Baker Tilly Capital successfully served as the exclusive financial advisor to Badger Armor, Inc. (d/b/a BigTen Armor), a division of Edge One, Inc. BigTen Armor was sold to Loomis Armored US, LLC, the US-based operating entity of Loomis AB (Loomis).
Stoughton, Wis.-based BigTen Armor is the largest locally owned independent armored carrier in the state of Wisconsin. Edge One, Inc. is in the business of offering entire solutions for ATMs and other financial equipment.
Loomis is one of the largest armored cash logistics companies in the world, serving 13 European countries and the US. Loomis has approximately 20,000 employees worldwide and it generated revenues of 11,989 MSEK (approximately $1.7B USD) in 2009.
"We do not believe we could find a better fit for our customers or our employees. Equally important, the divestiture will allow Edge One to do what it does best and that is be the premiere ATM outsourcing solution available anywhere. The synergies realized by the combination of the two organizations is amazing; and this will allow Edge One to expand the footprint of its ATM Manager program well beyond markets it is presently offered." – Michael Sasse, President, Edge One and Badger Armor