Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, A Better Choice Lock & Key, LLC, to Anderson Lock and Safe. The acquisition closed August 3, 2020 and details were not disclosed.
Located in Chandler, Arizona, A Better Choice Lock & Key provides a full-service lock shop, knowledgeable team members, state-of-the-art equipment and an extensive inventory of locking hardware, keys, safes and security components to its clients.
Anderson Lock and Safe, located in Phoenix, Arizona, is the largest locksmith firm in Arizona. Since 1966, the Company has remained a family-owned and community-focused organization emphasizing customer service, integrity, and expertise in locks and security.
Generational Equity Executive Managing Director of M&A – Western Region, Stephen Crisham, and his team, led by M&A Advisor Jerry Glover with support from Vice President Mergers & Acquisitions Bo Zhao, successfully closed the deal. Senior Managing Director Doug Morrow established the initial relationship with A Better Choice Lock & Key.
“It was a pleasure working with the seller and the buyer in this transaction. Both were completely motivated, organized, and professional during the entire process” said Glover.
If you’d like to explore other transactions our associates have supported in this industry, visit our dedicated Business Services M&A Deals page.
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