HID Global Buys Controller Manufacturer, Mercury Security Products
HID Global has purchased controller manufacturer Mercury Security Products from Access Control Related Enterprises (ACRE), the owner a Vanderbilt and ComNet.
Since its inception, Mercury Security has focused on a distinct manufacturing niche: innovative OEM hardware for the increasingly demanding world of facility security and access control. Authentic Mercury controllers, readers and embedded solutions consistently provide partners the most reliable and scalable open platforms. With more than 4 million panels installed around the world, Mercury has grown to become the controller platform supplier of choice for access control.
“Divesting Mercury after many years of success since ACRE purchased the business in 2013 is a strategic move that allows ACRE to focus on its core access control, video and intrusion businesses under the Vanderbilt and ComNet brands,” said ACRE CEO, Joseph Grillo. “HID is the perfect home to provide for the continued growth and success of Mercury, which will remain a valued technology supplier to Vanderbilt.”
Mercury Security Products, located in Long Beach, California, is a global leader in the supply of OEM access control hardware. Mercury has an installed base of 4 million control panels world-wide and has been providing enhanced access control technology to its partners since 1992. Partners include Lenel, Brivo, Honeywell, S2, Keri Systems and many more.
HID’s acquisition of Mercury Security is subject to regulatory approval and customary closing conditions. It is expected to close in Q4 2017. Financial terms of the agreement are not being publicly disclosed. Houlihan Lokey Capital, Inc. and Raymond James & Associates, Inc. acted as financial advisors to ACRE and Mercury.♦