Skyview Capital announced today the sale of TRM Copy Centers and its subsidiary Solvport to Burroughs Payment Systems, a portfolio company of Marlin Equity Partners. TRM is a provider of self-service retail copy centers and Solvport is an ATM and Kiosk outsourced services provider.
TRM Copy Centers is a nationwide provider of self-service convenience photocopy services in the retail environment. The company operates more than 14,000 copy centers throughout the United States through grocery, convenience and drug store chains as well as thousands of independently owned businesses. TRM Copy Centers is based in Portland, OR (www.trmcopycenters.com).
Solvport provides outsourced, off-premise ATM & Kiosks services including technical support, field service, real-time monitoring, and project management to over 120,000 locations nationwide. Customers include participants in the ATM independent sales organization industry as well as companies serving the financial institutions market. The company is based in Portland, OR (www.solvport.com).
Burroughs Payment Systems is a provider of document and payment- processing image technology, cash-automation solutions and services to financial institutions and retailers. The company is based in Plymouth, MI (www.burroughs.com).
Skyview Capital is a private investment firm which specializes in the acquisition and management of “systems – critical” businesses in the areas of technology, telecommunications, business services, and niche manufacturing. The firm is located in Beverly Hills, CA (www.skyviewcapital.com).
“We are very pleased with the outcome of this transaction. As TRM was one of our earlier investments and with the execution of disciplined business strategies by a strong management team, it proved to be very successful. TRM and Burroughs present a highly complementary fit that will be of great benefit to both employees and customers alike. We wish the combined business further success in the future,” said Alex Soltani, Chairman and CEO of Skyview Capital.
Marlin Equity Partners invests in businesses across multiple industries that are in the process of undergoing varying degrees of operational, financial or market-driven change. The firm is based in is a Los Angeles, CA (www.marlinequity.com).
