New York, NY – December 19, 2023
DDA & Company is pleased to announce its role in the sale of Ghost Controls, a US supplier of automated residential gate openers, to ASSA ABLOY.
Ghost Controls was founded in 2015 in Tallahassee, Florida by Joe Kelley, and quickly became a leader in the Do-It-Yourself (DIY) segment of automated post-mount gate openers in the United States. Thanks to a deeply experienced management team, a strong brand and a multi-channel distribution strategy, they have managed to grow the business to sales of about MUSD 30 in 2022 with a strong EBIT margin.
“Ghost Controls was founded on the guiding principle of improving lifestyles through innovation. We are excited and honored to complement ASSA ABLOY’S vast portfolio with innovative solutions and controls.”
“Joe Kelley has been a long-term relationship of the firm; we are thrilled to see how he and his team have built the Company from the ground up and we’re excited for the future within the ASSA ABLOY group, “said Jean-Damien Perrier, Partner at DDA & Company.
DDA & Company served as exclusive financial advisor to Ghost Controls on this transaction.
For further information about this transaction and DDA & Company, please visit www.ddacompany.com or contact Jean-Damien Perrier, Partner in New York, at jdperrier@ddacompany.com or Dider Choix, Founder of DDA & Company at dchoix@ddacompany.com
