October 8, 2021 – Blue River Financial Group has advised Ohio-based ATM and Safe solutions provider National Safe & Security Systems, Inc on its recent sale to Cennox.
National Safe & Security Systems has been serving Financial Institutions, Universities, Commercial Businesses, and Medical and Correctional Facilities across multiple states for almost half a century. With multiple locations throughout the United States, Cennox is an industry leader, delivering best-in-class integrated services and solutions. The group offers a robust portfolio of field services, new and refurbished parts for various hardware, security and alarm solutions, and site transformation from concept to execution. The acquisition further builds Cennox’s expertise and capabilities.
“It was a pleasure working with the shareholders at National Safe & Security to create an effective process to find the right partner for NSS and to bring this strategic acquisition to Cennox. The synergies for both organizations are very exciting, and we look forward to all the possibilities ahead for National Safe and Cennox.” said Dan Sundby, Managing Director at Blue River.
Thomas Bruck, President at National Safe & Security Systems said “Hiring Blue River to sell our company was a great investment for National Safe & Security. Blue River was able to source interested buyers that we would not have discovered on our own and they actually brought Cennox to the table, which was the perfect strategic fit and buyer for our company. Blue River guided us through the entire sale process from start to finish and Managing Director, Dan Sundby, was always very responsive to our phone calls and emails. When selling a business, having a professional M&A advisor is a must have and I highly recommend Blue River to be that company”.
Clive Nation, CEO of the Cennox Group said “Our second acquisition in two months signals our commitment to build the very best portfolio of solutions, talent, and facilities to service and support our customers across the US.”
About Blue River
Blue River Financial Group is a middle market merger and acquisition advisory firm headquartered in Bloomfield Hills, Michigan. It assists corporations, private equity groups and individuals in the sale and acquisition of businesses, and has completed assignments in multiple business segments. With over 19 years of experience spanning across 50 global industries, Blue River provides a suite of services to middle market clients including corporate development, private equity support, valuations and transaction consulting, placing a premium on relationship-centered transaction counsel and client focus.
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