Golden Eagle Leasing bought for $30M

Golden Eagle Leasing Inc., a Ridgefield company that leases credit card transaction equipment, was recently bought by a New York City competitor, Northern Leasing Systems Inc., for $30 million, according to statements released by both companies.

The company was a wholly owned subsidiary of Hypercom

"This transaction is consistent with our previously stated strategy of focusing our efforts and concentrating our resources on those products and services most valued by our customers in our core electronic payment and transaction processing business," said Chris Alexander, Hypercom chairman and chief executive officer.

Structured as an asset purchase agreement, Northern Leasing paid Hypercom $30 million in cash for all of Golden Eagle's assets, exclusive of cash, and additionally assumed the company's related liabilities.