News

Cardtronics named ATM provider for 7-11 stores in Canada

April 12, 2012

Cardtronics, Inc. today announced that its Canadian subsidiary, Cardtronics Canada Ltd., has been named exclusive provider of ATM services for all 7-Eleven convenience stores in Canada.

The agreement between the companies — each the largest in their respective industry — adds 472 ATMs at 7-Eleven stores in Canada to the Cardtronics portfolio, and includes expansion rights. The company expects to complete deployment of new Cardtronics-owned ATMs at 7-Eleven stores in Canada this summer.

"7-Eleven has the largest ATM network of any retailer in the United States, with Cardtronics providing ATM services to the vast majority of 7-Eleven ATMs," said Rick Updyke, president of the U.S. business group at Cardtronics. "The opportunity to grow our longstanding relationship internationally into Canada speaks to its mutually beneficial nature and the ability of Cardtronics ATMs to help attract customers to 7-Eleven stores."

Cardtronics first entered the Canadian marketplace in late 2011 with the acquisition of Mr. Cash, which operated nearly 600 ATMs. With the addition of 7-Eleven ATMs in Canada, the company's total count in that country now exceeds 1,000.

"The international expansion of our 7-Eleven relationship is a prime example of what Cardtronics' entry into Canada was all about," said Mike Clinard, president of global services at Cardtronics. " … [T]he 7-Eleven expansion represents a swift return on Cardtronics' Mr. Cash investment."

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