Marlin Equity Partners has acquired Pendum LLC, a provider of ATMs and merged it with portfolio company Burroughs, which provides maintenance services, document and payment-processing image technology, in addition to cash automation solutions. No financial terms were disclosed.
LOS ANGELES – February 2, 2015: Marlin Equity Partners (“Marlin”) is pleased to announce that it has acquired Pendum LLC (“Pendum”), a leading independent service provider of ATMs and other cash automation equipment for the financial and retail markets.
With over 25 years of experience selling, installing, upgrading and servicing a variety of cash automation equipment, the company offers its customers flexible, consultative solutions that are designed to reduce operating costs and improve uptime. Pendum has been merged with Burroughs, Inc. (“Burroughs”), a Marlin portfolio company, further expanding Burroughs’ nationwide service delivery platformand creating the largest independent multi-vendor provider of maintenance services in North America.
“Burroughs and Pendum share a common culture and passion for serving customers with the highest quality products and services,” stated Alan Howard, CEO of Burroughs. “The acquisition of Pendum significantly expands our customer and technician footprint and solidifies our position as the market leading provider of maintenance services to financial and retail institutions.”
Mike Zawalski, an operating partner to Marlin, added “Pendum offers a synergistic complement to Burroughs’ existing service capabilities and demonstrates Marlin’s continued commitment to growing the business, both organically and through strategic acquisitions.”
About Marlin Equity Partners
Marlin Equity Partners is a global investment firm with over $3 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. Marlin invests in businesses across multiple industries where its capital base, industry relationships and extensive network of operational resources significantly strengthen a company’s outlook and enhance value. Since its inception, Marlin, through its group of funds and related companies, has successfully completed over 85 acquisitions. The firm is headquartered in Los Angeles, California with an additional office in London. For more information, please visit www.marlinequity.com.
Burroughs is a global provider of maintenance services, document and payment-processing image technology, and cash automation solutions to financial institutions and retailers. The company’s services and products provide banks and commercial customers with safe, secure and prompt document and cash processing solutions that improve operational efficiencies and payment security. With more than 100 years of history, Burroughs is recognized as the industry leader in image-processing technology from web-enabled branch and merchant capture devices to high-speed reader/sorters in some of the largest payment-processing centers worldwide. For more information, please visit www.burroughs.com.
For additional information, please contact Peter Spasov at (310) 364-0100 or via e-mail at firstname.lastname@example.org.