Deluxe Acquires First American Payment Systems for $960M
June 1, 2021
Deluxe Corporation agreed to acquire First American Payment Systems from Ontario Teachers' Pension Plan Board and Stella Point Capital for $960 million in an all-cash transaction. The deal expands Deluxe's merchant acquiring and omnichannel payments capabilities, bringing a large base of SMB merchants and enhanced payments technology into Deluxe's portfolio.
- Buyers
- Deluxe Corporation
- Targets
- First American Payment Systems
- Sellers
- Ontario Teachers' Pension Plan Board, Stella Point Capital
- Industry
- Payments & Fintech
- Location
- Texas, United States
- Transaction Type
- Buyout
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