The atm business is in a transition. What initially become a hyper-growth phase, we are now seeing massive consolidation within the industry. Portfolios are being acquried from public and private equity. The one major reason for this is the decrease in net profits per machine.

During the growth phases, machines were installed everywhere. Many companies tried using armor car and bank cash within the atm machines. When these locations failed to become profitable, these atms could not be moved into more profitable locations. As a result ,the easier choice is to sell the good and bad within a porfolio into stronger hands.

As a result, companies that have a strong balance sheet with cash reserves, can obtain some great porftolios out there in the marketplace.