Prineta Acquires Portfolio of ATMs in Coastal South Texas

12/30/17

Prineta purchased a portfolio of ATMs in Corpus Christi and Coastal South Texas – significantly expanding the Prineta ATM territory in Texas. In their third acquisition this year, the Prineta service area in Texas has widened from San Antonio, Houston, and Dallas, to the entire southern coast of Texas.

Prineta continues to pursue growth through acquisition and invest in expanding ATM operations while keeping local jobs - bringing an efficient and stable source for steady cash flow to the local economy as the need for cash continues despite growth in electronic and mobile payments. The convenience of ATMs is vital to Texas as many consumers still prefer cash or need cash on occasion.

"Cash is not dead – and neither is the ATM machine," said Tanner Morton, Managing Partner at Prineta. "Surprisingly, we have seen average ATM transaction volume actually increase the last two quarters compared to the same quarters in years prior."

Prineta continues to seek new locations for expansion and now the Coastal South Texas ATM servicing area covers approximately 17K square miles from Galveston to Padre and Corpus Christi. Prineta is committed to serving the hospitality and tourism industry of Texas while providing excellent service and fast access to cash for hotels, markets, resorts and other places that need an ATM machine.

All Prineta ATMs are EMV upgraded and ADA compliant. Additionally, Prineta recognizes the diverse population of Texas and offers full service in both English and Spanish #ATMinEspañol.

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