The Middle Market Growth Program (MMGP), a joint venture between Antares and LStar Capital, closed a senior secured unitranche credit facility to support the acquisition of Tidel by equity firm Littlejohn.

Founded in 1978 and headquartered in Carrollton, TX, Tidel is a supplier of smart safe solutions in the U.S. The company’s smart safe products are used to automate cash handling at organizations that accept cash, such as quick-service restaurants, convenience stores, grocers, money service businesses, healthcare providers and general retailers.

“We appreciate the expedient, reliable financing Antares and LStar provide through MMGP,” said Tony Miranda, managing director of Littlejohn.

“We were pleased to utilize our unitranche offering to meet Littlejohn’s needs,” said Dan Glickman, senior managing director of Antares Capital. “Tidel is a market leader, and we look forward to supporting Littlejohn and the Tidel management team as they pursue continued growth for the business.”

Littlejohn is a Greenwich, CT-based private equity firm.