Stack-On Products has been sold to Cannon Safe and MidOcean Partners
Lincoln International (“Lincoln”), a leading global mid-market investment bank, is pleased to announce that Stack-On Products (“Stack-On” or the “Company”) has been sold to Cannon Safe, Inc. (“Cannon Safe”) with a supporting investment from MidOcean Partners (“MidOcean”). Terms of the transaction were not disclosed.
Stack-On, based in Illinois, was founded by John Lynn in 1972 and is a leading supplier of secure storage and home organization solutions with over 45 years of proven success. Stack-On manufactures and distributes home safes, gun security products, garage storage and organizational products under the Stack-On, Sovereign and Sentinel brand names and is highly regarded for its strong reputation in design, sourcing and distribution, serving the full range of retailers through its go-to-market strategies, category management capabilities and high quality services.
Don Pannier, Executive Vice President for Stack-On, commented, “We are excited for this new chapter in Stack-On’s legacy and the opportunity to partner with the Cannon Safe team in continuing to drive the expansion of the secure storage sector.”
Chris Stradling, Managing Director in Lincoln’s Consumer Group, added, “We congratulate the teams from Stack-On and Cannon Safe on this transaction. The iconic brands, best-in-class products, and combined operating strength of the two companies uniquely position the combined business for continued market leadership.”
Lincoln acted as the exclusive sell-side advisor to Stack-On, working closely with the management team and shareholder throughout the sale process. This included providing advisory expertise and managing the marketing, negotiation and due diligence phases of the transaction.
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