TRM Copy Centers LLC, a provider of self-service retail copy centers, has acquired Solvport LLC, a national provider of ATM and kiosk outsourced services. No financial terms were disclosed. TRM is a portfolio company of Skyview Capital.
Skyview Capital, LLC, a privately held investment firm headquartered in Beverly Hills, CA, announced today the successful acquisition of Solvport, LLC (www.solvport.com), a nationwide ATM and Kiosk outsourced services provider, by its portfolio company TRM Copy Centers, LLC (www.trmcopycenters.com), the largest nationwide provider of self-service retail copy centers.
Founded in 2004 by a tenured group of ATM industry professionals, Solvport is one of the leaders in the outsourced, off-premise ATM & Kiosk services industry, providing field technical service, installation, help desk services, real-time monitoring, project management, and parts and supplies.
Gary Cosmer, President and Chief Executive Officer of TRM Copy Centers, remarked, “After starting TRM Copy Centers in January of 2007, we developed a very sophisticated field service infrastructure to manage our existing lines of business. It will be a natural next step for us to leverage that current infrastructure. We will combine the infrastructure with our nationwide base of uniformed, talented and trained service engineers to expand our service offering to other synergistic industries. Our acquisition of Solvport, one of the leading providers of off-premise ATM services, allows us to expedite that activity and makes for an unbeatable combination.”
“We are excited about this transaction because a strong cultural match already existed between these two organizations prior to closing. The combination now created by this complementary acquisition will result in a dynamic service-centric entity consisting of a highly skilled base of uniformed technicians who have extensive experience in both electronic as well as mechanical machines. Consequently, this uniquely positioned company will now be able to offer superior quality and consistency to a broader segment of customers,” stated Alex Soltani, Chairman and CEO of Skyview Capital, LLC.
Solvport will move its operations, including its management team and help desk staff to TRM Copy Centers headquarters in Portland, Oregon. Wayne Vandekraak, co-founder of Solvport, said, “This is the natural next step in Solvport’s progression. The acquisition of Solvport by TRM Copy Centers provides our customers, employees, and business partners the benefits of TRM Copy Centers extensive merchandising and servicing capabilities.”
About Solvport, LLC
Solvport, LLC is a national leader in the outsourced, off-premise ATM & Kiosks services industry, providing help desk technical support, field service, real-time monitoring, and project management for over 120,000 locations nationwide. Their customers include leaders in the ATM Independent Sales Organization (ISO) industry.
About TRM Copy Centers, LLC
TRM Copy Centers, LLC is the leading nationwide provider of self-service convenience photocopy services in the retail environment. TRM Copy Centers operates more than 14,000 copy centers throughout the United States, and supports some of the country’s largest and most successful retailers including grocery, convenience and drug store chains as well as thousands of independently owned businesses.
About Skyview Capital, LLC
Skyview Capital, LLC, is a private investment firm headquartered in Beverly Hills, California, which specializes in the acquisition and continuous management of “systems – critical” enterprises in the areas of technology, telecommunications, business services, and niche manufacturing. By leveraging its operational capabilities and financial acumen, Skyview systematically enhances the long-term sustainable value of the businesses it acquires. For more information, visit www.skyviewcapital.com