Blackhawk Network completed the acquisition of NGC from LaSalle Capital.

Blackhawk Network, a provider of prepaid and financial payments products for consumers and businesses, competed the acquisition of NGC, a company providing management consulting services, from LaSalle Capital, a private equity firm. Financial terms were not disclosed. "Blackhawk has long been a leader in the gift card and incentives industry and has been a long-standing partner of NGC. Together, we drove almost $3bn in gift cards and prepaid products for loyalty, rewards, and employee recognition programs in 2019 alone. Now, as an official part of the Blackhawk team, we can expand upon the continued growth of NGC, Blackhawk and the prepaid industry overall and are excited to drive further value for both NGC's and Blackhawk's clients," Adam Van Witzenburg, NGC CEO.