LOS ANGELES, July 7, 2010 – Marlin Equity Partners (“Marlin”) is pleased to announce that it has acquired select Flying J, Inc. ATM assets and customer contracts from Pilot Travel Centers LLC (“Pilot”). The acquired assets will be integrated with FCTI, a Marlin portfolio company, expanding FCTI’s presence in the high volume truck stop market and strengthening its position as one of the largest independent ATM owners in the United States.
Gabriel Frem, FCTI’s founder, commented, “We have had a successful relationship with Pilot since 1999 and we expect to continue growing our business together in the future. With this acquisition, FCTI has solidified its position with every major truck stop chain in the U.S. and has significantly expanded its ATM deployment in Canada.” Fred Wich, FCTI’s President and CEO, added, “Pilot is now the undisputed leader in the trucking industry and our growing relationship has significant economic and strategic benefits to FCTI. We look forward to providing Pilot with excellent service and support.”
“This acquisition is a key addition to FCTI’s ATM portfolio and further reinforces its position as a leader in the ATM market,” stated Andy Martinez, a Principal at Marlin. “This transaction exhibits our continued commitment to supporting FCTI’s growth. With Marlin’s backing, FCTI has completed two strategic add-on acquisitions during the last nine months.”
About Marlin Equity Partners
Marlin Equity Partners is a Los Angeles, California-based private investment firm with over $1 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. Marlin invests in businesses across multiple industries that are in the process of undergoing varying degrees of operational, financial or market-driven change where its capital base, industry relationships and extensive network of operational resources significantly strengthens a company’s outlook and enhances value. Since its inception, Marlin, through its group of funds and related companies, has successfully completed over 35 acquisitions. For more information, please visit www.marlinequity.com.
About FCTI
FCTI is one of the largest independent owners of ATMs in the United States. With extensive operations throughout the U.S., FCTI caters to enterprise-level customers in banking, hospitality, entertainment, trucking and retail. Headquartered in Los Angeles, FCTI is known for providing its customers with excellence in service and support, especially in optimizing all logistical aspects of ATM ownership, including maintenance, cash management, equipment installation and de-installation, software customization, process management automation, and custom reporting. For more information, please visit www.fcti.net.
For additional information, please contact Peter Spasov at (310) 364-0100 or via e-mail at pspasov@marlinequity.com.