AccessSMT in Vancouver, British Columbia, Canada — a portfolio company of Ann Arbor’s Speyside Equity Fund I LP — today announced it has sold its AccessSMT Wholesale Division. The deal was finalized Jan. 31 and financial details were not disclosed.
AccessSMT, founded in 1964, is a manufacturer and distributor of doors, frames, finishing hardware, construction specialty products, and access control devices in western Canada and the U.S. Pacific Northwest.
The company primarily serves the mixed-use, multi-family residential market along with the industrial, commercial, and institutional market segment.
“The Wholesale Division was non-core to the primary AccessSMT platform and selling it was a strategic move to streamline the company and focus solely on the project management side of the business supplying doors, hardware and other Division 10 products for larger construction projects,” says Jeffrey Stone, managing director of Speyside Equity.
The Wholesale Division sold security solutions and door hardware including mechanical security devices, access control, exit hardware, safes, and other wholesale products operating across Canada to locksmiths and other industrial and commercial end markets.