Cennox acquires Ohio-based ATM and Safe solutions provider National Safe & Security Systems, Inc. to expand their bank equipment and supporting services offering in the US
ATLANTA, GA, September 13, 2021 - To support their strategic growth strategy in the US, Cennox has announced their second acquisition in eight weeks with the acquisition of Ohio-based National Safe & Security System. The bank equipment business has been serving financial institutions across Ohio, Indiana, Kentucky, and West Virginia since 1972. The deal further builds on Cennox’s expertise, capabilities, and resources in the US.
Our second acquisition in two months signals our commitment to build the very best portfolio of solutions, talent and facilities to service and support our customers across the US. In addition, it demonstrates our desire to execute our M&A strategy with real energy and intent to become the leading go-to nationwide solutions provider in the US.
Clive Nation, CEO of the Cennox Group
The deal was supported by York Capital Management.
We welcome National Safe & Security System to the Cennox platform, and we are excited to grow the business with the founder. We look forward to supporting Clive and Cennox on future acquisitions to build on our global footprint and capabilities.
Rodman NGO, Principal at York Capital Management
Cennox, founded in 2006, provides integrated services and solutions to the financial, retail, commercial and transportation industries. Cennox operates extensively throughout the USA, UK and mainland Europe, supporting its blue-chip customer base through a highly skilled employee base. Following this acquisition, the sixteenth acquisition since Cennox’s founding, the company will have close to 1,500 employees worldwide. Cennox recently announced their acquisition of Missouri-based, Bancsource.
National Safe & Security Systems provides a wide range of branch services 24/7, from safe and vault systems, drive up/walk up ATMs and teller counter equipment.
Cennox is a solutions provider headquartered in Atlanta GA. Cennox is heavily focused on field maintenance, branding and facilities management operations. Since its inception in 2006, the Cennox business has evolved to meet the unique demands of the dynamic and maturing customer technology interfacing market. More information about the products and services it offers can be found at the company website: www.cennox.com.