LANCASTER, PA — Paramount Management Group is pleased to announce another successful acquisition in the ATM Industry, adding to its long list of profitable partnerships over the last few years.
The name of the company and the terms of the agreement are not being disclosed at this moment due to certain confidentiality terms in place at the time of the completion of the transaction.
Boston-based Tremont Capital Group, Inc, a firm that specializes in providing strategy consulting, and merger and acquisition advisory services to the ATM industry, facilitated the deal for the seller.
“While most businesses have entered into a period of uncertainty as a result of the COVID-19 pandemic, Paramount remains a financially strong organization and firmly believes in the opportunities that continue to exist in the ATM industry,” Jorge Fernandez, Chief Development and Marketing officer for Paramount said. “This investment is a testament of our continued commitment to the industry and its future.”
“This transaction was a great fit and outcome for both sides, as well as their customers,” said Sam M. Ditzion, CEO of Tremont Capital Group.
ABOUT PARAMOUNT MANAGEMENT GROUP, LLC — A national leader in implementing solutions incorporating technology allowing consumers, retailers and financial institutions to interact with each other. Paramount’s services include the placement and operation of ATMs, digital media solutions and other value-added products and services at the ATM. The company’s Sharenet division specializes in providing ATM outsourcing solutions to financial institutions. Visit www.paramountmgp.com to learn more.
ABOUT TREMONT CAPITAL GROUP — Tremont Capital Group is the leading provider of business strategy consulting and merger and acquisition advisory services to the ATM industry. To learn more about the services provided by Tremont Capital Group, visit www.tremontcapitalgroup.com or call 617-482-8866.
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