Cardtronics Acquires Assets of ATM Servicer Aptus Financial

ATM operator Cardtronics USA has purchased the assets of Aptus Financial, an ATM servicer based in Portland, Ore.

Terms of the deal, which was announced Wednesday, were not disclosed. Aptus will convert to the Cardtronics USA brand, and its Portland headquarters will become a regional office of the Houston-based Cardtronics, a Cardtronics spokesman said.

Aptus provides ATM sales, leasing and management, and services a fleet of 3,300 ATMs, the majority owned by independent merchants. It was founded in 2002 by Dave Grano and Rick Holt, who previously had launched Card Capture Services, which was bought by E*Trade in 2000, according to Aptus' website. No decision has been made on whether Aptus' management will remain in place following the merger, a Cardtronics spokesman said.

Last month, Cardtronics' British subsidiary purchased the Scottish ATM marketing company i-design. In August, Cardtronics USA bought the ATM Network, an independent ATM sales group based in Minnesota.