Rhinotek Entrance Solutions has been acquired by ASSA ABLOY.
Coldwater Corporate Finance Inc. acted as the exclusive M&A advisor to Rhinotek Entrance Solutions (“Rhinotek” or the “Company”) on its sale to ASSA ABLOY (STO: ASSA B). Miller Thomson LLP acted as the sell-side legal advisor, and Ward & Uptigrove LLP as the sell-side accounting and tax advisor.
Founded in 2011, Rhinotek has grown into a national provider of turn-key architectural and security entrance systems, delivering a fully integrated suite of design, manufacturing, installation, and ongoing service. The Company distinguishes itself through its ability to function as the general contractor on complex entrance projects, coordinating all related trades and ensuring seamless execution from concept to completion. Rhinotek’s systems support mission-critical access needs for major commercial and industrial clients, including Apple, Honda, Rogers Communications, CIBC, Loblaws, Amazon, and EllisDon, reflecting the Company’s reputation for reliability, technical competence, and end-to-end project stewardship.
Founded in 1994, ASSA ABLOY is a global leader in access and entrance solutions, offering a broad suite of automatic doors, security entrances, and connected access technologies. The Company has expanded its platform through a disciplined acquisition strategy and a service model supported by advanced preventative maintenance capabilities and a nationwide network of technicians. ASSA ABLOY’s emphasis on safety, reliability, and technology-enabled access continues to influence standards across commercial, institutional, and industrial settings.
Coldwater worked closely with Rhinotek’s leadership to articulate the Company’s technical strengths and long-established customer relationships, presenting the business with clarity and precision. Drawing on sector knowledge and relationships built through prior mandates, the advisory team engaged a targeted group of qualified acquirers whose interests aligned with Rhinotek’s capabilities and market position. This deliberate approach enabled the Company to enter the market with a cohesive narrative and generated meaningful interest from established industry operators.
ASSA ABLOY ultimately emerged as the preferred acquirer based on a clear strategic fit. Jay Lowe, President of Rhinotek Solutions, commented on the transaction:
“Our companies share the same core values that our customers have come to know and love. We are beyond excited for this next chapter and grateful for the team at ASSA ABLOY and the warm welcome we have received from them.”
The transaction provides a strong result for shareholders and positions the Company for continued growth within ASSA ABLOY’s global platform, underscoring Coldwater’s ability to align specialized businesses with the right long-term partners.
