January 16, 2018 – Business Wire
FOR IMMEDIATE RELEASE
Tremont Capital Group Facilitates Sale of ATM Systems Corporation
MONTGOMERY VILLAGE, MD– January 16, 2018 – ATM Systems Corporation, one of the largest owners and providers of ATM services to the United States hotel industry, today announced the sale of its business to multiple undisclosed buyers. Boston, MA-based Tremont Capital Group, Inc., a firm specializing in strategic planning and merger & acquisition advisory services to the ATM industry, advised and represented the seller in the transactions and facilitated the deals.
“After 21 successful years in business, it was important to us that our customers continue to get great service, and we aimed to do so through a combination of deals that also maximized the value of our company,” said Gil Lovett, President and CEO of ATM Systems Corporation. “Tremont Capital Group helped us accomplish every aspect of the complex sale process, and we are thrilled with the outcome.”
“This transaction was a great fit and outcome for all involved,” said Sam M. Ditzion, CEO of Tremont Capital Group, which advised the seller on the deal. “In 2018, industry watchers will see a large number of these types of transactions as ATM operator consolidation continues.”
Financial terms of the transactions and other details were not disclosed.
About Tremont Capital Group
Tremont Capital Group is the leading provider of business strategy consulting and merger & acquisition advisory services to the ATM ISO industry. To learn more about the services provided by Tremont Capital Group, please visit www.tremontcapitalgroup.com or call 617-482-8866.