Friday, March 3, 2017

Tidel Acquired By Private Equity Buyer

Carrollton, Texas-based Tidel, a developer of "smart" safes used for automating cash handling at quick server restaurants, convenience stores, grocery stores, and elsewhere, has been acquired by private equity investor Littlejohn & Co., LLC. Financial details of the acquisition were not announced. Tidel is led by CEO Gary Landry. Tidel said it would use the acquisition to help it strengthen its product and offerings.