About the Deal
STRATTEC SECURITY CORPORATION (Nasdaq: STRT), located in Milwaukee, Wisconsin, is one of the world’s largest producers of automotive security and access products. STRATTEC designs and manufacturers automotive locks, latches, fobs, push button starting, handles and power door systems for global automotive companies. It also supports an extensive locksmith network, provides contract precision zinc die casting and has created BOLT, a product line of padlocks easily coded by consumers.
ACTUATOR SYSTEMS LLC is a manufacturer of custom-designed security products using the latest technologies. Their commercial and residential weatherproof biometric locks are used in every environment, from government installations to commercial office spaces to residential doors worldwide. Products are sold in over 20 countries through a reseller network that includes thousands of locations.
STRATTEC Advanced Logic will combine the scale of STRATTEC’s North American engineering, manufacturing, and locksmith customers with Actuator’s advanced digital security technologies and non-automotive sales channels
BRIDGEWOOD ADVISORS initiated this transaction, assisted in negotiations and acted as exclusive financial advisor to STRATTEC SECURITY CORPORATION.
