Cennox, a global provider of integrated facilities-based services and solutions to a wide range of end-markets, announced it has received a strategic growth investment from York Capital Management’s private equity group (“York Private Equity”). Terms of the transaction were not disclosed.
“We are thrilled to have the support of York Capital, as we continue to expand our business globally,” said Clive Nation, Founder and CEO of Cennox. “York’s industry knowledge, network and expertise will be highly valuable as we strategically expand our solutions and service offerings.”
“Cennox is poised for rapid growth in its markets under the continued leadership of Clive, Roy Dodd and Nick Cockett,” said Harish Nataraj, Managing Director at York Capital. “We are excited to partner with the founders of Cennox. Together, we are focused on driving value for customers, entering new markets, and executing on our M&A strategy.”
Cennox also recently acquired Bancsource, a leading nationwide equipment distributor and maintenance service provider to more than 700 U.S. banks and retailers. The acquisition of Bancsource expands Cennox’s operations across the U.S., broadens its capabilities, provides an entrance into the smart safe market, and further builds on its extensive field service programs for customers.
Read more/Source: Business Wire
Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.