Lovell Minnick to acquire Merchant Industry.

Lovell Minnick, a private equity firm, agreed to acquire Merchant Industry, a fintech company. Financial terms were not disclosed. “LMP is the right partner for us as we enter this transformational phase where the business matures and scales beyond its current capabilities. LMP possess extensive institutional knowledge, an impeccable reputation, and a 25-year history of achieving results across the businesses they have invested in. The blending of capital, their comprehensive understanding of our business, and the newly assembled executive leadership team led by Vaden made this partnership the obvious choice for my partners and me as we continue our ascent to the top of the fintech mountain,” Leo Vartanov, Merchant Industry Co-Founder.