Skyview Capital Completes Strategic Sale of TRM to Marlin Equity Partners
BEVERLY HILLS, Calif., June 20, 2012 /PRNewswire/ -- Skyview Capital, LLC, a privately held investment firm headquartered in Beverly Hills, CA, announced today the successful sale of TRM Copy Centers, LLC, and its subsidiary, Solvport LLC, to Burroughs Payment Systems, a portfolio company of Marlin Equity Partners. TRM is the largest nationwide provider of self-service retail copy centers, while Solvport is a leading nationwide ATM and Kiosk outsourced services provider.
Skyview acquired TRM's US Photocopier business from TRM Corporation in January of 2007. TRM Copy Centers is the largest retail-based photocopy services company in the country, providing convenience-copying services in retail environments.
Solvport, acquired by TRM Copy Centers in 2008, is one of the leaders in the outsourced, off-premise ATM & Kiosk services industry, providing field technical service, installation, help desk services, real-time monitoring, project management, and parts and supplies. The acquisition of Solvport leveraged TRM Copy Centers' sophisticated field service infrastructure and nationwide base of talented and trained service engineers to the off-premise ATM & kiosk services industry.
Alex Soltani, Chairman and CEO of Skyview Capital, LLC, stated: "We are very pleased with the outcome of this transaction. As TRM was one of our earlier investments and with the execution of disciplined business strategies by a strong management team, it proved to be very successful. TRM and Burroughs present a highly complementary fit that will be of great benefit to both employees and customers alike. We wish the combined business further success in the future."
About TRM Copy Centers, LLC
TRM Copy Centers, LLC is the leading nationwide provider of self-service convenience photocopy services in the retail environment. TRM Copy Centers operates more than 14,000 copy centers throughout the United States, and supports some of the country's largest and most successful retailers including grocery, convenience and drug store chains as well as thousands of independently owned businesses. For further information, please visit www.trmcopycenters.com
About Solvport, LLC
Solvport, LLC is a national leader in the outsourced, off-premise ATM & Kiosks services industry, providing help desk technical support, field service, real-time monitoring, and project management for over 120,000 locations nationwide. Their customers include leaders in the ATM Independent Sales Organization (ISO) industry as well as some leading companies serving the financial institutions market. For further information, please visit www.solvport.com
About Skyview Capital, LLC
Skyview Capital, LLC, is a private investment firm headquartered in Beverly Hills, California, which specializes in the acquisition and continuous management of "systems - critical" enterprises in the areas of technology, telecommunications, business services, and niche manufacturing. By leveraging its operational capabilities and financial acumen, Skyview systematically enhances the long-term sustainable value of the businesses it acquires. To date, Skyview has successfully completed over 15 transactions within its target market verticals. For further information, please visit www.skyviewcapital.com
About Marlin Equity Partners
Marlin Equity Partners is a Los Angeles, California-based private investment firm with over $1 billion of capital under management.The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. Marlin invests in businesses across multiple industries that are in the process of undergoing varying degrees of operational, financial or market-driven change where its capital base, industry relationships and extensive network of operational resources significantly strengthens a company's outlook and enhances value. Since its inception, Marlin, through its group of funds and related companies, has successfully completed over 55 acquisitions. For further information, please visit www.marlinequity.com.
SOURCE Skyview Capital, LLC
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