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Announced

REPAY acquired TriSource Solutions for $65m.

Financials

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Transaction Value£53m
Consideration TypeContingent Deferred Consideration, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Friendly

Diversified Financials

Pending

United States

Private

transaction processing

Acquisition

Single Bidder

Synopsis

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REPAY, a leading provider of vertically-integrated payment solutions, acquired TriSource Solutions, which provides back-end transaction processing services to independent sales organizations, for $65m. The acquisition was financed with a combination of cash on hand and proceeds from borrowings under REPAY’s existing credit facility. “We are excited to join the REPAY team,” said Deborah Brown, COO of TriSource Solutions. “We have partnered with REPAY for many years and believe they will help us to accelerate our processing business growth. We look forward to working alongside the REPAY team to drive long term growth at the combined company.”

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