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Grant Victor Seals Growth Funding

2011-08-11
Utah based ATM services company raised funds from Endeavour Capital.
KAYSVILLE, UT, Grant Victor a family of companies that provide ATM services and solutions, is poised for further growth and expansion with the appointment of a new CEO and by successfully acquiring capital investment.

The company recently appointed David D. Charles as Chief Executive Officer. Mr. Charles has over 30 years of management and executive level experience. In 1999, Mr. Charles founded Red Hawk Industries, a national provider of equipment and services to financial institutions. During 2006, Red Hawk Industries was sold to United Technologies Corporation.

"Grant Victor and its subsidiaries are great companies with excellent track records," said Mr. Charles. "I look forward to continued growth and success. It is a pleasure to be working side-by-side with co-founders Tim and Burt Matthews and our wonderful staff of associates who have worked so hard to make our company what it is today and what it will be in the future."

Additionally, the company recently acquired a capital investment partner, Endeavour Capital, headquartered in Portland, OR. The investment will further facilitate Grant Victor's ability to grow both organically as well as through merger and acquisition opportunities.

"The ATM industry in the U.S. is still highly fragmented," said Tim Matthews, Grant Victor co-founder. "We believe over the next three to five years there will be further consolidation within the industry. We are positioning the company from a leadership and financial standpoint to be able to best capitalize on opportunities as they are presented."

Grant Victor wholly owns three operating companies, ATMequipment.com (www.ATMequipment.com), OptConnect (www.OptConnect.com), and eGlobal (www.eGlobal.com). Grant Victor will launch in the near future a new subsidiary focused exclusively on providing ATM services and solutions to financial institutions.

"We are thrilled that Dave Charles and Endeavour Capital have joined the Grant Victor team," said Burt Matthews, Grant Victor co-founder. "We couldn't be more pleased with the new developments. I'm confident this strategic partnership will be very positive."

About Grant Victor
Kaysville, Utah-based Grant Victor is a private company and one of North America's foremost providers of ATM services and solutions-facilitating the access and convenience of cash to the consumer marketplace.



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