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Paramount Acquires Cypress Advantage

Feb 12, 2024•almost 2 years ago

Acquiring Company

Paramount Management Group

Acquired Company

Cypress Advantage

Lancaster CountyWashington

Description

Paramount Management Group has announced its strategic partnership with Cypress Advantage, an independent ATM service provider based in Washington. This acquisition expands Paramount's ATM network by 7,500 machines, enhancing the company's service capacity and buying power. The partnership aims to provide enhanced support and access to a wider range of products and services for ATM deployers, further strengthening Paramount's position in the industry.

Company Information

Company

Paramount Management Group

Location

Lancaster County, Pennsylvania, United States

About

Paramount Management Group is a leading ATM deployer and service provider, known for its vast network and full-service support for ATM deployers. With the acquisition of Cypress Advantage, Paramount expands its ATM footprint by adding 7,500 additional machines to its network, enabling the company to offer enhanced services and buying power to smaller ATM deployers across the US.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed