Houlihan Lokey Advises Revolution Retail Systems
Houlihan Lokey is pleased to announce the successful sale of Revolution Retail Systems LLC (RRS) to Glory Global Solutions, Inc. (GLORY). The transaction closed on December 20, 2021.
RRS is a leading provider of technology-enabled cash management solutions that helps organizations secure, automate, and streamline their cash handling workflows and processes. Its portfolio of solutions, including a comprehensive range of cash recyclers and innovative cloud-based software portal, allows retailers to reduce in-store labor costs and gain tremendous operational efficiencies and actionable intelligence. The company further supports its customers and their unique challenges with its 24/7/365 monitoring and support center and nationwide field service technicians. RRS serves a large, diversified, and rapidly expanding customer base that includes hotels, universities, big box retailers, grocery stores, casinos, airports, convenience stores, and truck stops nationally and internationally.
GLORY, headquartered in Himeji, Japan, is a global leader in cash technology solutions for various sectors, including the financial, retail, QSR, cash center, and gaming industries. GLORY’s cash automation technologies and process engineering services help businesses in more than 100 countries optimize the handling, movement, and management of cash. Employing over 11,000 professionals worldwide with dedicated R&D and manufacturing facilities across the world, GLORY is built on a rich customer-focused, technology-driven heritage spanning almost 100 years.
Houlihan Lokey served as the exclusive sellside financial advisor to RRS and assisted in initiating, structuring, and negotiating the transaction on its behalf. In addition, Houlihan Lokey’s Transaction Advisory Services (TAS) practice assisted with seller preparedness and issued a Quality of Earnings report on the company. The TAS team served as a key component by supporting and advising the seller’s finance function throughout the transaction. This deal exemplifies the continued success of Houlihan Lokey’s dedicated coverage of the security and safety and industrial technology sectors.
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