LOS ANGELES, February 2, 2015 – Marlin Equity Partners (“Marlin”) is pleased to announce that it has acquired Pendum LLC (“Pendum”), a leading independent service provider of ATMs and other cash automation equipment for the financial and retail markets. With over 25 years of experience selling, installing, upgrading and servicing a variety of cash automation equipment, the company offers its customers flexible, consultative solutions that are designed to reduce operating costs and improve uptime. Pendum has been merged with Burroughs, Inc. (“Burroughs”), a Marlin portfolio company, further expanding Burroughs’ nationwide service delivery platform and creating the largest independent multi-vendor provider of maintenance services in North America.
“Burroughs and Pendum share a common culture and passion for serving customers with the highest quality products and services,” stated Alan Howard, CEO of Burroughs. “The acquisition of Pendum significantly expands our customer and technician footprint and solidifies our position as the market leading provider of maintenance services to financial and retail institutions.”
Mike Zawalski, an operating partner to Marlin, added “Pendum offers a synergistic complement to Burroughs’ existing service capabilities and demonstrates Marlin’s continued commitment to growing the business, both organically and through strategic acquisitions.”
For additional information, please contact Peter Spasov at (310) 364-0100 or via e-mail at email@example.com.