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Announced

Completed

Lovell Minnick Partners completed the acquisition of Fortis Payment Systems.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Friendly

Private

FinTech

Private Equity

payments technology

merchant services

Acquisition

Majority

United States

Completed

Synopsis

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Lovell Minnick Partners, a private equity firm, completed the acquisition of Fortis Payment Systems, a payments technology, and merchant services provider. Financial terms were not disclosed. “Fortis has developed a highly configurable, powerful payments platform with industry-leading technology and security capabilities, supported by superior high touch service. We look forward to supporting CEO Jimmy Nafso and his highly talented team to identify new solutions and channel partners,” Trevor Rich, Lovell Minnick Partner.

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