Under terms of the deal, Bosselman will own and maintain the 24 ATMs, which are being purchased from Cardtronics, while Cardtronics will provide ATM Managed Services, including transaction processing, through its company-owned processing network.
"Providing cash to our Pump & Pantry [image-nocss] customers is a valuable service they have come to rely on, so when we took a look at our ATM program we knew we needed to work with a superior ATM operator," said Charlie Bosselman, president of Bosselman. "Cardtronics proved it has the systems, capabilities and experience to operate our ATM program at the highest level."
Rick Updyke, president global development at Cardtronics, said, "Pump & Pantry stores are integral components of the communities they serve, and these heavily trafficked locations are perfect venues for ATMs that will provide Bosselman's many customers with convenient access to cash whenever they need it."
Houston-based Cardtronics is the world's largest nonbank owner of ATMs. It operates more than 33,700 ATMs across its portfolio, with ATMs in every major market in the United States and in Puerto Rico and the U.S. Virgin Islands, approximately 2,800 ATMs throughout the United Kingdom, and more than 2,900 ATMs throughout Mexico. Major merchant clients include 7-Eleven, Chevron, Costco, CVS/pharmacy, ExxonMobil, Hess, Kroger, Rite Aid, Safeway, Target, and Walgreens.
Cardtronics also works with financial institutions of all sizes to provide cash access and deposit capabilities through ATM branding programs, with more than 11,600 Cardtronics-owned and -operated ATMs featuring bank brands. Also, Cardtronics offers surcharge-free access to cash for holders of traditional debit cards as well as stored-value cards issued by financial institutions that participate in the Allpoint Network, Cardtronics' wholly owned surcharge-free ATM network. More recently, Cardtronics started offering a managed services solution to retailers and financial institutions that are looking to outsource some or all of the operational aspects associated with operating and maintaining their ATM fleets.
The Bosselman Family of Cos., headquartered in Grand Island, Neb., owns and operates 42 Pump & Pantry c-stores; three Pump & Pantry motels, one Hampton Inn and two Motel 6 franchises; eight Bosselman Travel Centers; six Grandma Max's Restaurants and a Sam Bass' Saloon & Steakhouse; and 26 Boss Truck Shops. Bosselman Energy encompasses Bosselman Carriers; Bosselman Tank and Trailer; Petroleum Equipment Company; and Bosselman Contractor Services; providing wholesale oil, fuel and propane delivery; truck, tank and trailer repairs; environmental services for the petroleum industry; condominiums and farming.
Bosselman Energy's Renewable Fuel Division, based out of Omaha, is a leader in the wholesale and marketing areas of Fuels including ethanol, natural gasoline, and biodiesel. Founded in 1948, Bosselman's has expanded across the nation in 18 states with more than 1,500 employees.
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