Cleveland private equity firm CapitalWorks acquired majority ownership of Republic, Missouri-based banking technology services provider Bancsource, Inc.
The amount of the deal was not disclosed.
CapitalWorks will help the company continue to grow operations.
Led by Chairman Tom Black and President Walt Wasyliw, who have led the company for 12 years and will continue to be actively involved in their roles and with CapitalWorks principals in this next phase, Bancsource provides maintenance services and sales of cash cycle equipment including ATMs, smart safes, scanners and other equipment for financial institutions and retailers nationwide.
The company is the largest ATM and branch automation reseller for Nautilus Hyosung and sorter technologies reseller for NCR.
FinSMEs
05/04/2015