Welch ATM has announced the acquisition of the ATM portfolio of Thillens, a transportation, cash logistics and ATM services company based in Chicago.
The ATMs purchased by Welch was part of Thillen’s financial institution sponsorship program involving partnerships with credit unions and select employee group locations. Over 70% of the acquired ATMs are placed in Chicago, which is aligned well with Welch’s strategic plans for this important geographic population centre.
“Thillens has built a highly desirable niche ATM business over the years,” said Brad Cummins, president of Welch ATM. “The Thillens team is expert in armoured transport and will be continuing to handle that aspect of the business. We welcome the expanded relationship and look forward to their continued engagement in the business as we look to grow this very important market.”
“Since 1932, Thillens has been meeting the needs of financial institutions in the Chicagoland market and our family is very excited about this opportunity,” said Tommy Finnegan, vice president armoured division for Thillens. “It affords us the ability to expand our service footprint to new markets without any capital concerns. We look forward to our continued mutually beneficial relationship with Welch ATM.”
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