About the Security Source Deal
Philadelphia, PA – Mufson Howe Hunter, a leading investment banking firm serving companies in the middle market, is pleased to announce the sale of the Lock & Hardware Division of Security Source to QSI Facilities, a portfolio company of Gridiron Capital. Terms of the transaction were not disclosed.
Security Source, headquartered in Wilmington, MA, is a provider of Video Surveillance and Lock & Hardware services to a client base made up predominantly of large, national retail companies. The Lock & Hardware Division distributes, installs and services lock and related hardware through a network of installers located throughout North America. The Division provides multi-location installation, service and support, working closely with its clients to implement cost-effective, product-agnostic solutions.
Mufson Howe Hunter acted as the exclusive financial advisor to Security Source, working closely with the company’s management team throughout the sale process. Bruce Rogoff, CEO of Security Source, commented, “We were exceptionally pleased to have the MHH team alongside us throughout the sale process. They showed a strong level of commitment to working with us from the inception of this process until its conclusion.”