Cardtronics Inc. (CATM) has signed a long-term agreement with Houston-based Landmark Industries, naming Cardtronics the exclusive provider of ATM services for Timewise Food Stores, a Texas convenience store chain.
The new relationship adds more than 225 company-owned cash machines to Cardtronics' fleet of brandable ATMs, the companies said in a press release.
Cardtronics will own, install and operate the ATMS in Houston and San Antonio. All Timewise locations will be converted to Cardtronics ATM services before end-of-year, and Cardtronics has expansion rights for future Timewise locations, the release said.
"We have historically managed our ATM operations in-house and bringing Cardtronics on as our complete ATM services provider will be a very positive move both in terms of benefiting from the latest state of the art equipment, as well as their very fine service," Bob Duff, a Timewise partner, said in the release.
"We look forward to making life easier for Timewise and their customers," said Rick Updyke, president of Cardtronics' North America Business Group.