Payment Alliance International, a portfolio company of Further Global Capital Management, has acquired the automated teller machine portfolio of Cash N Go ATM Network, a subsidiary of Toronto-based Perativ. No financial terms were disclosed. Based in Louisville, Kentucky, PAI is a provider of ATM portfolio management tools and services.
LOUISVILLE, Ky.–(BUSINESS WIRE)–Payment Alliance International, Inc. (PAI), the U.S. leader in ATM portfolio management tools and services, announced today that it has acquired the Cash-N-Go ATM portfolio of Cash N Go ATM Network Inc., a subsidiary of Perativ Inc. The acquisition adds nearly 400 ATMs, increasing PAI’s nationwide network to more than 90,000 ATMs. Financial terms of the transaction were not disclosed.
“We are laser-focused on our SaaS-based global cash distribution network and Canadian Access Cash ATM operations,” said Chris Chandler, chief executive officer for Perativ. “We are delighted to provide our U.S. Cash-N-Go ATM customers with a smooth transition to the market leader PAI, where they will continue to receive excellent service and support,” added Chandler.
“Chris Chandler and I have known each other for a long time,” said David Dove, chief executive officer for PAI. “He’s built a terrific business in Canada and we are fortunate acquire his U.S. Cash-N-Go ATM portfolio.”
About Payment Alliance International, Inc.
Payment Alliance International (PAI) is the nation’s largest, privately-held provider of ATMs, offering ATM portfolio management tools and services, including transaction processing, bank sponsorship, maintenance, cash-in-transit (CIT) servicing and the company’s market-leading portfolio management toolset PAI Reports for more than 90,000 ATMs. PAI’s portfolio management tools offer customers the most visibility and control to maximize ATM portfolio effectiveness and profitability. For more information, please visit gopai.com.
About Perativ Inc.
Perativ is a leading financial technology company focused on cash optimization. Our SaaS platform combines automation, artificial intelligence, analytics and ATM operations that enable financial institutions to reimagine cash distribution, driving down costs and delighting customers with convenient access to cash at more than 10,000 Access Cash ATMs across Canada. For more information, please visit Perativ.com.