Dolphin Debit, the full-service ATM management company, has acquired longtime competitor Outsource ATM and has added Outsource’s scores of clients and managed ATMs to its national footprint. The acquisition was finalized last week after several months of discussions between Dolphin Debit and Cypress, Texas-based Outsource. All of the Outsource clients, primarily credit unions and banks in Texas and Louisiana, have been transitioned to Dolphin Debit.
With the acquisition, privately held Dolphin Debit adds another 65 financial institutions to its client base, furthering its position as the leading pure play ATM outsourcing provider to credit unions and banks.
“Our two companies had many similarities, so this has been a seamless transition for both companies and for our new clients,” said Gary Walston, co-founder of Dolphin Debit. “As a larger company, we can offer vast resources in the form of people, expertise, and technical capabilities to the clients that we have inherited from Outsource.”
Troy LeBlanc, president of Outsource ATM, will now concentrate on leading a separate operation he owns, Outsource Technology, which provides ATM maintenance and service.
“I have known and interacted with the people at Dolphin Debit for almost 20 years,” LeBlanc said. “I know that the valued clients that we have worked with for years will be in good hands with Dolphin.”
“The Dolphin Debit story is one of consistent organic growth, and this acquisition adds to that pace,” Walston noted. “We are seeing even stronger growth in the past couple of years as more and more credit unions and banks are deciding that outsourcing their ATM fleets is the best strategy in light of continuing regulatory changes as well as next year’s switch to the Windows 10 operating system.”Dolphin Debit, headquartered in Houston, was founded in 2005 and operates ATMs for hundreds of financial institutions from coast to coast.