Federal Armored Truck

What Federal Armored Truck does

Federal Armored Truck, operating as Hibb Co. LLC, is a Michigan-based armored cash logistics company founded in 1996 in Flint. It provides Cash-in-Transit (CIT), Smart Safe Systems, ATM Management, Cash Processing & Vaulting, and Cash Management Consultation services to financial institutions, casinos, cannabis dispensaries, commercial and retail businesses, QSR operators, healthcare systems, government entities, and other cash-intensive verticals across the state. The company operates three vaulted terminals in Flint, Grand Rapids, and Traverse City with a fleet of 50+ GPS-tracked armored vehicles and holds Federal Reserve carrier status enabling direct daily transfers to the Fed.

The company's technology stack includes electronic vault security with multi-layer lock systems and tamper detection, real-time operational monitoring with centralized dispatch, digital chain-of-custody documentation built for BSA/AML compliance, and cloud-based smart safe integrations via the WebSafe platform. Federal Armored is an authorized distributor of three major smart safe brands (Armor Safe Technologies, CCi, and Kisan) and maintains factory-trained crews across NCR, Diebold, and Hyosung ATM platforms. AI-driven cash forecasting tools are deployed in vaulting operations, and all shipments are insured through Lloyd's of London.

Federal Armored generates revenue through subscription-based recurring service contracts (monthly billing for CIT, ATM management, and smart safe monitoring), hardware sales with financing options (smart safe equipment), managed services (cash processing, vaulting, Federal Reserve transfers), and professional services (cash management consultation). Pricing is quote-based and tailored by industry, with add-on services such as Same-Day Bank Delivery and Bulk Coin processing. The go-to-market is sales-led with industry-specific landing pages, an online estimate tool, and direct phone access to decision-makers; no franchise or reseller model is used. The company is privately held, Michigan-owned, and reports no public funding, parent company, or M&A activity.

Name

Federal Armored Truck

Legal name

Hibb Co. LLC

Website

https://federalarmored.com

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Cash Logistics & Secure Transport Services

NAICS

Armored Car Services (561613)

SIC

Services-Detective, Guard & Armored Car Services (7381)

akta.pro primary industry

Cash-in-Transit (CIT) & Valuables Logistics Security (IMAIAEAL)

akta.pro secondary industry

Secure Transportation & Protective Driving (Armored / Convoy) (BPAKABAH)

Keywords

• Cash-in-transit services
• Armored transport logistics
• Smart safe solutions
• ATM management services
• Secure cash vaulting

Headquarters

HQ city

Flint

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Cash-in-Transit (CIT) Services: Recurring pickup and delivery service for cash and valuables. Pricing based on frequency (1x/week through 5x/week), number of stops, and shipment value. On-call/per-trip service available at 10% premium.
2. Smart Safe Systems: Equipment deployment, financing, and monitoring services. Authorized distributor of Armor Safe, CCi, and Kisan smart safe brands. Flexible financing options available. Cloud-based reporting and provisional credit integrations.
3. ATM Management Services: Full-service ATM replenishment, balancing, maintenance coordination, emergency dispatch, and Safe Tech Coverage. Factory-trained servicing across NCR, Diebold, and Hyosung platforms.
4. Cash Processing & Vaulting: Deposit verification, cash and coin processing, change order fulfillment, and secure off-site vaulting. Multiple vault locations providing statewide coverage with Federal Reserve daily transfer connectivity.
5. Cash Management Consultation: Expert assessment of cash handling operations with cost comparison and implementation recommendations. No-obligation, 20-minute initial assessment.
6. Add-On Services: Same-Day Bank Delivery ($15/month), Bulk Coin processing over 250 lbs (+$50/month flat).

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Federal Armored Truck provides secure cash logistics services to Michigan businesses and financial institutions, including armored Cash-in-Transit (CIT), Smart Safe deployment and integration, ATM/ITM management, and off-site cash processing and vaulting. Services are delivered via a 50+ vehicle fleet with GPS tracking, three regional terminals (Flint, Grand Rapids, Traverse City), and direct Federal Reserve transfer access. The company serves casinos, credit unions, cannabis dispensaries, retail, and other cash-intensive verticals with BSA/AML-compliant chain-of-custody documentation.

Product overview

Federal Armored Truck is a Michigan-based armored cash logistics company offering a comprehensive suite of secure cash management services. The core offering consists of Cash in Transit (CIT), Smart Safe Systems, ATM Management, and Cash Processing & Vaulting services, all supported by proprietary technology integrations with WebSafe cloud platform and multiple smart safe manufacturers (Armor Safe Technologies, CCi, Kisan). Additional add-on modules include Cash Management Consultation, Safe Tech Coverage, Federal Reserve Direct Transfer, and Virtual Branch Network services for financial institution partners. The company deploys AI-driven cash forecasting tools within its vaulting operations and operates across three Michigan terminals (Flint, Grand Rapids, Traverse City) with 50+ armored vehicles.

Differentiator

Problem solved

Functional benefit

Products and services

• Cash in Transit (CIT) Secure armored transportation of currency and valuables between business locations, financial institutions, and vault facilities. Includes daily, weekly, or custom pickup/delivery schedules with GPS-tracked vehicles, real-time tracking, and Lloyd's of London insurance coverage. Federal Reserve direct transfers from multiple vault locations statewide.
• Smart Safe Systems Automated cash validation, counting, and logging at point of sale with real-time visibility and provisional daily credit. Federal Armored is an authorized distributor of Armor Safe Technologies, CCi, and Kisan smart safe brands, integrated with WebSafe cloud platform. Reduces cash processing costs by up to 75% and back-office labor by 72%.
• ATM Management End-to-end ATM and ITM service including cash replenishment, balancing, maintenance coordination, emergency dispatch, and Safe Tech Coverage for armed escort of after-hours technicians. Covers NCR, Diebold, and Hyosung platforms with factory-trained crews.
• Cash Processing & Vaulting Off-site vault and cash processing center handling deposit verification, cash and coin counting, change order fulfillment, secure storage, and automated deposit-posting. Multiple vault locations with Federal Reserve daily transfer connectivity and AI-driven cash forecasting tools.
• Cash Management Consultation Expert assessment of cash handling operations identifying exposure, reducing cost, and optimizing cash cycles. Includes no-obligation 20-minute initial assessment, side-by-side cost comparison with existing carrier, and tailored proposal with phased implementation recommendations.

Quantifiable outcome

• 97.57% client retention rate
• +4 more outcomes

Named customers5 records

Segments13 records

Ideal customer profiles7 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

AI capability2 records

Feature7 records

Partnerships

Twelve partnerships are on record, tiered core.

• Armor Safe TechnologiescoreTechnology or IntegrationAuthorized distributor of Armor Safe Technologies smart safe systems. One of the largest and most widely deployed smart safe brands. Federal Armored deploys, services, and integrates these systems for clients across Michigan.
• CCi (CounterCache intelligent)coreTechnology or IntegrationAuthorized distributor of CCi (CounterCache intelligent) - the smallest intelligent depository on the market. Integrated with WebSafe cloud platform for one-touch cash handling and real-time remote cash visibility.
• Kisan Smart Safe SystemscoreTechnology or IntegrationAuthorized distributor of Kisan Smart Safe systems. Part of multi-brand smart safe offering with WebSafe cloud platform integration.
• WebSafe Cloud PlatformcoreTechnology or IntegrationCloud platform integration for smart safe systems. Provides one-touch cash handling, real-time remote cash visibility, auto-generated reconciliation reports, and banking integrations for provisional credit.
• NCRcoreTechnology or IntegrationATM manufacturer. Federal Armored crews are factory-trained on NCR platform specific procedures for replenishment, balancing, settlement, and maintenance coordination.
• DieboldcoreTechnology or IntegrationATM manufacturer. Federal Armored crews are factory-trained on Diebold platform specific procedures for ATM/ITM service across all machine types.
• HyosungcoreTechnology or IntegrationATM manufacturer. Federal Armored crews are factory-trained on Hyosung platform specific procedures for ATM/ITM servicing.
• Federal ReservecoreStrategic or Co-development PartnerFederal Reserve carrier status allows direct daily transfers from all Michigan terminals. Pre-vetted armored infrastructure for compliance. Federal Reserve audits handled seamlessly - documentation built around Fed requirements.
• Lloyd's of LondoncoreOthersAll shipments insured through Lloyd's of London - the world's premier specialty insurance market. Complete cargo coverage with documented limits available on request.
• Michigan State PolicecoreOthersAll crew members screened by Michigan State Police. Background checks, drug screening, and ongoing training standard across the entire fleet. Armed professionals vetted for high-value asset transport.
• Michigan Credit Unions and Community Banks (MRB-friendly)coreChannel Partner/ Reseller/ DistributorMRB-friendly banking partners for cannabis operator cash routing. Federal Armored provides direct armed transport to these institutions with documentation suitable for FinCEN SAR filing. Can introduce cannabis operators to banking partners.
• METRC (Marijuana Enforcement Tracking Reporting Compliance)coreTechnology or IntegrationSettlement documentation built for METRC reconciliation. Integration with Michigan cannabis regulatory tracking system for compliant cash flow documentation.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Loomis: Major U.S. and international cash handling, CIT, and vault services provider. Competes with Federal Armored in core cash-in-transit and ATM services across overlapping customer verticals.
• Brink's: Global leader in cash logistics, secure transportation, and ATM services. Direct competitor in CIT, ATM management, and vaulting but at national/global scale versus Federal Armored's Michigan-only footprint.
• GardaWorld (GardaCash): International security and cash services company with significant North American cash logistics operations. Competes in CIT, ATM, and vault services for financial institutions and retailers.

Direct peers

• Dunbar Armored: U.S. regional armored car and cash logistics provider serving financial institutions and commercial customers. Closely comparable in business model and service mix to Federal Armored, though operating across a wider geographic footprint.
• Rochester Armored Car: Independent U.S. armored car carrier offering CIT, ATM, and vault services. Comparable independent-operator profile to Federal Armored with similar mid-market customer focus.

Others

• FireKing Security Group: Manufacturer of safes, smart safes, and cash-handling equipment with adjacent service offerings. Comparable through smart safe product overlap with Federal Armored's Armor Safe/CCi/Kisan distribution business.
• NCR Atleos (ATM manufacturer): Leading ATM manufacturer whose platforms Federal Armored services. Ecosystem partner relationship rather than direct competitor, but comparable in the broader ATM lifecycle and cash management stack.

Emerging players

• Cash Connect (smart safe provider): Smart safe and cash logistics automation provider serving retail and financial institution customers. Comparable through smart safe distribution and managed services overlap with Federal Armored.
• Empyrean Cash Solutions: Provider of integrated cash management solutions including smart safe technology, CIT, and vaulting. Overlaps with Federal Armored's smart safe distribution and cash processing offerings.

Regional players

• National Armored Car: Regional armored car carrier providing CIT and related cash logistics services in select U.S. markets. Comparable mid-scale competitor with similar service portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/federal-armored-truck

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Federal Armored Truck