In Brief: ATM Servicers Bantek and Efmark Merge

Bantek West Inc. of Denver and Efmark Premium Armored of Westmont, Ill., have merged, forming what is claimed to be the largest independent servicer of automated teller machines.

The merged company serves more than 2,000 customers with more than 65,000 ATMs, according to Wednesday's announcement.

Edgewater Funds, a Chicago private equity firm, has a minority stake in the new company, as it did in Bantek. Other financial details of the deal were not released; the companies were both privately held.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER