McKinney, Texas — B&B Roadway and Security Solutions, LLC ("B&B" or the "Company"), a portfolio company of Huron Capital and Pohlad Investments, has been acquired by ASSA ABLOY, a publicly traded access solutions company based in Sweden. Legacy FocalPoint Partners, now B. Riley Securities ("B. Riley"), served as exclusive financial advisor to the Company.
Based in McKinney, Texas, B&B designs, engineers, and manufactures roadway safety, traffic control, and perimeter security products for public and private sector end users, including departments of transportation, military bases, airports, data centers and other highly secured facilities. Throughout its long history, the Company has earned its reputation as an industry leader by providing customers with innovative, highly engineered products for traffic management and perimeter security applications.
"We are thrilled with the outcome of this transaction and excited for our future as a part of ASSA ABLOY—this partnership allows B&B to execute and expand upon our growth strategy in a powerful way," noted Dave Patterson, President of B&B. Tony Pulice, Partner at Huron Capital, added, "The [B. Riley] team was able to easily understand the nuances of the business and articulate a compelling growth story to a variety of investor types, resulting in an attractive set of strategic options. [B. Riley] provided expertise and guidance throughout the process, helping us seamlessly navigate a number of potential challenges along the way."
Massimo Grassi, Executive Vice President of ASSA ABLOY and Head of Entrance Systems Division, added, "B&B Roadway and Security Solutions with its strong market position will further strengthen our geographic coverage in the U.S. I welcome the team to ASSA ABLOY and I am convinced that we together will continue our successful journey." Keith Armour, President of the Perimeter Security Group at ASSA ABLOY, noted, "With almost 100 years of heritage, B&B is one of the most trusted brands in our industry. With them onboard, we have products that allow us to venture into new verticals and to expand our product offering for customers. The domestic manufacturing site and our expanded service network allow us to provide an even better customer experience."
"The transaction is an outstanding outcome for all parties involved and rounds out another successful closing—and year—for [B. Riley] and our Special Situations practice," said Michael Fixler, Managing Director at B. Riley. "We enjoyed working with the Company and its sponsor, Huron Capital, in this transaction and very much look forward to seeing what the Company can achieve in its new partnership with ASSA ABLOY."
About B&B Roadway
B&B provides best-in-class roadway safety, traffic control, and perimeter security systems for government, industrial, institutional, and military uses. The Company offers a diversified product line to end users in all 50 states and internationally and is an industry leader in innovation, developing intelligent, tech-enabled solutions that integrate with its products. To learn more, visit www.bbrss.com.
About ASSA ABLOY
The ASSA ABLOY Group is a global leader in access solutions. The Group operates worldwide with 48,000 employees and sales of $10 billion. The Group has leading positions in areas including efficient door openings, trusted identities, and entrance automation. ASSA ABLOY's innovations enable safe, secure, and convenient access to physical and digital places. To learn more, visit www.assaabloy.com.
B. Riley Securities is a leading investment bank that provides a full suite of investment banking, corporate finance, advisory, research, and sales and trading services. Investment banking services include initial, secondary, and follow-on offerings, institutional private placements, merger and acquisition (M&A) advisory, SPACs, corporate restructuring, and recapitalization. The firm is nationally recognized and highly ranked for its proprietary small-cap equity research. B. Riley Securities is a wholly owned subsidiary of B. Riley Financial. For more information, visit brileysecurities.com.
Please contact Michael Fixler, Managing Director, at 312-508-5780, or Michael Del Pero, Managing Director, at 310-405-7005, with any questions about this transaction.