Paramount Management Group Acquires New Jersey-Based CAI ATMs
Paramount has acquired CAI ATMs. CAI owns and operates a network of thousands of ATMs throughout New Jersey, New York, Connecticut and other parts of the country.
Founded in 1994 by Steve Rindner, CAI was one of the first independent ATM deployers in the Northeast. Rindner has agreed to stay on-board to help manage the integration of the company and continue to grow CAI with the new solutions available to Paramount customers such as digital media, gift cards, pre-paid cellular, money transfer, bill pay, crypto-currency and ATM outsourcing.
"We are very excited to complete this acquisition,"
"After growing CAI for 25 years, we were looking to partner with an organization that has a clear vision of where the industry is heading and is quickly adopting to new trends in payments and consumer behavior. Paramount was the ideal choice," said Rindner. "We are excited about all the solutions Paramount is coming to market with and to entering a new phase in the ATM industry ‒ one that focuses more on the customer interaction than with the ATM machine itself."
Rindner continues, "CAI has built a solid reputation by providing excellent ATM services to our customers. The partnership with Paramount provides us with the capital and resources needed to further expand the products and services our customers have been asking for; products that will take them to the next level and differentiate them from the competition."
ABOUT PARAMOUNT MANAGEMENT GROUP, LLC — A national leader in implementing solutions incorporating technology allowing consumers, retailers and financial institutions to interact with each other, Paramount's services include the placement and operation of ATMs, digital media solutions and meeting consumer needs by providing bill pay, money remittance, gift card dispensing, among other services at the ATM. Visit www.paramountmgp.com to learn more. To inquire about acquisition, contact Dan Gardner, Jr. by email or by phone at (610) 613-2691.
Paramount Chief Development & Marketing Officer