Ranger American’s SAfeTM LLC subsidiary acquires Sky Processing’s assets

San Juan, PR (August 16, 2019) SAfeTM LLC, an affiliate of Ranger American Armored Services Inc., today announced its acquisition of Puerto Rico assets operated by Sky Processing. The transaction makes SAfeTM the largest ATM operator in Puerto Rico.

“This acquisition allows us to offer our current and future clients additional value-added products and services that complement our cash management and processing divisions.  The expansion of our ATM business increases our presence throughout the Island and reaffirms our commitment to continuously find ways to further service our customers and community,” said Juan Bravo, President and CEO of SAfeTM and Ranger American.

“Ranger has been an incredibly valued and loyal partner to Sky Processing for many years and will continue to take great care of all of our customers,” said Brad Zerman, President of Sky Processing, who will be retiring from the ATM industry to pursue other businesses. “I will forever cherish all of the friends I have made in the ATM industry and in Puerto Rico, and look forward to continued friendships and visits to the region.”

Isaac Wechter, Sky Processing’s longtime Vice President and General Manager for Puerto Rico, will now assume the role of VP Business Development of SAfeTM.  Sky’s other staff will be retained by SAafeTM.  “With Ranger, we look forward to offering the same great service to all of our customers as well as a wide range of additional valuable offerings,” said Isaac Wechter.

Boston-based Tremont Capital Group, Inc., a firm that specializes in providing strategy consulting and merger & acquisition advisory services to the ATM industry, advised the seller in the transaction and facilitated the deal. “This transaction was a phenomenal fit and outcome for both the Sky and Ranger teams, and their customers,” said Sam M. Ditzion, CEO of Tremont Capital Group. 

Financial terms of the agreement and other details were not disclosed.

About SafeTM/Ranger American

SAfeTM is part of the Ranger American family of companies and acts as an ATM operator and registered ISO. Founded in 1982 and headquartered in San Juan, Puerto Rico, Ranger American is a diversified security and logistics organization with an extensive background in the security and investigation fields. Its management is comprised of highly qualified security and operational professionals with broad expertise in their specific disciplines.

SAfeTM, in conjunction with its sister companies, is a full service ATM provider. All of its operations including armored transport, vault cash, technical services, and all other support functions and are performed 100% in-house.

About Sky Processing

Founded in 1998, Sky Processing provides ATM processing services to merchant locations and is the largest ATM operator in Puerto Rico.

About Tremont Capital Group

Tremont Capital Group is the leading provider of business strategy consulting and merger & acquisition advisory services to the ATM industry.