SWIVEL Transactions (SWBC) Acquires Magic-Wrighter, Inc.

December 5, 2023

SWBC's fintech subsidiary SWIVEL Transactions, LLC has acquired Magic-Wrighter, Inc., a Grand Rapids-based payments and ACH service provider. The acquisition expands SWIVEL's payment capabilities—including dealer funding, direct ACH processing, and K-12 school payment solutions—and broadens its reach into banks, credit unions, merchants, and school districts.

Buyers
SWIVEL Transactions, LLC, SWBC
Targets
Magic-Wrighter, Inc.
Location
Michigan, United States
Transaction Type
Buyout

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