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New Deal


Announced

Completed

York Capital-backed Cennox completed the acquisition of Bancsource from CapitalWorks.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

cash automation equipment

Electronic Components and Equipment

United States

Acquisition

Friendly

Domestic

Private

Single Bidder

Majority

Completed

Synopsis

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York Capital-backed Cennox, a provider of integrated services and solutions to the financial, retail, and transportation industries, completed the acquisition of Bancsource, a national independent service provider for cash automation equipment, from CapitalWorks, a Cleveland private equity firm. Financial terms were not disclosed. "Bancsource has built a solid foundation upon which to leverage its service capabilities to grow its national footprint. They offer Cennox a very complementary network of field technicians and service offerings," Dick Hollington, CapitalWorks Managing Director and CEO.

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