New Ownership for Safe-Maker Tidel

Littlejohn & Co. aims to boost provider of cash-management systems in a changing market

CARROLLTON, Texas -- Tidel, a provider of cash-management systems and robbery-deterrent products for convenience stores and other industries, has been acquired by private investment firm Littlejohn & Co. LLC, located in Greenwich, Conn.

Tidel’s smart-safe products are used to automate cash handling at c-stores, grocers, general retailers and other business. Littlejohn & Co. is a private equity firm investing in middle-market companies undergoing a change in capital structure, strategy, operations or growth.

Gibson, Dunn & Crutcher LLP, based in Los Angeles, provided legal counsel to Littlejohn & Co. for the acquisition.

Watch for more details on CSP Daily News.

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