HOUSTON — Cardtronics Inc, the largest independent service organization ATM deployer in the country and the parent of the Allpoint Network, has announced plans to acquire the U.S. ATM operations of 7-Eleven Inc. The acquisition, tagged for $135 million, would add more than 5,500 ATMs to Cardtronics' portfolio, expanding the independent sales organization's network to more than 30,000 machines.
The transaction will close by the end of June, the company said in a news release.
The deal provides Cardtronics with a 10-year exclusive right to operate all ATMs and advanced-function financial self-service kiosks in 7-Eleven locations throughout the United States, including all new 7-Eleven stores.
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