M&A Deal Summary

Loomis Acquires Burroughs

On May 6, 2025, Loomis acquired financial services company Burroughs from Marlin Equity Partners for 72M USD

Acquisition Highlights
  • This is Loomis’ 3rd transaction in the Financial Services sector.
  • This is Loomis’ 2nd largest (disclosed) transaction.
  • This is Loomis’ 2nd transaction in the United States.
  • This is Loomis’ 1st transaction in Michigan.

M&A Deal Summary

Date 2025-05-06
Target Burroughs
Sector Financial Services
Buyer(s) Loomis
Sellers(s) Marlin Equity Partners
Deal Type Add-on Acquisition
Deal Value 72M USD

Target

Burroughs

Farmington Hills, Michigan, United States
Burroughs is a provider of cash automation and payment solutions, offering services such as maintenance, remote monitoring, and managed services for ATMs, teller cash recyclers, kiosks, and other self-service financial equipment. Burroughs was formed in 2010 and is based in Farmington Hills, Michigan.

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Buyer(S) 1

Buyer

Loomis

Stockholm, Sweden

Category Company
Founded 1852
Sector Financial Services
Employees21,000
DESCRIPTION

Loomis is a multinational company specializing in cash handling services, including cash-in-transit, cash management, ATM services, international valuables logistics, and payment solutions through its Loomis Pay platform. The Company traces its origins to 1852 and was established in its current form in 2008 following a spin-off from Securitas AB. Loomis is headquartered in Stockholm, Sweden.


DEAL STATS #
Overall 7 of 8
Sector: Financial Services M&A 3 of 3
Type: Add-on Acquisition M&A Deals 2 of 3
State: Michigan M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2025 M&A 1 of 2
Size (of disclosed) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-18 CIMA

Villanova, Italy

CIMA S.p.A. is an Italian commercial motor manufacturer. CIMA was founded in 1977 and is based in Villanova, Italy.

Buy €132M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-07-24 Kipfer-Logistik

Zeiningen, Switzerland

Kipfer-Logistik is a logistics company that specializes in temperature-controlled transport and storage in the pharmaceutical and healthcare sectors. Kipfer-Logistik was formed in 1983 and is headquartered in Zeiningen, Switzerland.

Buy -

Seller(S) 1

SELLER

Marlin Equity Partners

Hermosa Beach, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 8.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Marlin Equity's headquarters in Hermosa Beach, California.
Marlin Equity's headquarters in Hermosa Beach, California.

Marlin Equity Partners is a private investment firm focused on acquiring distressed businesses with sales of $10 million to $2 billion. Marlin has a special interest in non-core or underperforming divisions of larger corporations, as well as companies facing some sort of financial, operational or market-related transition. Marlin is a generalist investor and will consider opportunities in technology (software, IT, payment systems, hardware, communications, internet), healthcare, consumer (apparel, retail, consumer products, food/beverage), services (business, financial, consumer, education), manufacturing (automotive, industrial, metals, plastics), aerospace, defense, and media. Marlin prefers businesses with scalable business models, strong installed customer bases, defensible market positions, and barriers to entry. Marlin Equity Partners was formed in 2005 and is based in Hermosa Beach, California with an additional office in London.


DEAL STATS #
Overall 64 of 65
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 43 of 43
State: Michigan M&A 2 of 2
Country: United States M&A 47 of 48
Year: 2025 M&A 1 of 2
Size (of disclosed) 9 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-04-22 Didomi

Paris, France

Didomi is a privacy technology company that provides tools for managing user consent and preferences across digital platforms. Didomi is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-06-25 AVI-SPL

Tampa, Florida, United States

AVI-SPL provides AV and VC solutions and services, including design, engineering, procurement, integration, and installation of AV and VC systems for corporate office space, control centers, educational facilities, convention centers, and a variety of other end markets. AVI-SPL was founded in 1979 and is based in Tampa, Florida.

Sell -