2020 – Speyside Equity

Oct 06

Affival and Pennsylvania Partner to Retain Jobs

By speqwpadmin Company News

Affival Inc., part of Opta Group LLC, has found a new home. And by moving its manufacturing jobs from Plum, Pennsylvania, to nearby New Kensington, the company retained all 50 of its employees.

Affival produces cored-wire products used to alter the properties of steel. In need of new space, the company received interest from several other regions, including Indiana, Kentucky, and Mexico. Working with Pennsylvania officials, Affival completed a $6 million project to relocate its operations to a 145,000-square-foot building in the Advanced Manufacturing Park.

”This is a good investment for us. It’s an opportunity to continue to grow in the area.
Eric WiklendtSpeyside Equity Managing Director & Opta Group Board Chair

Learn how this deal came about and what it means to the economic health of Alle-Kiski Valley.

Feb 05

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AccessSMT Announces the Sale of Wholesale Division

By speqwpadmin Portfolio Sales

AccessSMT, a portfolio company of Speyside Equity, announces the sale of AccessSMT Wholesale Division. The transaction was completed on January 31, 2020.

AccessSMT, founded in 1964, has evolved into a leading manufacturer and value-added distributor of doors, frames, finishing hardware, construction specialty products, and access control devices in Western Canada and the US Pacific Northwest. The company primarily serves the mixed-use, multi-family residential market along with the industrial, commercial, and institutional (“ICI”) market segment.

”The Wholesale Division was non-core to the primary AccessSMT platform and selling it was a strategic move to streamline the company and focus solely on the project management side of the business.
Kevin DaughertyManaging Director

The Wholesale Division sold security solutions and door hardware including mechanical security devices, access control, exit hardware, safes, and other wholesale products operating across Canada to locksmiths and other industrial and commercial end markets.