Protegrity Advises International Key Supply in its Merger with H.L. Flake Security Hardware
Combination Creates One of the Largest Independent Security Hardware Distribution Platforms in the U.S. Serving Locksmiths and Security Professionals
Protegrity Advisors, a leading M&A advisory firm based on Long Island which specializes in representing companies with $5 million to $100 million in revenue, has served as the advisor to International Key Supply in its merger with H.L. Flake Security Hardware, a portfolio company of Supply Chain Equity Partners, which sponsored the transaction.
“Bringing these two companies together perfectly leverages each other’s strengths and greatly benefits our customers and employees,” said Sean McAuliffe, the founder and former President of International Key Supply. He continued, “Protegrity was integral to the completion of our merger. Having the experienced staff at Protegrity to bounce questions and ideas off was invaluable. With their knowledge and expertise, I was able to make informed decisions confidently without wondering if anything was being left on the table or not considered and I was able to continue running my business while they worked diligently on our deal. I would highly recommend Protegrity Advisors to anyone looking to sell, merge or acquire a business. We couldn’t have done it without them.”
Both companies are leading distributors of security products, primarily serving locksmiths and security professionals, offering over 45,000 line items for commercial hardware, access control, residential hardware, safe and automotive security applications from the top manufacturers in the industry. The combination creates one of the largest independent security hardware distribution platforms in the United States, with customers throughout North America and worldwide.
McAuliffe will take on the role of Director & Chief Strategy Officer – Automotive. International Key Supply was headquartered in Farmingdale and operations will continue from that location.
“Sean has done an amazing job in making International Key Supply a well-recognized market leader with a stellar reputation, and we believe that H.L. Flake is a perfect complementary fit which will accelerate growth even faster. Importantly, this transaction provides for the business to stay and continue to grow on Long Island,” said Gregg Schor, CEO of Protegrity Advisors.
Long Island law firm Campolo, Middleton & McCormick, LLP, represented International Key Supply.