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Lockmasters Acquires JLM Wholesale

Feb 06, 2024•over 1 year ago

Acquiring Company

Lockmasters

Acquired Company

JLM Wholesale

NicholasvilleOxfordSecurityWholesale

Description

Lockmasters, Inc., a leading provider of proprietary products, educational training, and distribution of third-party combination locks, tools, and hardware, has completed the acquisition of JLM Wholesale, Inc. JLM is a specialty wholesale distributor of commercial door hardware and security solutions, selling primarily into the commercial glass and glazing market. This strategic move is aligned with Lockmasters' expansion objectives to broaden its distribution footprint and enhance its product portfolio, positioning the company for continued growth and success in the security solutions market.

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.

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

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