News

Paramount acquires CKE ATM Solutions

December 18, 2018

Lancaster, Pennsylvania-based Paramount Management Group has acquired CKE ATM Solutions, a Morristown, New Jersey-based-provider of ATM outsourcing services to credit unions and mid-tier financial institutions, according to a press release.

CKE co-founder Mike Kerans will join the Paramount subsidiary, Sharenet, where he will be responsible for pioneering strategic ATM partnership programs for credit unions and banks of all sizes. 

Kerans, an industry professional of more than 20 years' experience, previously worked for Access to Money, where he helped pioneer the “bank at work” program, and prior to that, at Cardtronics.

CKE co-founder Tayler Curtis will also be joining the Sharenet team and will continue to manage the existing CKE customer base.

"We are extremely excited about this acquisition, not only are we acquiring the assets of a company that has become a leader in their chosen market, but at the same time are partnering with Mike Kerans — one of the pioneers of the ATM industry," Jorge Fernandez, chief development and marketing officer at Paramount, said in the release. 

"It's an honor to join the Paramount/Sharenet team," Kerans said. "At CKE, we created a solid base and reputation for providing excellent ATM services to our customers. The partnership with Paramount provides us with the capital and resources needed to further expand our business."