Allegion US Holding Company Inc. acquired Stanley Access Technologies LLC and Automatic Entrance Solutions Assets from Stanley Black & Decker for $900 million.
The Goldman Sachs Group, Inc. (NYSE:GS) acted as financial advisor to Allegion. Lori Zyskowski and Andrew Kaplan of Gibson, Dunn & Crutcher LLP acted as legal advisor to Stanley Black & Decker, Inc. Michael P. Considine, P.C. and Courtney Roane of Kirkland & Ellis LLP acted as legal advisor to Allegion US Holding Company Inc.Centerview Partners has acted as a financial advisor to Stanley Black & Decker
Allegion US Holding Company Inc. completed the acquisition of Stanley Access Technologies LLC and Automatic Entrance Solutions Assets from Stanley Black & Decker on July 5, 2022. The Company funded the aggregate purchase price through the issuance of proceeds from its $600 million aggregate principal amount of its 5.411% Senior Notes due 2032 together with cash on hand and additional borrowings under its revolving credit facility. Stikeman Elliott LLP acted as Canadian counsel to Allegion PLC in the deal.