M&A Deal Summary

Paramount Management Group Acquires Cypress Advantage

On February 12, 2024, Paramount Management Group acquired business services company Cypress Advantage

Acquisition Highlights
  • This is Paramount Management Group’s 2nd transaction in the Business Services sector.
  • This is Paramount Management Group’s 2nd transaction in the United States.
  • This is Paramount Management Group’s 1st transaction in Washington.

M&A Deal Summary
Date 2024-02-12
Target Cypress Advantage
Sector Business Services
Buyer(s) Paramount Management Group
Deal Type Add-on Acquisition

Target

Cypress Advantage

Spokane, Washington, United States
Cypress Advantage is an independent ATM service provider, that offers a robust suite of products and services including equipment, parts, and processing, as well as technical and sales support. Cypress Advantage was founded in 1996 and is based in Spokane Washington.

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Buyer(S) 1

Buyer

Paramount Management Group

Lancaster, Pennsylvania, United States
Category Company
Sector Business Services
DESCRIPTION

Paramount Management Group is focused on implementing the latest technology to allow consumers, retailers, and financial institutions to interact easily and conveniently. The company's services include the placement and operation of ATMs, digital media solutions, and other value-added products and services at the ATM. Paramount Management Group is based in Lancaster, Pennsylvania.

DEAL STATS #
Overall 2 of 2
Sector (Business Services) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Washington) 1 of 1
Country (United States) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-31 First National ATM

Port Richey, Florida, United States

First National ATM is a full-service provider of ATM machines to financial institutions and retail establishments. FNA has national support staff and service companies ready for fast service anywhere in the USA or Canada. It currently manages cash transactions of over $400 Million annually, managing over 2,000 ATM machines for customers including Universities, Hospitals, Train Stations, Restaurants, Grocery, and Convenience Stores all over North America. First National ATM was formed in 1998 and is based in Port Richey, Florida.

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