OpenGate Capital has sold Premier Steel Doors and Frames, a division of Sargent & Greenleaf, to ASSA ABLOY Group

Premier Steel Doors and Frames

Premier Steel Doors and Frames is a leading provider of hollow metal doors and frames and building door systems for industrial, commercial and multi-family markets. Sargent & Greenleaf originally acquired Premier in 2020 as a strategic add on. With a track record of success for more than 30 years, Premier is a trusted, customer-focused supplier with a leading footprint in the southeast U.S. The company manufactures a diverse group of products, including fire and storm rated assemblies, beveled and non-handed door units, as well as flush, paneled and glazed door assemblies. For more information, please visit www.trustpremier.com.

The Deal

OpenGate Capital engaged Lincoln International to run a process to find a partner to support Premier’s continued growth plan. ASSA ABLOY Group’s acquisition of Premier will support growth initiatives around geographic expansion, further penetration of the metal door market and expanded design and manufacturing capacity in the U.S. market.

Our Perspective

Scott Molinaro, Lincoln International Managing Director who led the transaction, commented, “Collaborating with OpenGate and Premier has been an exceptional experience. Joey Meggs, the President of Premier, has demonstrated remarkable leadership and we are confident he will continue to achieve success and inspire others. The strategic partnership between Premier and ASSA ABLOY is poised to drive growth and expansion within the U.S. market and we are eager to see the success that lies ahead for them.”

Jeff Corum, Lincoln International Managing Director who co-led the transaction, added, “We are thrilled for OpenGate and the management team at Premier. They have identified a strong partner in ASSA ABLOY to guide them into their next phase of development.”

OpenGate Capital

OpenGate is a global private equity firm specializing in the acquisition and operation of businesses to create new value through operational improvements, innovation and growth. Established in 2005, OpenGate is headquartered in Los Angeles with a European office in Paris. OpenGate’s professionals possess the critical skills needed to acquire, transition, operate, build and scale successful businesses. To date, OpenGate has executed more than 40 platform acquisitions across North America and Europe. For more information, please visit www.opengatecapital.com.

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