Paramount Management Group announced today it has acquired the assets of B&B Financial Services, a Maryland-based independent ATM deployer. The acquisition adds another 1,500 units to the Paramount network of retail and financial institution ATMs, further expanding their footprint on the East Coast of the United States.
B&B Financial is a privately owned company that has been a leader in the ATM industry for close to 20 years. The company brings to Paramount a variety of local and nationally well-known brands across different industry sectors.
Tony Braglio, founder of B&B Financial, will join the Paramount Management Group family of companies as a Director of Business Development.
“We are thrilled to welcome B&B and Tony to the Paramount team,” said Maya Fuentes, Paramount Senior Vice President of Business of Development. “The management team is impressed with what Tony has been able to do over the past two decades, his entrepreneurial spirit and his expertise with ATMs, cash management and new technologies.”
“This is an exciting time in the ATM industry with technology changing so quickly and additional opportunities coming to market,” Braglio said. “I saw this partnership opportunity as an ideal way to help Paramount grow, while obtaining the capital to enhance my own company to be able to provide expanded services and the latest technology to my customers.”
“Partnering with entrepreneurs like Tony will benefit both companies, by allowing us to capitalize on the additional opportunities and expand the services we offer,” Fuentes said. “We look forward to combining our strengths to serve our existing customers and unlock new business opportunities.”
ABOUT PARAMOUNT MANAGEMENT GROUP, LLC — A national leader in implementing solutions incorporating technology allowing consumers, retailers and financial institutions to interact with each other. Paramount’s services include the placement and operation of ATMs, digital media solutions and other value-added products and services at the ATM. The company’s Sharenet division specializes in providing ATM outsourcing solutions to financial institutions. Visit paramountmgp.com to learn more. To inquire about acquisition, contact Maya Fuentes by email or by phone at (973) 216-8560.
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