News

Cannon Safe Announces Partnership with MidOcean Partners To Acquire Stack-On Products

Objective Capital Partners Acted as Financial Advisor to Cannon Safe

San Diego, CA- August 7, 2017 – Objective Capital Partners, a leading M&A investment banking firm specializing in middle market M&A, healthcare & life sciences and valuation advisory services, is pleased to announce the successful closing of one of its advisory engagements with Cannon Safe, Inc.  Cannon Safe, the market leader in the start-to-finish manufacturing of large scale residential safes and the leading innovator of quick-access home defense safes under the GunVault brand, recently announced a partnership with MidOcean Partners, a premier middle market private equity firm focused on consumer and business services, to acquire Stack-On Products, a market leader in secure storage and home organization.

“Objective Capital Partners worked hard to find the right partner that would enable our team to continue to excel in an industry we love. They truly understood it was not just a deal, but it must be the right deal with the right partner,” said Aaron Baker, Chief Executive Officer of Cannon Safe and leader of the combined business.

Best Best & Krieger LLP and Objective Capital Partners acted as legal and financial advisors, respectively, to Cannon Safe. Kirkland & Ellis LLP acted as legal advisor to MidOcean Partners. Lincoln International acted as financial advisor and Taft Stettinius & Hollister LLP acted as legal advisor to Stack-On.  Financial terms of the deal were not disclosed.

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About Cannon Safe, Inc.

Cannon Safe has been in business since 1965 and has long been recognized as an industry leading manufacturer of high quality products including large scale safes, personal safes, home security products and quick access safes under the Cannon Safe, GunVault and Cannon Security Products brand names. Cannon Safe is a start to finish manufacturer of large scale residential fire safes And GunVault is the leader in quick access home defense safes, with a well-established consumer following around its patented No-Eyes® keypad. Cannon Safe has a stated goal of “A Safe in Every Home” that is the motto of every team member at the company. For more information, please visit Cannon Safe’s website (www.cannonsafe.com).

About Stack-On Products Company

Stack-On Products Company, based in Illinois, was founded by John Lynn in 1972 and has had over 45 years of proven success in manufacturing and distribution of home safes, gun security products, garage storage and organizational products under the Stack-On Products, Sovereign and Sentinel brand name. Stack-On products are designed to meet the needs of homeowners, do-it-yourselfers, and sportsmen throughout the world. Stack-On security products include portable cases for protection on the go, small safes to secure valuables in the home or office, quick access gun safes for home defense, and an unmatched selection of gun cabinets and gun safes for secure firearm storage. Homeowners and do-it-yourselfers will find storage drawers and bins, tool boxes, workbenches, and a variety of large storage cabinets ideal for home or garage organization. For more information, please visit Stack-On’s website (www.stack-on.com).

About MidOcean Partners

Established in 2003, MidOcean Partners is a premier New York-based alternative asset manager that specializes in middle market private equity and alternative credit investments. Since inception, the focus of the private equity funds has been on high-quality middle market companies with attractive strategic, operational and financial growth opportunities in the Consumer and Business Services sectors. MidOcean Credit Partners was launched in 2009 and manages approximately $6.2 billion across a series of alternative credit strategies, collateralized loan obligations (“CLOs”), and customized separately managed accounts. For more information, please visit MidOcean’s website (www.midoceanpartners.com).

About Objective Capital Partners

Objective Capital Partners is a leading M&A investment banking firm whose Principals have collectively engaged in more than 500 successful transactions serving the transaction needs of growth stage and mid-size companies. The executive team has a unique combination of investment banking, private equity, and business ownership experience that enables Objective Capital Partners to provide large enterprise caliber investment banking services to companies.  The firm focuses on middle market M&A and capital raise activities for companies with enterprise values between $10-100 million, healthcare & life sciences and valuation advisory services. The firm’s industry expertise includes: software and hardware technology, life sciences, business services, IT services, healthcare services, biotech, consumer products and specialized manufacturing. Securities and investment banking services are offered through BA Securities, LLC Member FINRA, SIPC. The Principals of Objective Capital are Registered Representatives of BA Securities. Objective Capital Partners and BA Securities are separate and unaffiliated entities. Additional information on Objective Capital Partners is available at www.objectivecp.com.

Disclosure

The above testimonials may not be representative of the experience of other customers and is no guarantee of future performance or success.  This news release is for informational purposes only and does not constitute an offer, invitation or recommendation to buy, sell, subscribe for or issue any securities. While the information provided herein is believed to be accurate and reliable, Objective Capital Partners and BA Securities, LLC make no representations or warranties, expressed or implied, as to the accuracy or completeness of such information. All information contained herein is preliminary, limited and subject to completion, correction or amendment. It should not be construed as investment, legal, or tax advice and may not be reproduced or distributed to any person.

Objective Capital Partners Contact:

Mandy F. Woods

Business Office Manager

Objective Capital Partners

Tel: 858-208-3442

mandy.woods@objectivecp.com