Portfolio

Allegion plc (2013-2015)

Allegion plc (“Allegion”) is a global provider of electronic and mechanical security products and solutions across a range of brands including Kryptonite, Schlage and Steelcraft.

Allegion was created as the result of a tax-free spin-off from Ingersoll Rand, also a former Trian portfolio company, in December 2013 and became a standalone, publicly-traded company.

Trian believes that by separating into two public companies, Ingersoll Rand and Allegion have been able to better allocate capital and deploy resources. Ingersoll Rand and Allegion have enjoyed organic revenue growth at the top of their respective peer groups, increased operating margins, and have completed value-enhancing M&A.

Trian exited its position in Allegion in May 2015.

Sector: Industrial

Company Website: http://www.allegion.com/