Bank / Credit Union

Shields Business Solution partners with Egis to deliver cash logistics, banking solutions

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November 23, 2022

Shields Business Solutions recently partnered with private equity firm Egis Capital Partners to deliver its products to banks with the financial backing of Egis, according to a press release.

Shields offers ATM service and cash replenishment services and has been in the industry since 1970.

"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," Robert Chefitz, founder and manager of Egis Capital Partners, said in the release. "We are excited to support the team led by industry veterans Mark McGrath, president and Tom Raftery, COO, to accelerate growth and expand Shields' footprint."