 | |
| Formerly | Coinstar, Inc. (1991-2013) Outerwall, Inc. (2013-2017) |
|---|---|
| Company type | Private |
| Industry | Entertainment, DVD rental, coin counting machines, mobile product recycling |
| Founded | February 1991 (as Coinstar, Inc.) Bellevue, Washington, US. |
| Founders | Jens Molbak, Aaron Finch, Dan Gerrity[1] |
| Headquarters | Bellevue, Washington , US. |
Area served | North America, Europe |
Key people | |
| Services | Coin counting services E-payment services |
| Revenue | US$ 1.85 billion (2011)[3] |
| US$209 million (2011) | |
| US$104 million (2011) | |
| Total assets | US$1.48 billion (2011) |
| Total equity | US$531 million (2011) |
| Owner | Apollo Global Management (2016–present) |
Number of employees | 400+ (2020)[4] |
| Parent | Apollo Global Management |
Coinstar, LLC (formerly Outerwall, Inc.) is an American company operating coin-cashing machines.
Coinstar's focus is the conversion of loose change into paper currency, donations, and gift cards via coin counter kiosks which deduct a fee for conversion of coins to banknotes; it processes $2.7 billion worth of coins annually as of 2019[update].[2] The company also operates Coinstar Exchange for gift cards. Coinstar's kiosks are in the front of stores (between the cash registers and the exit/entrance). The company has more than 60,000 kiosks offering a variety of services in the US, UK, Canada, Puerto Rico, Mexico, and the Eurozone. Coinstar also produces machines that provide prepaid credit cards and e-payment kiosks.
On July 2, 2013, Coinstar changed its name to Outerwall and started trading on the NASDAQ as OUTR.[5]
On September 27, 2016, Apollo Global Management, LLC acquired Outerwall, Inc. and de-listed from NASDAQ. After the acquisition, former components of Outerwall—Redbox, Coinstar, and ecoATM (which includes Gazelle)—became separate business entities.[6][7]
- ^ "All Business interviews Coinstar founder". Retrieved 2009-12-09.
- ^ a b Smialek, Jeanne; Rappeport, Alan (June 25, 2020). "A Penny for Your Thoughts Could Be a Lot Harder to Find". The New York Times. Retrieved 26 June 2020.
- ^ "US SEC Form 10-K". Retrieved 2012-02-11.
- ^ "!company_name! - Company Profile from Hoover's".
- ^ "Outerwall To Celebrate Its New Name, Ticker And Logo At The NASDAQ Stock Market". Retrieved Oct 3, 2013.
- ^ "EX-99.2 Outerwall Inc. Announces Completion of Acquisition by Certain Funds Managed by Affiliates of Apollo Global Management, LLC". www.sec.gov. Retrieved 2022-06-01.
- ^ Spangler, Todd (Sep 28, 2016). "Outerwall Boots CEO, Names New Redbox Chief in Closing Deal to Go Private". Retrieved May 28, 2020.