Northern Edge Advisors Represents Pedestal PRO in Sale to ASSA ABLOY | ASSA Stock News

4 days ago

ASSA ABLOY (ASSA_B) acquires Utah-based Pedestal PRO to enhance access solution offerings.
The acquisition strengthens ASSA ABLOY's presence in mature markets with seamless product integration.
Pedestal PRO's leadership, including CEO Pike Goss, to remain following the acquisition.

ASSA ABLOY (ASSA_B), a global leader in access solutions with annual sales of approximately $15.6 billion and 63,000 employees, has acquired Pedestal PRO, a manufacturer specializing in access control mounting solutions based in Lindon, Utah. Founded in 2002, Pedestal PRO provides universal and device-specific solutions for systems integrators and security professionals worldwide, along with custom design and fast-track fabrication services.

The acquisition is set to bolster ASSA ABLOY's market position, particularly in mature markets, by expanding its core business portfolio. Pedestal PRO's offerings are noted for their compatibility and seamless integration with ASSA ABLOY solutions, delivering immediate commercial value.

Pike Goss, CEO of Pedestal PRO, along with the company's leadership team, will remain in place to support continued growth in collaboration with ASSA ABLOY. The transaction was facilitated by Northern Edge Advisors, who served as the exclusive financial advisor to Pedestal PRO during the sale process.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App 中文

Education

Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Site Map Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.