Cennox Acquires Safe Manufacturer FireKing

Deal marks fifth purchase of a company in 12 months
convenience store security
Photograph: Shutterstock

ATLANTA — Cennox, a provider of ATMs and other services, has acquired FireKing Safety and Security, a U.S.-based financial safe and services business previously owned by Pfingsten Partners. The deal enables Cennox to enter the traditional and smart safe manufacturing business, and further expands its deployment and maintenance services across FireKing's more than 1,000 customers.

The companies did not disclose the terms of the transaction.

Founded in 2006, Cennox provides services to the financial services, commercial, retail and transportation industries. Following this transaction, the Cennox’s global operations will span 1,700 employees across the United States, United Kingdom and Europe. Since its founding, Cennox has scaled through 17 acquisitions. The FireKing transaction is the fifth completed acquisition in the past 12 months, a year which has seen Cennox nearly triple in size.

FireKing Safety and Security, which will be rebranded as Cennox effective Jan. 1, 2022, has deployed approximately 300,000 traditional and smart safes principally across the United States. FireKing's customers include retail operations such as gas stations, as well as financial institutions. The combined business will serve nearly 2,000 retail, financial services and other customers, and will manage more than 400,000 cash automation machines, safes, kiosks and EV charging stations globally.

“We are pleased to add FireKing to the Cennox family as we further expand our operations across the United States, execute on our strategic M&A pipeline and build on the Company's extensive service offerings for our clients,” said Clive Nation, founder and CEO of Cennox.

Cennox has headquarters in Atlanta and Camberley, U.K. Cennox is a portfolio company of York Capital Management's private equity group.

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