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Lockmasters completes acquisition of Orchard Lock Distributors to expand commercial door hardware solutions

Jan 09, 2025•7 months ago

Acquiring Company

Lockmasters

Acquired Company

Orchard Lock Distributors

NicholasvilleHamdenSecurityHardware

Description

Lockmasters, Inc., a leading supplier of safe locks, tools, and commercial hardware, has announced the acquisition of Orchard Lock Distributors LLC, a specialty wholesale distributor of commercial and architectural door locksets. This acquisition strengthens Lockmasters' product and service offerings and enhances its shipping capabilities across the Northeastern U.S.

Company Information

Company

Lockmasters

Location

Nicholasville, Kentucky, United States

About

Since 1955, Lockmasters has been providing the highest quality safe locks, tools, commercial hardware, specialty doors & education to the government and security professional industry. It is the leading supplier of combination and safe deposit locks in the United States. But it is more than a lock company. Lockmasters offers extensive product lines and educational training to a range of security professionals including automotive, banking, commercial, government, industrial and safe. To better assist Lockmasters commercial and industrial security customers, the company began offering stand-alone access control and door hardware lines, which continue to grow.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed