Tonka Bay Acquires NuSource Financial
Minnetonka-based investment firm Tonka Bay acquired NuSource Financial on Monday. The Eden Prairie-based company provides ATMs and related services to banks.
Tonka Bay says it acquires “growth-oriented companies” in the advanced manufacturing, value-added distribution and business services sectors.
“We are very excited to be investing in NuSource,” Sahen Slominski, principal of Tonka Bay and a NuSource board member, said in a statement. “We look forward to working together to take advantage of various growth opportunities ahead of us.”
NuSource claims to be the fastest-growing ATM provider in the Midwest and the largest privately owned ATM company in the country. It was founded in 1999 and currently has 85 employees.