Burroughs has acquired Absolute ATM Services, a provider of ATM equipment and services and a portfolio company of Marlin Equity Partners.
“We are excited to bring Absolute ATM Services into our Customer Services organization extending the benefits we offer our customers,” states Alan Howard, President and CEO of Burroughs. “The acquisition of Absolute ATM Services further expands our maintenance services footprint and demonstrates our continued commitment to maintaining our position as a maintenance services market leader.”
Burroughs is 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).
Absolute ATM Services is a provider of a range of ATM equipment and services for financial institutions. The company is based in Houston, TX (www.absoluteatm.com).
“Joining forces with a company of Burroughs expertise and extensive portfolio of customer-services solutions solidifies our strategic vision. Our goal has always been to provide an unmatched level of personal service and attention to detail in the ATM industry,” said Troy LeBlanc, President of Absolute ATM Services.
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 Los Angeles, CA (www.marlinequity.com).
© 2012 PEPD • Private Equity’s Leading News Magazine • 9-5-12
