Cardtronics Adds New Regional Hub With Acquisition
HOUSTON – Cardtronics Inc. increased its ATM count in the United States to approximately 66,400 units by purchasing the ATM business assets of Automated Financial LLC. The transaction, which was signed and closed Feb. 6, includes 2,100 merchant ATM contracts. Terms of the deal were not disclosed.
The acquisition of Chandler, Ariz.-based Automated Financial helps Cardtronics establish a sales and service office in Arizona that will serve as its newest regional hub. It also delivers growth to Cardtronics' independent merchant ATM business and adds diversification to its global ATM portfolio, the company said.
Other Cardtronics acquisitions in recent years have added regional hubs in New Jersey, Minnesota, Oregon and California.
All Automated Financial ATMs will be converted to the Cardtronics brand.