Newport Capital and Ezee ATM join forces

Friday 23 April 2004 10:21 CET | News

Ezee ATM and Newport Partners have formed a new partnership, Ezee ATM LP (Ezee), designed to consolidate Canadas white-label ATM industry. Ezee is currently Canadas second largest white label independent service organization (ISO) with more than 1,550 ATM management contracts dispensing in excess of $500 million cash annually. Ezee will be aggressively pursuing acquisition opportunities and is currently in negotiations with a number of potential candidates. In addition, Ezee will enter into management agreements with owners of Canadian ATM portfolios looking for a more efficient operating model. Newport Partners is a Toronto-based firm providing personal and corporate wealth management for successful Canadian business owners, entrepreneurs and their families. The firm has approximately $650 million in public and private assets under management on behalf of more than 350 client families. Through its private capital division, Newport invests in small-medium sized Canadian private businesses with consistent records of profitability.

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Categories: Payments & Commerce | Payments General
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