Portfolio Sales – Speyside Equity

Feb 05

AccessSMT Announces the Sale of Wholesale Division

By speqwpadmin Portfolio Sales

AccessSMT, a portfolio company of Speyside Equity, announces the sale of AccessSMT Wholesale Division. The transaction was completed on January 31, 2020.

AccessSMT, founded in 1964, has evolved into a leading manufacturer and value-added distributor of doors, frames, finishing hardware, construction specialty products, and access control devices in Western Canada and the US Pacific Northwest. The company primarily serves the mixed-use, multi-family residential market along with the industrial, commercial, and institutional (“ICI”) 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.
Kevin DaughertyManaging Director

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.

Mar 18

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Speyside Equity Announces the Sale of Western Industries Plastic Products to Littlejohn Capital

By speqwpadmin Portfolio Sales

Speyside Equity Fund I LP has announced that it has completed the sale of the Western Industries Plastic Products LLC to LJC Investments IV, LLC, an investment vehicle controlled by Littlejohn Capital, LLC. Speyside has retained ownership of the EPG business unit, which has been integrated with Block Midland Group. Western is a niche technical manufacturer of large blow molded products.

Norris McLaughlin, P.A. served as legal counsel and Stout Risius Ross Advisors, LLC served as exclusive financial advisor to Speyside with respect to this transaction.

”We congratulate and thank the Western management team for their impressive execution of the strategy that we created during due diligence. We are very proud to have partnered with management at Western. Their creative solutions to extract as much value as possible during the completion of this deal was unparalleled.
Eric WiklendtManaging Director

With more than 30 years of rich history, Western has grown to become an industry leading designer and manufacturer of premium blow-molded finished products and components for a variety of end markets and offers one of North America’s largest selections of large-head capacity machinery. The company’s end markets include the industrial, furniture, sports and leisure, transportation, and lawn and garden sectors, and its products are shipped worldwide. Founded in 1987, Western is headquartered in Winfield, Kansas.