Company Description

B&B Music & Video (“B&B”) has been successfully operating a coin-operated entertainment business since 1957. B&B is also a leading operator of ATMs and Bitcoin ATMs in the Greater Cleveland area market.

Services Provided

MelCap Partners served as B&B’s exclusive investment banker and financial advisor in the sale of the ATM and Bitcoin divisions (“Divisions”). We’d like to thank the Shareholders at B&B, Evan and Greg Brown, as well as Jordan Brown, for hiring MelCap Partners to represent them in this important transaction. It was an honor and pleasure to work with them through this exciting process.

The Result

In an effort to provide the Shareholders with liquidity, and to continue to support the Divisions’ strategic growth plans, MelCap was able to successfully identify the most logical buyer for the Divisions. As a result, the ATM and Bitcoin Divisions were sold to Payment Alliance International (“PAI”), headquartered in Louisville, KY. PAI is the nation’s largest, privately-held provider of ATM portfolio management tools and services, including transaction processing, bank sponsorships, maintenance, cash in transit servicing and PAI Reports for more than 100,000 ATMs. This acquisition brings over 580 company owned ATMs to PAI, along with 120 merchant owned sites. In addition, the acquisition of B&B’s ATM portfolio also adds 20 Bitcoin terminals. Partnering with PAI will create the perfect opportunity for continued growth and success for these Divisions.

Deal Team

We would also like to thank the deal teams for both sides that worked on this transaction. We could not have completed this transaction without your tireless efforts. More specifically, we’d like to thank the following firms: Gross & Gross, LLC, The Oswald Companies, and Greathouse Holloway McFadden Trachtenberg PLLC.

“MelCap identified potential strategic and non-strategic buyers that would be the best candidates to achieve our desired outcome. They took the lead on all the steps in the deal-making process and constantly discussed key points with us along the way. MelCap was involved in the entire process from the APA and post-closing decisions to ensure a smooth and successful transition. Highly recommended and trustworthy.”

Evan Brown and Greg Brown

President and Vice President of B&B