A historic Chicago-based armored car company has been sold to an investment firm, in a deal that will expand the company’s reach.

Thillens was acquired by New York-based Edessa Growth Partners, according to an announcement Tuesday by Peakstone, an investment bank representing Thillens in the deal. The company declined to disclose terms of the transaction.

Edessa founder Resit Melik will become Thillens’ CEO.

“This marks the culmination of a journey that started nearly two years ago, driven by a childhood dream to build and lead a business,” Melik said in a news release. “After screening thousands of opportunities and evaluating hundreds, I couldn’t be prouder to acquire a company with the legacy, reputation, and grit of Thillens.”

Edessa plans to expand Thillens’ Wisconsin presence wit

See Full Page