CARROLLTON, Texas -- Tidel, a leading provider of cash management systems and robbery deterrent products for the convenience-store and other industries, has announced that it has been acquired by an affiliate of Graham Partners, a private investment firm specializing in the advanced manufacturing and industrial technology sector.
With the backing of Graham Partners, Carrollton, Texas-based Tidel plans to accelerate growth by expanding its product portfolio, increasing share in its core customer base and entering new market segments, both in the United States and internationally.
"We are very excited to be joining the Graham Partners family," said Gary Landry, president and CEO of Tidel. "Graham Partners has a proven track record of helping companies invest in new technologies, expand operations and develop new markets. Their extensive operating resources and industrial expertise will have an immediate impact on our long-term vision and strategy. Tidel is well-positioned to strengthen our market leadership position and continue to provide a diverse portfolio of solutions that our customers and partners expect from us."
"Tidel is a clear leader in the rapidly growing cash management market, with an outstanding management team, broad product portfolio, deep technology expertise and a loyal customer base," said Rob Newbold, managing principal at Graham Partners. "We look forward to working with Tidel to offer customers the most innovative cash management solutions and to help achieve its strategy and growth objectives."
Based outside of Philadelphia, Graham Partners is a private investment firm focused on investing in businesses with proprietary technologies, advanced manufacturing expertise, innovative product development capabilities and strong growth potential. Since the firm's founding in 1988, Graham Partners has closed more than 60 acquisitions, joint ventures, financings and divestures.