ATM services and solutions provider Grant Victor today announced it has appointed a new CEO, David D. Charles, according to a company press release.
Charles has more than 30 years of management and executive level experience. In 1999, Charles founded Red Hawk Industries, a national provider of equipment and services to financial institutions.
Additionally, the company recently acquired a capital investment partner, Endeavour Capital, headquartered in Portland, Ore.
“The ATM industry in the U.S. is still highly fragmented,” said Tim Matthews, Grant Victor co-founder. “We believe over the next three to five years there will be further consolidation within the industry. We are positioning the company from a leadership and financial standpoint to be able to best capitalize on opportunities as they are presented.”
Grant Victor wholly owns three operating companies, ATMequipment.com, OptConnect and eGlobal. Grant Victor also announced it will launch a new subsidiary focused on providing ATM services and solutions to financial institutions. It did not elaborate further in the release.
“We are thrilled that Dave Charles and Endeavour Capital have joined the Grant Victor team,” said Burt Matthews, Grant Victor co-founder. “We couldn’t be more pleased with the new developments. I’m confident this strategic partnership will be very positive.”