LANCASTER, PA — Paramount Management Group is pleased to announce it has acquired the assets of One Consulting Group (previously ATM Group, Corp. or ATMG). Based in San Juan, the company was one of the largest providers of ATM solutions to retail establishments in Puerto Rico. The company owned and operated a network of several hundred ATMs throughout the Caribbean Island.
Founded over 15 years ago by Nestor Vazquez and Fernando Alvarado as ATMG, One Consulting Group was one of the first independent ATM deployers in Puerto Rico and developed a solid reputation for superior service among its diverse customer base. ATMG sold their assets to One Consulting Group, whose assets were later acquired by Paramount. Vazquez and Alvarado have agreed to stay to help manage the integration of One Consulting Group assets into Paramount, to provide maintenance and to continue to grow ATMG with the new solutions available from Paramount such as digital media, gift cards, pre-paid cellular, money transfer, bill pay, crypto currency and ATM outsourcing for financial institutions, to name a few.
“We are very pleased to welcome Nestor and Fernando to the Paramount family of companies,” Jorge Fernandez, Paramount Chief Development and Marketing Officer, said. “ATMG was a pioneer in the Puerto Rican ATM industry. Nestor and Fernando have been able to successfully grow the company into one of the leading ATM operators on the island. This acquisition brings to Paramount significant growth into a market where we already have a large presence, and we look forward to being able to further grow both companies by injecting capital into the operation and providing additional products and services.”
With the addition of this portfolio and last year’s acquisition of the assets of Sharenet, which includes retail and financial institution accounts, Paramount now operates the largest network of independent ATMs throughout Puerto Rico. “This acquisition will allow Paramount to offer additional locations to our existing bank and credit union customers throughout the island,” Fernandez added.
“After organically growing ATMG for over 15 years, we were looking to partner with an organization that has achieved success, has a clear vision and strategy for continued growth in the dynamic ATM industry, and has the financial resources to foster that growth,” indicated Vazquez. “Paramount was the ideal choice. We are very impressed with the solutions the company is introducing. Fernando and I are excited to be part of the new chapter that Paramount is helping create in the industry ‒ one that focuses more on customer engagement than on the ATM itself.”
“After organically growing ATMG and One Consulting Group for over 15 years, we were looking to partner with an organization that has achieved success, has a clear vision and strategy for continued growth in the dynamic ATM industry, and has the financial resources to foster that growth,” indicated Vazquez. “Paramount was the ideal choice. We are very impressed with the solutions the company is introducing. Fernando and I are excited to be part of the new chapter that Paramount is helping create in the industry ‒ one that focuses more on customer engagement than on the ATM itself.”
Vazquez continues, “Our group built an excellent reputation for providing superior ATM services. The partnership with Paramount gives us access to capital and resources needed to further expand the products and services our customers need; innovative products that will allow them to differentiate themselves from competitors.”
“I’ve had the honor of knowing Nestor and Fernando for many years and grew to respect them as competitors,” notes Fernandez. “Now I am pleased to welcome them into the Paramount family.”
Contact Information:
Jorge Fernandez
Chief Development and Marketing Officer
786-877-1624
jfernandez@paramountmgp.com
www.paramountmgp.com
www.sharenetatm.com
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