Summit Access & Security acquires Jersey City locksmith Monaco Lock

Summit Access & Security has bought Monaco Lock Company, a 55-plus-year family-run locksmith business in Jersey City, expanding Summit’s reach in Northern New Jersey and giving Monaco customers access to a wider set of security and facility services. The deal is Summit’s second this quarter and adds local technicians, showroom operations and long-standing client relationships to Summit’s growing portfolio.

Why it matters: - The acquisition deepens Summit Access & Security’s footprint in Northern New Jersey and the New York metro area. - Monaco customers now gain access to Summit’s broader security and facility services, including access control, automatic doors, safes, vaults and storefront glass work. - The deal extends Summit’s coverage from Maine to Virginia. - The combined business pairs Monaco’s local locksmith reputation with Summit’s self-performed service model and 24/7 emergency response for corporate clients and property managers.

What happened: - Summit Access & Security, formerly IML Security, acquired Monaco Lock Company, Inc., a family-owned locksmith company based in Jersey City, New Jersey. - The announcement came on October 14, 2026. - The acquisition is Summit’s second this quarter, following the company’s recent rebrand. - Monaco Lock Company was founded in 1967 and has served residential, commercial and institutional customers throughout New Jersey.

The details: - Monaco provides lock installation and re-keying, master and high-security key systems, keyless and electronic entry, access control products, door hardware and safes. - Monaco’s Jersey City showroom supports wholesale distribution. - Monaco is licensed, bonded and insured. - Monaco technicians handle work from start to finish. - Monaco’s products and services are backed by factory and service warranties. - Karen and Pat Quagliana will remain with the company through a transition period. - Monaco’s technicians are joining Summit. - Over the next five months, the team will transition into Summit’s field-based service model and work remotely, supported by Summit’s technology and service standards. - Monaco customers will also be able to tap Summit’s access control, electrified hardware, AAADM-certified automatic door installation and service, safe and vault services, and storefront design, fabrication and glass services. - Summit Access & Security is headquartered in Farmingdale, New York. - Summit serves financial institutions, healthcare facilities, schools, supermarkets, retailers and industrial facilities. - Summit’s services include access control and master key systems, specialized entry systems, door repair and preventative maintenance, ADA entry compliance, storefront glass solutions, vaults and safes, drive-up banking equipment, cash handling systems and 24/7 emergency service. - Summit shared a LinkedIn announcement: the company’s social post

Between the lines: - Summit is using acquisitions to add local expertise while expanding its service footprint. - Keeping the Quagliana family and Monaco technicians in place suggests Summit wants continuity for longtime customers rather than a full operating reset. - Monaco’s mix of traditional locksmith work and modern access-control services fits Summit’s broader physical security platform.

What’s next: - The Monaco team will complete its transition into Summit’s operating model over the next five months. - Customers should see a broader menu of services without losing the local relationships tied to Monaco’s Jersey City base. - Summit will continue integrating Monaco into its regional service network as it grows across the Northeast and Mid-Atlantic.

The bottom line: - Summit bought a legacy locksmith business and turned it into a broader security play, without signaling a break from Monaco’s local identity.