Expert Group Inc. today announced that it has entered into a non-binding term sheet to acquire ATM operator Pertego Capital and its assets.
Expert's subsidiary, Expert Financing Inc., will consolidate Pertego's ATM portfolio immediately, expanding its presence in Florida. Expert ATM will also provide additional fulfillment services to Pertego Capital. The closing of the transaction is subject to a number of conditions, including completion of due diligence and approval by Expert's board of directors, according to a company press release.
"Pertego Capital will be an exciting venue for our ATM operations, bridging our sales with over approximately 150 thousand transaction annum, equivalent to 500,000 annual revenues," said Expert's CEO Robert Rico.
Pertego Capital operates out of South Florida, with a portfolio of more than 90 ATMs.
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