{"id":38774,"date":"2012-12-12T12:56:00","date_gmt":"2012-12-12T12:56:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/cardtronics-canada-catm-acquires-can-do-cash\/38604\/"},"modified":"2012-12-12T12:56:00","modified_gmt":"2012-12-12T12:56:00","slug":"cardtronics-canada-catm-acquires-can-do-cash","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/cardtronics-canada-catm-acquires-can-do-cash\/38774\/","title":{"rendered":"Cardtronics Canada &#8211; CATM &#8211; Acquires Can-Do-Cash"},"content":{"rendered":"<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - News Links *\/\ngoogle_ad_slot = \"3490797620\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 15;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<p><strong><a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=CATM\">Nasdaq:CATM<\/a>)<\/strong> announced that its wholly-owned subsidiary, Cardtronics Canada, Ltd., has acquired Can-Do-Cash, Ltd., a privately held ATM services company headquartered in Ottawa and founded in 2000. Expanding the overall Cardtronics Canada ATM portfolio by 800 cash machines, Can-Do-Cash delivers accelerated growth primarily in Ontario and Quebec.<\/p>\n<p>The Can-Do-Cash acquisition grows the total Cardtronics Canada fleet to 1,840 ATMs, a sizeable jump from the 600 ATM portfolio Cardtronics acquired in late 2011 with its purchase of Mr. Cash. Whereas Mr. Cash had its strongest presence in western Canada, Can-Do-Cash delivers an established merchant client base\u2014including Ontario&#8217;s well-known Pioneer Energy gasoline\/convenience stores\u2014in eastern population centers including Ottawa, Toronto, Montreal and Quebec City.<\/p>\n<p>The founders and co-owners of Can-Do-Cash, Joseph Arrage and Tarick Karkache, will both join Cardtronics Canada, serving as vice president of Business Development and vice president of Operations, respectively.<\/p>\n<p>&#8220;The acquisition of Can-Do-Cash fits well with our cost-efficient growth strategy for Canada, and gives Cardtronics a more geographically balanced presence and service network in Canada,&#8221; said Steve Rathgaber, chief executive officer, Cardtronics. &#8220;Can-Do-Cash brings to Cardtronics Canada hundreds of new merchant relationships, a strong &#8216;after-sales&#8217; service approach and a nearly flawless client retention rate since the company launched in 2000.&#8221;<\/p>\n<p><strong>Cardtronics in Canada<\/strong><\/p>\n<p>Cardtronics first entered the Canadian marketplace with nearly 600 ATMs in late 2011 with its acquisition of Mr. Cash. Shortly thereafter, early in 2012, Cardtronics grew its Canadian operations in size and stature upon being named the exclusive provider of ATM services to all 7-Eleven convenience stores in Canada.<\/p>\n<p>Subsequent to the 7-Eleven Canada ATM placement deal, Scotiabank entered into an ATM branding agreement with Cardtronics, covering all 470-plus Cardtronics-owned, 7-Eleven Canada-located ATMs. Further highlighting the strategic value of the 7-Eleven Canada locations, Cardtronics used those sites to introduce Allpoint Network\u2014a Cardtronics affiliate and operator of the world&#8217;s largest surcharge-free ATM network\u2014into Canada earlier this year.<\/p>\n<p><strong>About Cardtronics &#8211; CATM<\/strong><\/p>\n<p>Making ATM cash access convenient where people shop, work and live their lives, Cardtronics (CATM) is at the convergence of retailers, financial institutions, prepaid card programs and the customers they share. CATM owns\/operates more than 62,800 retail ATMs in U.S. and international locales. Whether CATM is driving foot traffic for America&#8217;s most relevant retailers, enhancing ATM brand presence for card issuers or expanding card holders&#8217; surcharge-free cash access on the local, national or global scene, CATM<em> <\/em>is convenient access to cash, when and where consumers need it.<\/p>\n<div class=\"nr_clear\"><\/div>\n<div id=\"nrelate_popular_2\" class=\"nrelate nrelate_popular nrelate_default nr_1col nr_text\"><\/div>\n<p>\t<!--[if IE 6]>\n\t\t<script type=\"text\/javascript\">jQuery('.nrelate_default').removeClass('nrelate_default');<\/script>\n\t<![endif]--><\/p>\n<p>\t<script type=\"text\/javascript\">\n\t\/* <![CDATA[ *\/\n\t\tnRelate.domain = \"www2.thestockmarketwatch.com%2Fstock-market-news\";\n\t\tvar entity_decoded_nr_mp_url = jQuery('<span\/>').html(\"https:\/\/web.archive.org\/web\/20121214091405\/http:\/\/api.nrelate.com\/mpw_wp\/0.51.2\/?tag=nrelate_popular&domain=www2.thestockmarketwatch.com%2Fstock-market-news&url=http%3A%2F%2Fwww2.thestockmarketwatch.com%2Fstock-market-news%2Fcardtronics-canada-catm-acquires-can-do-cash%2F38774&nr_div_number=2&maxageposts=7200&increment=1\").text();\n\t\tnRelate.getNrelatePosts(entity_decoded_nr_mp_url);\n\t\/* ]]&gt; *\/\n\t<\/script>\n\n\n<div class=\"nr_clear\"><\/div>\n\n\n\n\n<!-- AddThis Button BEGIN -->\n\n\n<div class=\"addthis_toolbox addthis_default_style addthis_32x32_style\">\n<a class=\"addthis_button_preferred_1\"><\/a>\n<a class=\"addthis_button_preferred_2\"><\/a>\n<a class=\"addthis_button_preferred_3\"><\/a>\n<a class=\"addthis_button_preferred_4\"><\/a>\n<a class=\"addthis_button_compact\"><\/a>\n<a class=\"addthis_counter addthis_bubble_style\"><\/a>\n<\/div>\n\n\n<script type=\"text\/javascript\">var addthis_config = {\"data_track_addressbar\":true};<\/script>\n<script type=\"text\/javascript\" src=\"http:\/\/s7.addthis.com\/js\/250\/addthis_widget.js#pubid=pennystocksfinder\"><\/script>\n<!-- AddThis Button END -->\n\n\n\n\n<p>More Posts by this author<\/p>\n\n\n\n<ul>\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/adobe-reports-q4-results-adbe\/38895\">\nAdobe Reports Q4 Results (ADBE)<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/gold-prices-slump-impasse-in-washington-feds-new-policy-statement-weighing-on-sentiment\/38894\">\nGold Prices Slump, Impasse in Washington, Fed\u2019s New Policy Statement Weighing on Sentiment<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/market-update-after-hours-december-13\/38892\">\nMarket Update After Hours December 13<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-fall-sharply-on-fiscal-cliff-worries\/38873\">\nStocks Fall Sharply on Fiscal Cliff Worries<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/gold-prices-fall-sharply-silver-prices-also-tumble-5\/38872\">\nGold Prices Fall Sharply; Silver Prices also Tumble<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-headed-for-a-lower-finish-49\/38871\">\nStocks Headed for a Lower Finish<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/southcross-energy-partners-sxe-q3-results-and-2013-guidance\/38862\">\nSouthcross Energy Partners &#8211; SXE &#8211; Q3 Results and 2013 Guidance<\/a><\/li>\n\n\n\n<\/ul>\n\n\n\n\n\n\n<hr>\n\n\n\n\n\n<table style=\"border:none;margin:0;\">\n\n\n<tr>\n\n\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/web.archive.org\/web\/20121214091405im_\/http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/wp-content\/uploads\/userphoto\/5.jpg\" alt=\"edliston\" width=\"125\" height=\"125\" class=\"photo\"><\/td>\n\n\n\n\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n\n\n<div style=\"font-size:11pt;\"><b>Post Written By: Ed Liston <\/b><\/div>\n\n\n\n\n<div style=\"font-size:10pt;\">\n\nEd Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.\n<\/div>\n\n\n<\/td>\n\n<\/tr>\n\n<\/table>\n\n\n\n\n\n\n<script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"pub-1408583772585547\";\n\/* 336x280, created 7\/9\/11 *\/\ngoogle_ad_slot = \"3552319058\";\ngoogle_ad_width = 336;\ngoogle_ad_height = 280;\n\/\/-->\n<\/script>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script>\n\n\t\t\t\t\t\t\n\n\t\n\n<div style=\"margin:5px;margin-bottom:20px;font-size:11pt;\">&laquo; <a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/\">Return to Stock Market News<\/a> &laquo; <\/div>\n\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nasdaq:CATM) announced that its wholly-owned subsidiary, Cardtronics Canada, Ltd., has acquired Can-Do-Cash, Ltd., a privately held ATM services company headquartered 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