General Secure Logistics Services

Date of CCI investment: 2014

Description: Cash management and cash logistics services

Website: www.gsls.ie

Investment Team:
Peter Garvey

Status: Realised

Founded in 2004, GSLS is a leading independent Irish company operating in the cash management solutions sector. The company provides cash in transit and money processing services to banks, retailers and the hospitality sector nationwide.

GSLS provides a business-critical service to customers and trades on its strong reputation and high levels of service.

In September 2014 CCI acquired a majority stake in GSLS. Under CCI’s ownership, GSLS generated exceptional revenue and earnings growth through a combination of enhanced investment and expansion of its customer base and service offering.

In March 2018, CCI sold its investment in GSLS to STAR Capital, a UK private equity firm.

Value Creation Case Study

Results

+70%

Revenue

+40%

EBITDA

+75%

Employees

+140%

Cumulative Capital Expenditure

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