Audax Private Equity and Lovell Minnick Partners Make Strategic Investment in Fortis

Fortis Acquires SmartPay to Strengthen Embedded Payments Capabilities

June 22, 2023

Payments & Fintech

Fortis, a US-based embedded payments and commerce technology provider, has acquired SmartPay, an embedded payments solution provider with strong ERP and enterprise software relationships. The acquisition will add SmartPay’s team and customer relationships to Fortis and expand its capability to serve software platforms, marketplaces and scaling businesses, coinciding with Fortis’ launch into Canada and new settlement features.

Fortis Acquires Payment Logistics

November 15, 2022

Payments & Fintech

Fortis, a leader in embedded payments for software providers, has acquired Payment Logistics, a payment technology company based in La Jolla, California. The deal expands Fortis' embedded payments partnerships and technology stack, bringing Payment Logistics' team and integrations into Fortis to accelerate capabilities for retail, hospitality and software partners.

Audax Private Equity Invests in Stout

October 28, 2021

Professional Services

Audax Private Equity has agreed to make a minority growth investment in Stout alongside the firm’s employee shareholders, with existing shareholders retaining a meaningful equity stake and management continuing to lead. The capital will support Stout’s future growth initiatives, including pursuing strategic add-on acquisitions; the transaction was expected to close in Q4 2021.

Audax Private Equity Acquires Majority Stake in Flashpoint

July 21, 2021

Cybersecurity

Audax Private Equity acquired a majority stake in Flashpoint, a New York–based provider of actionable threat intelligence and intelligence automation, in July 2021. Terms were not disclosed; Audax said the investment will support Flashpoint’s product development, organic growth and buy‑and‑build/inorganic expansion to broaden its cyber intelligence capabilities and customer reach across commercial and government markets.

Lovell Minnick Partners Makes Strategic Investment in Valor PayTech

October 6, 2025

Payments & Fintech

Funds managed by Lovell Minnick Partners have made a strategic growth investment in Valor PayTech, the point-of-sale software and payment technology provider. Valor will remain led by CEO Eric Bernstein and will use the capital and LMP's operational support to scale operations, accelerate innovation, and pursue strategic investments and acquisitions.

Fortis Acquires MerchantE's NetSuite Payments Division

July 24, 2024

Payments & Fintech

Fortis has acquired MerchantE's NetSuite payments division, adding legacy NetSuite-integrated payment capabilities to its embedded payments platform. The deal strengthens Fortis' leadership in embedded ERP payments and continues MerchantE's two-decade legacy supporting the NetSuite ecosystem.