Payments processing company eGlobal LLC has acquired the assets of The Best There Is Inc., a provider of ATM services in Boca Raton, Fla.

The two companies have previously worked together on contracts for hospitality clients.  They did not disclose the price of the deal, which closed on May 5.

"Bringing these contracts into a direct relationship with eGlobal makes a lot of sense to us and our clients," says Melanie Orozco, general manager and executive vice president of eGlobal, in a May 9 press release.

Kaysville, Utah-based eGlobal is a unit of Grant Victor LLC, a group of companies that provide ATM services throughout North America.

The next target within the ATM sector could be Welch ATM, a Peoria, Ill.-based independent automated teller machine company that is currently rumored to be for sale.

Anthony Noto contributed to this report.

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