Stanley Works and HSM Complete Winning Acquisition
Lisle, IL (Jan. 16, 2007)—The Stanley Works, one of the world's most recognized brand names, announced that it has completed its purchase of HSM Electronic Protection Services, Inc. from the Chicago-based private equity firm GTCR, marking an exciting new chapter for both Stanley and HSM. HSM will continue to operate under its own brand as a part of the Stanley family and will retain the HSM senior leadership team with Tim Whall remaining as Chief Operating Officer.
The acquisition of HSM by Stanley allows HSM an outstanding opportunity for growth as a part of a major S&P 500 company that is a global supplier of consumer products, industrial tools and security solutions for professional, commercial, industrial and consumer use. Stanley, with their other outstanding security companies, allows HSM to be in a position to offer a broader range of services and products to customers and prospective customers.
Combining HSM—a top-tier leader in commercial and national account security services with a nationally recognized brand and execution capabilities—with Stanley—a stable worldwide supplier known for quality and reliable products and services—is a winning equation for HSM customers. HSM's new owners with their additional resources will allow HSM to continue its trademark of excellence and its dedication to being the preferred provider of choice.
For more information about the acquisition and The Stanley Works, please refer to www.stanleyworks.com.
# # #
