M&A Deal Summary

Saratoga Electronic Solutions Acquires Car-Tel Distributions

On June 12, 2008, Saratoga Electronic Solutions acquired distribution company Car-Tel Distributions from Financial Access Solutions Technology

Acquisition Highlights
  • This is Saratoga Electronic Solutions’ 1st transaction in the Distribution sector.
  • This is Saratoga Electronic Solutions’ 1st transaction in Canada.
  • This is Saratoga Electronic Solutions’ 1st transaction in Quebec.

M&A Deal Summary

Date 2008-06-12
Target Car-Tel Distributions
Sector Distribution
Buyer(s) Saratoga Electronic Solutions
Sellers(s) Financial Access Solutions Technology
Deal Type Divestiture

Target

Car-Tel Distributions

Montreal, Quebec, Canada
Car-Tel Distributions, Inc. is a payment card distribution company.

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Buyer(S) 1

Buyer

Saratoga Electronic Solutions

Montreal, Quebec, Canada

Category Company
Sector Information Technology
DESCRIPTION

Saratoga Electronic Solutions, Inc. is a provider IT services for ATM machines in canada.


DEAL STATS #
Overall 1 of 1
Sector: Distribution M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Quebec M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2008 M&A 1 of 1

Seller(S) 1

SELLER

Financial Access Solutions Technology

Cayuga, Ontario, Canada

Category Company
Founded 1995
Sector Information Technology
DESCRIPTION

Financial Access Solutions Technology, Inc. is a technology provider, specializing in point-of-sale, cash and treasury, card products, and transactional software solutions for North American merchants.


DEAL STATS #
Overall 1 of 1
Sector: Distribution M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Quebec M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2008 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-30 Car-Tel Distributions

Montreal, Quebec, Canada

Car-Tel Distributions, Inc. is a payment card distribution company.

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