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Littlejohn & Co. Announces Acquisition of Tidel
Littlejohn & Co., LLC, a private investment firm based in Greenwich, CT, announced today the acquisition of Tidel, a world leader in cash management systems.
Founded in 1978 and headquartered in Carrolton, TX, Tidel is the leading supplier of smart safe solutions in the United States. The Company’s smart safe products are used to automate cash handling at organizations that accept cash, such as quick-service restaurants, convenience stores, grocers, money service businesses, healthcare providers, and general retailers.
“Smart safes offer compelling economics for all participants in the cash management ecosystem, including retailers, armored carriers and financial institutions. As such, the industry is poised for rapid growth in adoption. Given its reputation for quality and innovation, Tidel is remarkably well positioned to benefit from the ongoing growth and development of this market,” said Tony Miranda, Managing Director of Littlejohn & Co.
Gary Landry, Chief Executive Officer of Tidel, added, “We look forward to partnering with Littlejohn to further strengthen our product and service offerings, while delivering best-in-class execution for our customers. Tidel has a tremendous opportunity to grow its market position by continuing to do what we do best: providing our customers the most innovative and reliable cash management solutions available.”
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