COIL PARTNERS Announces Acquisition of AB Technology by SureKap

We are pleased to announce that our client AB Technology, Inc. ("AB Technology" or “the Company") has been acquired in an all-cash transaction by SureKap, LLC, a portfolio company of LFM Capital ("LFM”). Coil Partners acted as the exclusive financial advisor to AB Technology for the transaction.

Based in Los Angeles, California, AB Technology is an automation engineering company and an industry leader for high-speed labeling and padding systems focused primarily on the food packaging industry. The Company’s equipment is regarded as best-in-class due to its high performance labeling system and expert design/engineering. The Company has established a ~30-year history of manufacturing/engineering excellence and brand value serving the packaging industry's leading customers.

According Ante Baskovic Jr., AB Technology owner and EVP, "The alignment of AB Technology's and SureKap's business models and cultures is compelling. We are excited to extend our family legacy with SureKap to further serve our customers and scale the combined companies."

Advising the owners of AB Technology, Coil Partners was successful in managing a sell side M&A process that included positioning the Company’s value proposition to industry buyers, leading to structuring and negotiating the Company sale to SureKap.  

Baskovic Jr. added, "Coil Partners, led by Paul Donnelly, was instrumental in navigating the transactional and relational process with our leaders and those of SureKap and LFM. They were very effective in communicating our Company's value proposition to buyers, while walking alongside us at every stage of the process."

COIL PARTNERS Announces Acquisition of Krieger Specialty Products by Allegion

We are pleased to announce that our client Krieger Specialty Products LLC ("Krieger” or “the Company") has been acquired in an all-cash transaction by Allegion plc. Coil Partners acted as the exclusive financial advisor to Krieger Specialty Products for the transaction.

Based in Los Angeles, California, Krieger is a leading U.S. manufacturer of high-performance special purpose doors and windows for industrial, commercial and institutional markets. Krieger’s solutions include security, radio frequency, acoustical, forced entry, bullet, blast and thermal applications. The Company’s products are installed in a wide range of facilities ranging from data centers, hospitals, power plants and government offices to broadcasting stations, theaters, museums and banks.

According to Bob McCluney, Krieger’s owner and CEO, “The alignment of Allegion’s and Krieger's cultures is striking.” Allegion Americas’ Senior Vice President Dave Ilardi stated, “Krieger’s high-quality specialty products will add to the breadth of Allegion’s solutions, while our specification and institutional market expertise will fuel demand creation and growth for Krieger. Our businesses will also create greater manufacturing scale, leveraging our combined talented teams to best serve customers.” 

Advising the owner of Krieger Specialty Products, Coil Partners was successful in managing a sell side M&A process that included positioning the Company’s value proposition to industry buyers, leading to the structuring, and negotiating the Company sale to Allegion plc.