Jul. 21, 2014, 7:06 PM
- Welch ATM has a portfolio of 26K U.S. ATMs. Acquiring the company will bring Cardtronics' (NASDAQ:CATM) total ATM portfolio to 109.6K units (92.5K in the U.S.). (PR)
- Cardtronics notes the companies have 5.1K ATMs between them at Walgreens. Welch also has 3.1K Rite Aid ATMs.
- Welch CEO Jeff Hewitt will join Cardtronics as an EVP responsible for "all U.S. sales and customer relationship outreach and initiatives." The all-cash deal is expected to close in Q3.