LockeyUSA Inc.
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LockeyUSA Inc. - overview
Established
1989
Location
Mount Pleasant, MI, US
Primary Industry
Consumer Products
About
LockeyUSA Inc. is a manufacturer based in the US, specializing in innovative keyless locking solutions and hardware, enhancing security for residential and commercial environments. LockeyUSA Inc. was founded in 1989 in Mount Pleasant, US, and focuses on the design and manufacturing of keyless locking systems.
The company was acquired by Nationwide Industries, Inc. on February 25, 2021, although financial terms remain undisclosed. The acquisition is intended to support LockeyUSA's growth strategy. LockeyUSA specializes in keyless locking solutions, gate hardware, and panic hardware designed to enhance security across various settings.
Their product offerings include advanced keyless door and gate locks suitable for homes, schools, hospitals, and government facilities. The company also provides gate closers and panic exit hardware, ensuring quick egress while maintaining security. LockeyUSA primarily serves North American markets with a distribution network extending into the United States and Canada, catering to both direct consumers and businesses. LockeyUSA generates revenue through direct sales and partnerships with approximately 500 distributors and retailers.
Their flagship products, including the GBS2000 keyless gate security system and various panic hardware solutions, contribute to their revenue model, which is primarily B2B, where wholesalers and retailers purchase products for end consumers. Following the acquisition by Nationwide Industries, Inc. , LockeyUSA plans to leverage this partnership for future growth. The company is focused on expanding its product line with new security solutions set to launch in the next few years.
Additionally, LockeyUSA is targeting expansion into new geographic markets, particularly looking to enhance its presence in regions beyond North America. The recent acquisition will support these initiatives, providing resources for product development and market entry strategies.
Current Investors
Nationwide Industries, Inc.
Primary Industry
Consumer Products
Sub Industries
Consumer Products, Home Improvement & DIY, Electronics
Website
www.lockeyusa.com
Verticals
Manufacturing
Company Stage
Add-on
Total Amount Raised
Subscriber access only
LockeyUSA Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | LockeyUSA Inc. | - |
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LockeyUSA Inc. - employee data


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