OpenGate-backed Sargent & Greenleaf completed the acquisition of Delaney.

OpenGate-backed Sargent & Greenleaf, which manufactures mechanical and electronic locks for safes, vaults, and safe deposit boxes, completed the acquisition of Delaney, a provider of security-related hardware products, from HCI Equity Partners, a lower middle-market private equity firm. Financial terms were not disclosed. “The acquisition of Delaney is an exceptional opportunity to drive greater scale and ultimately better serve a customer base seeking the highest quality security and hardware solutions. Our combined business will offer customers an extensive product portfolio, a broader base of technical resources, and enhanced security solutions,” Mark LeMire, S&G’s CEO.