The Private Equity team advised York Capital Management’s private equity group (York Private Equity) and Cennox on their acquisition of Mick’s Vault Works.
Cennox, a portfolio company of York Private Equity, provides integrated services and solutions to the financial services, commercial, retail, and transportation industries. Cennox was the third platform investment completed by York Capital’s middle-market private equity fund, York Special Opportunities Fund III, an $800 million dedicated fund raised in April 2020.
York Private Equity seeks to partner with founders and entrepreneurs to help facilitate and support organic and inorganic growth in industries such as financial and business services, healthcare services, consumer/retail, and industrials.
Mick's Vault Works provides customers with the supply, installation, and maintenance of ATMs, safes, ITMs, vault works, and security products.
The deal sees Cennox expanding their operations across the Southwest of the United States and their growing diverse client base. The expanded business will serve financial institutions and non-financial institutions, across the U.S., and will manage over 400,000 cash automation machines, ITMs, BTMs, smart safes, kiosks, and EV charging stations globally.
The Goodwin team was led by Joshua Ratner, Katherine Baudistel, Gady Levy Boneh, and included Todd Pollock and Nicole Spiteri (Tax); Tim Holahan and Yoojin DeNiro (Employment); Bruce Rader, Jennifer Necas, and Hannah Shepherd (Debt Finance); Danielle Reyes and Nico Ramos (Regulatory); Steven Argentieri (IP); and Jacqueline Klosek (Data, Privacy & Cybersecurity); with invaluable assistance from Koray Bulut (Employment), and John Joy, Nick Miede, and Michele Eason-Priest (Corporate).
For more details, read the press release.