News

OpenGate completes acquistion of ATM lock manufacturer Sargent & Greenleaf

June 4, 2019

Sargent and Greenleaf, a maker of mechanical and electronic locks for ATMs and other systems, announced the closing of its acquisition by private equity firm OpenGate Capital.

The deal was originally announced in January. Terms of the agreement were not disclosed.

“With the support from OpenGate Capital, we are working to develop and release advanced looking solutions for safes, vaults, ATMs and highly sensitive environments quicker to market while building even stronger customer relationships,” Keith Deaton, COO at Sargent and Greenleaf, said in a company release.

S&G, based in Nicholasville, Kentucky, will transition to a standalone business under the ownership of OpenGate, according to the company.