Shields Business Solutions and Egis Capital Partners Announce Partnership

Shields’ commitment to providing best-in-class banking and cash logistics solutions for the financial community supported with relationship

MOORESTOWN, N.J., Nov. 21, 2022 /PRNewswire/ — Shields Business Solutions (“Shields”), a provider of ATM service, cash-in-transit and cash logistics solutions for the financial community, and Egis Capital Partners, a private equity firm focused on the Safety, Security and Protection industry, announced today a new strategic partnership. The agreement brings together Shields’ extensive team of specialized bank products and cash services professionals with the strategic investment and financial backing of Egis Capital Partners. The partnership strengthens the position of Shields in contributing to driving the digital transformation and operational efficiency of the financial community forward and creating greater value for Shields’ customers.

With over 50 years of experience, Shields has been a market leader in comprehensive ATM and advanced cash solutions, building its record of service quality and deep industry expertise since 1970. Shields works with top manufacturers and partners to deploy solutions that range from basic implementations to advanced, core-connected interactive technology projects for best-in-class service and increased uptime for their customers.

“We are thrilled to have found the right partner in Egis Capital. Leveraging Egis’ industry experience will assist us as we continue to expand our business within our existing footprint and look to broaden our service offerings as we enter new geographies,” said Mark McGrath, President of Shields.

Robert Chefitz, founder and managing partner of Egis Capital Partners added, “Shields’ customer-first approach and its complete offering of cash logistics solutions that connects bank branches to retail sites, place them in a unique position to play an important role in the delivery of cash-based banking solutions in this digital environment. We are excited to support the team led by industry veterans Mark McGrath, President and Tom Raftery, Chief Operating Officer, to accelerate growth and expand Shields’ footprint.”

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PSA ADAPT State of Industry Panel Joined By Bill Polk of Egis Capital Partners

The virtual session featured PSA CEO Bill Bozeman and President Ric McCullough, joined by NSCA’s Chuck Wilson and Bill Polk of EGIS Capital Partners.

ADAPT 2020, a managerial conference for PSA owner and member company employees, was hosted virtually Oct. 6-8 following cancellation of the in-person event, which was originally scheduled to be held in Hilton Head Island, S.C.

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Egis Capital Announces Final Close of Fund III

SUMMIT, N.J.Sept. 16, 2020 /PRNewswire/ — Egis Capital Partners is pleased to announce the successful closing of its third fund.  The Firm’s investment strategy is to make acquisitions and growth equity investments in the security and protection industry.  Egis was founded in 2008 and is uniquely focused on companies that protect people, assets and data.

With Fund III, Egis has expanded its investor base which includes industry executives that are leaders in the security and protection industry.  Founder and Managing Partner Robert Chefitz stated, “Current events have demonstrated the enduring demand for solutions that can mitigate risk in whatever form it takes”.   Fund III closed early this year and currently has three investments.  Fund III has more than tripled in size from Fund II and doubled its team.  Egis is focused on middle market late stage growth equity investments and buyouts of technology-enabled product and services businesses.

The Firm plans to continue executing on its strategy of investing in technology driven companies with enterprise values ranging between $30 million and $200 million that require a total equity investment between $10 million and $80 million.  Egis has made investments in categories including access control, public safety, smart home, IoT building solutions, global risk management, safe city, identity solutions, and remote video monitoring.  For additional information visit http://www.egiscapitalpartners.com/

SecurityInfoWatch Interviews Egis Capital Robert Chefitz

 

SecurityInfoWatch.com interviewed Robert Chefitz, Managing Partner at Egis Capital, to get his thoughts on what security industry technologies and services are trending up and what characteristics his firm looks for when it comes to investing in companies in the market.

Details Here >>