M&A Deal Summary

PAI Acquires Eclipse Cash Systems

On August 26, 2019, PAI acquired technology hardware company Eclipse Cash Systems from Hunter Trust

Acquisition Highlights
  • This is PAI’s 1st transaction in the Technology Hardware sector.
  • This is PAI’s 12th transaction in the United States.
  • This is PAI’s 1st transaction in Arizona.

M&A Deal Summary

Date 2019-08-26
Target Eclipse Cash Systems
Sector Technology Hardware
Buyer(s) PAI
Sellers(s) Hunter Trust
Deal Type Add-on Acquisition

Target

Eclipse Cash Systems

Chandler, Arizona, United States
Eclipse Cash Systems is a full-service ATM company, offering the wholesale ATM products and service specializing in: ATM Placement, ATM Processing (free), ATM Sales, Customized ATM Branding, ATM Business Consulting, Mobile Events & Venues, 24hr ATM Monitoring, and ATM Service. Eclipse Cash Systems was founded in 2003 and is based in Chandler, Arizona.

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Buyer(S) 1

Buyer

PAI

Louisville, Kentucky, United States

Category Company
Founded 2005
Sector Business Services
Employees225
DESCRIPTION

PAI is a provider of independent ATM deployments and portfolio management services. PAI delivers tools and services for ATM portfolio owners & operators, retailers, financial institutions, and independent operators/ISOs. PAI was founded in 2005 and is based in Louisville, Kentucky.


DEAL STATS #
Overall 12 of 14
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 12 of 14
State (Arizona) 1 of 1
Country (United States) 12 of 14
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-18 ISA-Ecash

Norwood, Massachusetts, United States

ISA-Ecash is a full-service ATM management company to financial institutions, retailers and independent operators. ISA-Ecash is headquartered in Norwood, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-11 Cash N Go ATM Network

Chicago, Illinois, United States

Cash-N-Go is a North American provider of ATM and cash distribution network services. With offices across the US, Cash-N-Go has a strong presence, managing more than 10,000 ATMs across North America, making cash accessible and affordable to cardholders everywhere under the Cash-N-Go brand in the United States, and as Access Cash in Canada. Cash-N-Go offers its proprietary advanced platform for cash distribution network management, as a Software as a Service (SaaS) solution for banks under the Perativ brand. Cash-N-Go was formed in 1998 and is based in Chicago, Illinois.

Buy -

Seller(S) 1

SELLER
DESCRIPTION

Hunter Trust is a private investment group focused on acquiring majority interests in private companies. The Firm is sector agnostic but has a particular interest in healthcare services, energy services and equipment, outsourced utility services, telecom infrastructure, security monitoring, and business/industrial services. Hunter looks for owners seeking liquidity and focuses on businesses valued between $5 and $30 million. Hunter Trust was formed in 2000 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 4 of 5
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Arizona) 1 of 1
Country (United States) 4 of 5
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-25 FMT Solutions

Portland, Oregon, United States

FMT Solutions is a provider of integrated educational content and tech-enabled marketing services principally for the retirement planning and wealth management services market. FMT offers a comprehensive suite of retirement planning and wealth management communication services and financial education courses designed to support Registered Investment Advisors (RIAs), Investor Advisor Representatives (IARs), and individual investors. FMT Solutions was founded in 2001 and is based in Portland, Oregon.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-14 SuperSalon

Minneapolis, Minnesota, United States

SuperSalon is a software developer and multiple-location salon owner, SuperSalon was developed to be a complete business solution for both walk-in and appointment-driven salons and spas. SuperSalon was founded in 1999 and is based in Minneapolis, Minnesota.

Sell -