Goodwin Procter advised York Private Equity and Lennox on the deal.
York Capital Management’s private equity group (York Private Equity) and Cennox announced 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 (Picture), Katherine Baudistel, Gady Levy Boneh, and Laila Hosseini (Corporate), and included Todd Pollock and Nicole Spiteri (Tax); Tim Holahan and Yoojin DeNiro (Employment); Bruce Rader, Jennifer Necas, Karim Popatia, 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).
Involved fees earner: Steven Argentieri – Goodwin Procter; Katherine Baudistel – Goodwin Procter; Koray Bulut – Goodwin Procter; Yoojin DeNiro – Goodwin Procter; Michele Eason-Priest – Goodwin Procter; Timothy Holahan – Goodwin Procter; John Joy – Goodwin Procter; Jacqueline Klosek – Goodwin Procter; Gady Levy Boneh – Goodwin Procter; Jennifer Necas – Goodwin Procter; Todd Pollock – Goodwin Procter; Karim Popatia – Goodwin Procter; Bruce Rader – Goodwin Procter; Nico Ramos – Goodwin Procter; Joshua Ratner – Goodwin Procter; Danielle Reyes – Goodwin Procter; Nicole Spiteri – Goodwin Procter;
Law Firms: Goodwin Procter;