Acrisure completed the acquisition of payroll business from Global Payments for $1.1bn.

Acrisure, a financial technology and insurance company, completed the acquisition of payroll business from Global Payments, an electronic transaction processing, information systems and services provider, for $1.1bn. “Closing the sale of our Payroll business is another important step in refocusing our strategy and simplifying our business. We are pleased to have delivered $500m of additional shareholder returns through the accelerated share repurchase program we announced in August in connection with this transaction. This repurchase activity is incremental to the $7.5bn of capital returns we are targeting between 2025 and 2027,” Cameron Bready, Global Payments CEO.