Client Successes Aug 04, 2017

BB&K Advises on Partnership and Acquisition Deal for Safe Company

Creates Market Leader in the Field

A team of Best Best & Krieger LLP attorneys represented Cannon Safe, the leading manufacturer of large-scale residential safes and innovator in home defenses systems, in a deal that will expand their services and market share.
 
Partners George Reyes and Patrick Monroe, along with attorney Jeremiah Lee and paralegal Randi Walseth, represented Cannon in its partnership with MidOcean Partners, a private equity firm, and the combined entity’s acquisition of Stack-On Products. The financial terms of the deal, announced Aug. 2, are undisclosed.
 
Cannon Safe Chief Executive Officer Aaron Baker stated in a press release, “Combining Cannon Safe and Stack-On creates a market leading platform that dramatically expands our presence in the residential safe and secure storage markets under these iconic brands and best-in-class products, positioning us to truly meet our stated goal of ‘A Safe in Every Home.’”
 
Cannon Safe, in business since 1965, is a long-recognized industry leading manufacturer of high quality products including large scale safes, personal safes, home security products and quick access safes under the Cannon Safe, GunVault and Cannon Security Products brand names.
 
Stack-On, based in Illinois, had more than 45 years of proven success in manufacturing and distribution of home safes, gun security products, garage storage and organizational products under the Stack-On Products, Sovereign and Sentinel brand names.

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