- TM Capital served as exclusive financial advisor to FireKing Security Products (“FireKing”), a portfolio company of Pfingsten Partners, in connection with its sale to Cennox, a portfolio company of York Capital Management
- FireKing is a leading provider of asset protection and cash cycle management equipment and recurring aftermarket maintenance and repair services to retailers, cash-in-transit companies and financial institutions
- Founded in 1989, Pfingsten Partners is an operationally-focused private equity firm headquartered in Chicago, IL
- Cennox is an integrated facility services provider offering a comprehensive suite of automation, self-service, security and customer experience solutions to its global customer base
- The acquisition of FireKing enables Cennox to enter the traditional and smart safe category and broadens its service offering in the United States – TM Capital represented Cennox in its majority recapitalization with York Capital Management earlier in 2021
- York Capital Management is a New York-based investment firm which primarily targets control investments in middle-market companies
- This transaction reflects and extends TM Capital’s deep expertise in outsourced facility services and asset protection and cash cycle management
Client Testimonial
We selected TM Capital to sell FireKing Security Products due to their knowledge and track record in facility services and cash cycle equipment. During the engagement, the TM team was relentless in pursuit of our objectives, which drove a successful outcome. We recommend TM Capital as an advisor to any company seeking a combination of domain expertise and unwavering commitment to client objectives."– Thomas S. Bagley, Founder and Senior Managing Director, Pfingsten Partners
