Cardtronics Inc. (Nasdaq: CATM) is set to buy Welch ATM for $160 million, expanding the ATM provider with an additional 26,000 kiosks.

The transaction marks an exit for private equity firm Rock Island Capital, which purchased Welch in 2010 for an undisclosed price.  The Oakbrook, Illinois-based private equity firm hired Chicago investment bank William Blair & Co. LLC in April to look for a buyer for Welch. 

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