HOUSTON, July 30, 2015 (GLOBE NEWSWIRE) -- Cardtronics, Inc. (Nasdaq:CATM) announced today it has entered into a new, long-term agreement with Speedway LLC, the nation's second largest company-owned and -operated convenience store chain. Cardtronics is the world's largest retail ATM owner / operator.
The renewal agreement covers a footprint of approximately 2,750 stores located in 22 Midwest, East Coast and Southeast states. Cardtronics also has expansion rights to operate ATMs for Speedway in its future store locations.
David Dove, president, North American Business Group, Cardtronics, said:
"Cardtronics' renewal with Speedway is in fact two renewals wrapped into one. At the end of 2014, Speedway closed its acquisition of Hess' convenience store operations, a longtime Cardtronics client. With this renewal agreement we've secured our existing business and are poised to activate value-added traffic driving and traffic-to-buyer conversion tools for the benefit of our client and their customers."
About Speedway, LLC
Speedway LLC (Speedway), headquartered in Enon, Ohio, is the nation's second largest company-owned and -operated convenience store chain with approximately 2,750 stores located in 22 states. Speedway is a wholly owned subsidiary of Marathon Petroleum Corporation (NYSE:MPC).
About Cardtronics (NASDAQ:CATM)
Making ATM cash access convenient where people shop, work and live, Cardtronics is at the convergence of retailers, financial institutions, prepaid card programs and the customers they share. Cardtronics owns/operates more than 111,500 retail ATMs in U.S. and international locales. Whether Cardtronics is driving foot traffic for America's most relevant retailers, enhancing ATM brand presence for card issuers or expanding card holders' surcharge-free cash access on the local, national or global scene, Cardtronics is convenient access to cash, when and where consumers need it. Cardtronics is where cash meets commerce.
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