Brookside Equity Partners has acquired Tellermate, a manufacturer and distributor of cash counting equipment. Brookside led the buyout of the company alongside the existing management team to provide liquidity to its founding shareholders.
Tellermate is a manufacturer and distributor of electronic weight-based cash counting equipment. The company’s products are used in the retail, food service, grocery, and finance industries and process transactions valued in excess of $1 billion daily in over 20 currencies across 30 countries. Tellermate was founded in 1981 and is headquartered in Newport, Wales with sales offices in the United States, Germany, France, and Spain (www.tellermate.com).
Brookside Equity Partners makes control investments in middle-market companies with revenues of $15 million to $150 million, and from $3 million to $25 million of EBITDA. The firm also co-invests equity alongside other investment firms, family offices and financial sponsors. Brookside generally invests in manufacturing, business services, financial services and consumer businesses. Sectors of specific interest include plastics, food and food ingredients, environmental and industrial services, specialty manufacturing, valued-added distribution, specialty building products, financial services, and specialty chemicals. Brookside was founded in 1977 and has offices in Stamford and Boston (www.brooksideequity.com).
© 2014 PEPD • Private Equity’s Leading News Magazine • 8-26-14
