HOUSTON–Dolphin Debit has acquired Outsource ATM, adding 65 new clients, primarily credit unions and banks in Texas and Louisiana. Terms of the acquisition were not released.
The acquisition was finalized after several months of discussions between Dolphin Debit and Cypress, Texas-based Outsource, the company said, adding the move will further its position as the leading pure play ATM outsourcing provider to credit unions and banks.
“Our two companies had many similarities, so this has been a seamless transition for both companies and for our new clients,” said Gary Walston, co-founder of Dolphin Debit. “As a larger company, we can offer vast resources in the form of people, expertise, and technical capabilities to the clients that we have inherited from Outsource.”
Troy LeBlanc, president of Outsource ATM, will now concentrate on leading a separate operation he owns, Outsource Technology, which provides ATM maintenance and service.
‘In Good Hands’
“I have known and interacted with the people at Dolphin Debit for almost 20 years,” LeBlanc said. “I know that the valued clients that we have worked with for years will be in good hands with Dolphin.”
Added Walston, “The Dolphin Debit story is one of consistent organic growth, and this acquisition adds to that pace. We are seeing even stronger growth in the past couple of years as more and more credit unions and banks are deciding that outsourcing their ATM fleets is the best strategy in light of continuing regulatory changes as well as next year’s switch to the Windows 10 operating system.”