NuSource acquires Superior Safe & Security
October 10th, 2016
EDEN PRAIRIE, Minn. (October 10, 2016) — NuSource Financial (“NuSource”), a portfolio company of Tonka Bay Equity Partners (“Tonka Bay”), is excited to announce the strategic acquisition of Superior Safe & Security (“Superior”), a Security Solutions provider for banks and credit unions in the state of Wisconsin. With a similar customer base in place, the acquisition creates great opportunity for NuSource, enabling them to provide new Security Solutions to existing customers in Wisconsin, along with the opportunity to sell ATM and Branch Transformation Solutions to current Superior customers.
In 2015, Tonka Bay partnered with founders, Jon Erpelding and Rod Beaver, to invest in NuSource and accelerate the growth of the company while adding new services for its customers.
“We are extremely excited about the acquisition of Superior Safe & Security,” said Jon Erpelding, President of NuSource Financial. “With NuSource’s continued effort to help Financial Institutions better protect and serve their customers, the addition of Superior Safe & Security is a strong fit. NuSource has a long history of providing ATM and Branch Transformation Solutions in Wisconsin, and the addition of Superior’s security solutions is an exciting opportunity for our team and our clients.”
About NuSource Financial
NuSource Financial is one of the fastest growing Transaction Solutions companies in the United States, supplying ATM, Branch Transformation, and Security Solutions to over 700 Financial Institutions throughout 20 states. Through a combination of quality products, outstanding customer service, and a commitment to excellence, over 99% of NuSource Financial’s clients renew their business each year. For more information, visit www.nusourcefinancial.com.
About Tonka Bay Equity Partners
Based in Minnetonka, MN, Tonka Bay Equity Partners is a private equity firm that acquires and invests in lower middle market businesses in the highly-engineered manufacturing, business services and value-added distribution sectors. For more information, call (952) 345-2035 or visit www.tonkabayequity.com.