Securefast Acquired by OSL Group
Sheffield-based OSL Group Limited acquires Securefast
From a simple door latch to the most sophisticated access control systems Securefast offers a range of locking solutions, including fire and security products under their leading brands Deedlock and Entra. Securefast will continue to trade under its current name but will now become part of the OSL Group, which includes firms such as Cutting Technologies, CQR and Owen Springs.
OSL Group employ over 200 staff globally, with turnover for this year expected to surpass £40m.
Mathew Grey, CEO at OSL Group, said: “We are delighted that Securefast has joined the Group. The acquisition broadens out our security proposition, taking us deeper into access control, enabling us to support our global distribution partners and ultimately our end users.”
“The Securefast management team share our passion for developing products that deliver value to our customers and I look forward to taking the new offering to market.”
Managing Director at Securefast, Duncan Crawley, said: “It became apparent that we needed a larger partner to help us grow and achieve our future goals. Becoming part of the OSL Group has many benefits, such as enabling us to build a bigger, more progressive security locking and access control company within the security market.”
“A key benefit for Securefast is being able to take advantage of the Group’s established export operation, allowing us fast-tracked access to clients worldwide.”
Mike O’Connor, Senior Deal Leader at Entrepreneurs Hub commented, “I am delighted that Securefast have found the perfect partner in OSL Group and confident that the business will continue to grow and flourish under the ownership of OSL. It was a pleasure to work with Duncan and his team on this transaction.”
Duncan Crawley also commented “We are grateful for the support and guidance that Entrepreneurs Hub offered to us during the sale process and would happily recommend them to anyone considering their exit strategy.”
Malcolm Murray – Director and Co-Founder at the Entrepreneurs Hub said “When I first met with Duncan and Russell, I could see Duncan and the Securefast team had built a great business and that the strategy to become part of a larger group was the best option to maximise the growth potential. I wish Duncan and Mathew the very best as Securefast becomes part of the larger OSL Group of companies.
