Payment Alliance International (PAI), the U.S. leader in ATM portfolio management tools and services, today announced it has acquired the ATM portfolio of Cleveland-based B & B Music & Video. The acquisition adds more than 580 company-owned and 120 merchant-owned ATMs to the nationwide fleet PAI services and supports. The acquisition also includes an additional 20 ATMs enabled with Bitcoin purchasing capabilities.
Over the past 15 years, B & B has built a dense regional Northeastern Ohio base of ATMs through organic and acquisitive growth. Acquiring B & B’s ATM portfolio not only creates a strong local presence for PAI in the Cleveland market, but continues national expansion of the PAI’s proprietary tools and services. This includes Vantage Technical Services for cash management, cash-in-transit and equipment maintenance, as well as AMP+, a complete portfolio management toolset providing real-time visibility and control to manage ATMs more effectively.
“B & B’s sales efforts have been focused on transparency, trust and excellent service,” said Jordan Brown, president of sales. “PAI offers terrific resources and support so we can continue to deliver at a superior level,” added Brown. “I look forward to joining PAI to extend their footprint in Northeast Ohio and beyond.”
“I couldn’t be more delighted for the B & B team join PAI,” said David Dove, CEO of PAI. “Jordan Brown will be a significant addition to the management team for our small retail placement line of business.”
MelCap Partners, LLC advised and represented B & B during the transaction and facilitated the acquisition. Terms of the agreement were not disclosed.