M&A Deal Summary

Cardtronics Acquires DirectCash Payments

On January 6, 2017, Cardtronics acquired financial services company DirectCash Payments for 464M USD

Acquisition Highlights
  • This is Cardtronics’ 5th transaction in the Financial Services sector.
  • This is Cardtronics’ largest (disclosed) transaction.
  • This is Cardtronics’ 3rd transaction in Canada.
  • This is Cardtronics’ 2nd transaction in Alberta.

M&A Deal Summary
Date 2017-01-06
Target DirectCash Payments
Sector Financial Services
Buyer(s) Cardtronics
Deal Type Add-on Acquisition
Deal Value 464M USD
Advisor(s) BMO Capital Markets (Financial)
Bennett Jones LLP (Legal)

Target

DirectCash Payments

Calgary, Alberta, Canada
website
DirectCash Payments, Inc. is a ATM services provider with primary operations in Australia, Canada and the United Kingdom.

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Buyer(S) 1

Buyer

Cardtronics

Houston, Texas, United States

website

Category Company
Founded 1989
Sector Financial Services
Employees1,987
Revenue 1.3B USD (2019)
DESCRIPTION
Entrance to Cardtronics' corporate headquarters in Houston, Texas.
Entrance to Cardtronics' corporate headquarters in Houston, Texas.

Cardtronics is a provider of integrated Automated Teller Machine and financial kiosk products and services. Cardtronics was formed in 1989 and is based in Houston, Texas.

DEAL STATS #
Overall 18 of 19
Sector (Financial Services) 5 of 5
Type (Add-on Acquisition) 17 of 18
State (Alberta) 2 of 2
Country (Canada) 3 of 3
Year (2017) 1 of 2
Size (of disclosed) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-01 Columbus Data Services

Dallas, Texas, United States

Columbus Data Services LLC is a ATM and issuer processor, providing ATM ISOs, financial institutions, and merchants with ATM driving and management services, network gateway access and debit card management services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-31 Spark ATM Systems Proprietary

Cape Town, South Africa

Spark ATM Systems Proprietary Ltd. is an independent ATM deployer in South Africa, installing and operating industry-leading ATM equipment to service the South African bank and retail ATM market.

Buy -
Mergr

Product

Company

Legal