Shields’ dedication to offering best-in-class banking and coins logistics ideas for the monetary group Supported with Courting
MOORESTOWN, N.J., Nov. 21, 2022 /PRNewswire/ — Shields Trade Answers (“Shields”), a supplier of ATM provider, cash-in-transit and coins logistics ideas for the monetary group, and Egis Capital Companions, a personal fairness company targeted at the Protection, Safety and Coverage business, introduced lately a brand new strategic partnership. The settlement brings in combination Shields’ in depth workforce of specialised financial institution merchandise and coins services and products pros with the strategic funding and fiscal backing of Egis Capital Companions. The partnership strengthens the location of Shields in contributing to forcing the virtual transformation and operational potency of the monetary group ahead and growing higher price for Shields’ consumers.
With over 50 years of enjoy, Shields has been a marketplace chief in complete ATM and complex coins ideas, construction its document of provider high quality and deep business experience since 1970. Shields works with most sensible producers and companions to deploy ideas that vary from elementary implementations to complex, core-connected interactive expertise initiatives for best-in-class provider and higher uptime for his or her consumers.
“We’re overjoyed to have discovered the correct spouse in Egis Capital. Leveraging Egis’ business enjoy will help us as we proceed to enlarge our enterprise inside our present footprint and glance to expand our provider choices as we input new geographies,” stated Mark McGrath, President of Shields.
Robert Chefitz, founder and managing spouse of Egis Capital Companions added, “Shields’ customer-first method and its entire providing of money logistics ideas that connects financial institution branches to retail websites, position them in a novel place to play a very powerful function within the supply of cash-based banking ideas on this virtual setting. We’re excited to enhance the workforce led via business veterans Mark McGrath, President and Tom Raftery, Leader Running Officer, to boost up expansion and enlarge Shields’ footprint.”
Kroll Securities, LLC served as unique monetary consultant to Shields Trade Answers and its dealers on this transaction.
ABOUTShields Trade Answers
Based in 1970 and headquartered in Moorestown, NJ, Shields pioneered the only supply resolution via combining ATM provider and coins replenishment and proceed to construct off that legacy to turn out to be the Mid-Atlantic area’s main ATM/ITM/TCR/CASH gross sales and repair supplier to the Monetary Group.
ABOUT EGIS CAPITAL PARTNERS
Egis Capital Companions makes buyout and expansion investments in technology-driven companies within the Protection, Safety and Coverage business. Since 2008, Egis has made 16 platform investments within the area, resulting in lasting sure relationships with traders, administrators, and operators inside the business. Egis is concerned with partnering with firms that may take pleasure in Egis’ business wisdom, operational and fiscal experience, C-level relationships, and proactive possession type. Egis objectives firms in North The usa with undertaking values ranging between $30 million and $200 million that require a complete fairness funding between $10 million and $80 million. For additional info, consult with www.egiscapitalpartners.com.
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SOURCE Shields Trade Answers