Reflecting the effects of various acquisitions, Cardtronics Inc. reported a surge in fourth-quarter revenue along with an uptick in expenses.

The Houston-based ATM independent sales organization’s revenues for the quarter ended Dec. 31 were $174.2 million, up 29.3% from $134.7 million a year earlier. Net income attributable to controlling interests rose 1.5%, to $8.15 million from $8.03 million.

Total operating expenses rose 39.7%, to $38.7 million from $27.7 million.

ATM operating revenue rose 24.5%, to $165.1 million from $132.6 million.

Results for the quarter reflect “significant new business” during the fourth quarter, Cardtronics CEO Steve Rathgaber said in a press release. During the quarter, Cardtronics completed deals to acquire Access to Money and Mr. Cash, which established Canadian operations for Cardtronics.

Surcharge revenues rose 20.6%, to $78.6 million from $65.2 million; interchange revenues were up 33.2%, to $54.2 million from $40.7 million. Bank-branding and surcharge-free network revenues totaled $25.5 million, up 18.1% from $21.6 million, while managed services revenues rose 88.2%, to $3.2 million from $1.7 million.

By segment, U.S. revenues totaled $142.4 million, up 33.3% from $106.8 million; United Kingdom Revenues were up 16.4%, to $25.5 million from $21.9 million; and other international revenues rose slightly, to $6.2 million from 6.1 million.

Separately, Cardtronics announced Feb. 2 that Valero Energy Corp. is making the ATM operator its exclusive service provider at Valero convenience stores.

As a part of the deal, Cardtronics is placing more than 950 cash machines at the gasoline retailer's shops. Valero Energy is a unit of Valero Retail Holdings Inc. of San Antonio.

Cardtronics owns or operates roughly 52,800 retail ATMs. Its Allpoint Network provides surcharge-free access to the customers of member banks.

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