Edessa Growth Partners has acquired Thillens, a leading independent armored service provider in the Midwest, as part of a strategic investment aimed at leveraging the company's established reputation and growth potential.

Information on the Target

Thillens, founded in 1932 in Chicago, has established itself as the largest independent armored service provider in the Midwest. The company specializes in delivering mission-critical cash logistics alongside exceptional customer service, making it a trusted brand with nearly a century of legacy and reputation. Thillens operates seven branches in Illinois and Wisconsin, with plans to expand by opening two additional locations in 2025. The company primarily serves clients within the financial services, gaming, and retail sectors and has significant growth potential in adjacent markets due to its differentiated business model.

Under the leadership of the new CEO, Resit Melik, Thillens aims to further enhance its operational capabilities and continue its commitment to clients and employees alike. Mr. Melik has expressed pride in acquiring a business that embodies dedication and talent, indicating a focus on long-term growth and sustainability.

Industry Overview in the Target’s Specific Country

The armored car services industry in the United States, particularly in the Midwest, is characterized by a growing demand for secure cash logistics solutions. This sector is driven by the need for increased security in cash handling amid