ProSteel Security Products, Inc.
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ProSteel Security Products, Inc. - overview
Established
1947
Location
Provo, UT, US
Primary Industry
Materials
About
ProSteel Security Products, Inc. specializes in providing durable physical security solutions that safeguard homes and valuables, emphasizing reliability and quality craftsmanship in its offerings. Founded in 1947, ProSteel Security Products, Inc. operates from Provo, US, focusing on developing security solutions.
The company has undergone strategic pivots but has remained true to its mission of enhancing security for individuals and families. Eric H. Kim Waddoups serves as the CEO, overseeing its operations and growth. ProSteel has engaged in 2 significant deals, with the most recent occurring on June 14, 2017.
ProSteel Security Products specializes in delivering robust physical security solutions designed to protect individuals, families, and their possessions. Their core offerings include residential fire-rated safes, high-security containers, and FEMA 320-rated storm/security doors, serving homeowners and businesses across the United States. The company’s emphasis on quality craftsmanship reflects a commitment to meeting diverse customer needs for safety and reliability in security investments. ProSteel Security Products generates revenue through sales of its security solutions, marketed directly to consumers and through partnerships with retailers and wholesalers.
The product lineup includes flagship offerings like TheftGard safes and HSC High-Security Containers, catering to various price points. Clients may engage in one-time purchases or opt for comprehensive security solutions, ensuring accessibility and affordability in the security market. ProSteel Security Products plans to leverage its recent funding from the deal on June 14, 2017, to design and launch new products aimed at enhancing home security. The company is focused on expanding its market reach into additional regions across the United States, targeting areas with higher incidences of theft and natural disasters.
Specific timelines for product releases and expansions will be outlined in future strategic meetings.
Current Investors
Promus Equity
Primary Industry
Materials
Sub Industries
Steel & Metals
Website
www.prosteel.us
Verticals
Manufacturing
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
ProSteel Security Products, 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Private Debt | Completed | ProSteel Security Products, Inc. | - | ||||||||
| Buyout | Completed | ProSteel Security Products, Inc. | - |
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