Payment Alliance International Join Forces B & B Music & Video
Payment Alliance International acquires the ATM portfolio of Cleveland-based B & B Music & Video.
FREMONT, CA: Payment Alliance International (PAI), the U.S. leader in ATM portfolio management tools and services, acquire the ATM portfolio of Cleveland established B & B Music & Video. The acquisition adds about 580 company-owned and 120 merchant-based ATMs to the worldwide fleet of PAI services and supports. The acquisition also comprises an additional 20 ATMs allowed with Bitcoin purchasing potentials.
PaymentAlliance acquires B & B Music’s #ATM portfolio, adding more than 720 #ATMs to the nationwide fleet it services and supports, including 20 ATMs allowed with #Bitcoin purchasing potentials. Over the last 15 years, B & B has built a dense regional Northeastern Ohio base of ATMs through organic and acquisitive growth. Acquiring B & B’s ATM portfolio not only creates a strong local presence for PAI in the Cleveland market but continues the national expansion of PAI’s proprietary tools and services. This comprises Vantage Technical Services for cash management, cash-in-transit and equipment maintenance, and AMP+, a complete portfolio management toolset offering real-time visibility and control to handle ATMs more effectively.
B & B’s sales efforts have been focused on transparency, trust, and excellent service. PAI provides terrific resources and support so the company can continue to offer at a superior level. This will be a major addition to the management team for the small retail placement line of business. MelCap Partners advised and represented B & B during the transaction and facilitated the acquisition. Terms of the agreement are not disclosed.
Payment Alliance International (PAI) is the nation’s largest, privately-held provider of ATM portfolio management tools and services for more than 100,000 ATMs, including transaction processing, bank sponsorship, maintenance, cash-in-transit (CIT) servicing, and AMP+, the firm’s market-leading technology. AMP+ provides ultimate visibility and control to maximize ATM portfolio effectiveness and profitability.