Tuesday, April 29, 2008

Pyramid Technologies Sold To Private Equity Investor

Mesa, Arizona-based Pyramid Technologies, a manufacturer of bill acceptors and currency validation equipment, has beena cquired by private equity investors Hanover Partners. Financial terms were not disclosed. According to GW Equity, which represented the firm in the sale, Pyramid Technologies' owners will retain a stake in the company. Pyramid's products are used for vending machines and other machines for accepting paper currency.