Glory Global Solutions

Cherry Tree Advises Glory Global Solutions on its Acquisition of Revolution Retail Systems

“Cherry Tree served as a trusted advisor for our transaction process from start to finish – identifying acquisition candidates, engaging in discussions, negotiating terms of the deal, and completing due diligence. It was an excellent partnership that culminated in a successful transaction that will help GLORY continue towards a bright future.”

—Chris Reagan, President Glory Global Solutions, Americas and Senior Executive Officer GLORY LTD

Technology, Business Services, Manufacturing
Cash Management Technology Solutions to the Retail Marketplace
Lisle, IL and Carrollton, TX

Strategic Advisor to Acquirer


Glory Global Solutions, Inc. is a global leader in cash technology solutions. In December 2021, Glory acquired Revolution Retail Systems LLC. Revolution provides technology-enabled cash management solutions that helps retailers secure, automate, and streamline their cash handling workflows and processes. Together, Glory and Revolution bring a combined portfolio of cash automation products to serve the retail market sector — the largest and most diverse set of solutions available in the industry.

Chris T Reagan, President Glory Global Solutions Inc, Americas and Senior Executive Officer GLORY LTD. said “I’m thrilled to welcome Revolution as a Glory company and to collaborate with the entire team. Both Glory and Revolution have been leading the transformation in cash automation and together with our combined strength, we will continue supporting all sectors of retail as it continues to evolve.”

Mark Levenick, President & CEO, Revolution Retail Systems LLC adds, “Heading into 2022 as a Glory company presents an opportunity to provide the retail industry with greater innovation and solutions. Our teams will benefit from the combined knowledge and collaboration between legacy Revolution and Glory.”


Cherry Tree’s Role

Cherry Tree served as buy-side M&A advisor to Glory, helping the company identify numerous acquisition targets in multiple adjacencies. After completing initial evaluations, Cherry Tree helped Glory engage with select targets to initiate acquisition discussions – one of these targets was Revolution. Cherry Tree assisted Glory on its deep evaluation of Revolution, including financial modeling, due diligence, and the negotiation of the purchase agreement.

About Glory Global Solutions:

As a global leader in cash technology solutions, GLORY provides the financial, retail, QSR, cash center and gaming industries with confidence that their cash is protected and always working to help build a stronger business. 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 a hundred years. For more information, please visit:

About Revolution Retail Systems, LLC

Revolution’s expertise spans 35 years in the retail and cash management industry. Revolution is the leader and innovator in the design of cash management solutions for the broad retail marketplace. This unique focus has led to deployment of equipment into hotels, universities, big box retail, grocery, casinos, airports, and truck stops nationally and internationally. The unique challenges in Revolution’s market segments are supported by 24/7 – 365 monitoring and support center and nationwide field service. For more information, please visit:

About Cherry Tree & Associates 

Cherry Tree & Associates is a private investment banking firm headquartered in Minneapolis, Minnesota. Founded in 1980, it specializes in M&A transactions for both buyers and sellers of middle market companies. Additionally, it conducts private placements for high quality, entrepreneurially managed growth companies, provides strategic advisory services for CEOs and boards of directors, and prepares fairness opinions and other valuation services. For more information, please visit:

Cherry Tree & Associates provides investment banking services through our FINRA-licensed broker dealer.