LOS ANGELES, October 13, 2009 – Marlin Equity Partners is pleased to announce that it has acquired a portfolio of ATMs from Innovus, Inc. The acquired assets will be integrated with FCTI, a Marlin portfolio company, further expanding its national footprint of ATMs in the hotel, entertainment, grocery, amusement park and convenience store markets. The acquisition strengthens FCTI’s position as one of the largest ATM owners in the United States.
“By leveraging FCTI’s unique business model, the strategic benefits of the acquisition will be immediately recognized,” stated Andy Martinez, a Principal at Marlin. “The transaction demonstrates Marlin’s continued commitment to grow FCTI, both organically and through strategic acquisitions.”
Gabriel Frem, FCTI’s Founder and CEO, commented, “this acquisition expands FCTI’s position as a market leader in the ATM space. We look forward to providing our newly acquired customers with excellence, at every level of service and support. There should be no disruption to our customers during this transition, and we have already put in place a plan to improve quality and deliver added value quickly, to each and every account. Given FCTI’s advanced logistics, robust infrastructure and customized software, we will complete the full integration of this acquisition, in all 39 states, very quickly.”
About Marlin Equity Partners
Marlin Equity Partners is a Los Angeles, California-based private investment firm focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. Marlin invests in businesses across multiple industries that are in the process of undergoing varying degrees of operational, financial or marketdriven change where its capital base, industry relationships and extensive network of operational resources significantly strengthens a company’s outlook and enhance value. Since its inception, Marlin Equity Partners has successfully completed over 25 acquisitions. For more information, please visit www.marlinequity.com.
FCTI is one of the largest independent owners of ATMs in the United States. With extensive operations throughout the U.S., FCTI caters to enterprise-level customers in banking, hospitality, entertainment, trucking and retail. Headquartered in Los Angeles, FCTI is known for providing its customers with excellence in service and support, especially in optimizing all logistical aspects of ATM ownership, including maintenance, cash management, equipment installation and de-installation, software customization, process management automation, and custom reporting. For more information, please visit www.fcti.net.
For additional information, please contact Peter Spasov at (310) 364-0100 or via e-mail at firstname.lastname@example.org.