have been made available on our e-commerce platform, we will be able to focus on delivering the best possible technical sales and rapid order fulfillment that customers have come to expect at both Lockmasters and Allied.”