Fiserv Acquires Pineapple Payments from PSG
March 31, 2021
Fiserv has signed a definitive agreement to acquire Pineapple Payments, a Pittsburgh-based payments technology provider, from growth equity firm PSG. The deal will bring Pineapple into Fiserv's Global Business Solutions division (Partner Solutions unit) to expand Fiserv's delivery of omni-channel payment solutions and broaden distribution to ISVs and SMB merchants; the transaction is expected to close in Q2 2021.
- Buyers
- Fiserv, Inc.
- Targets
- Pineapple Payments
- Sellers
- PSG
- Industry
- Payments & Fintech
- Location
- Pennsylvania, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
Fiserv Acquires Pinch Payments
April 8, 2025
Payments & Fintech
Fiserv has acquired Pinch Payments, an Australian payment facilitator and PayFac enablement platform, to strengthen its payment orchestration and PayFac capabilities in the APAC region. Pinch, founded in 2017 and serving roughly 2,000 merchants across Australia and New Zealand, will be integrated into Fiserv’s ecosystem to accelerate go-to-market and expand local merchant solutions including cloud-based offerings like Clover.
-
Fiserv Completes Acquisition of Payfare
March 3, 2025
Payments & Fintech
Fiserv (via an affiliate, 1517452 B.C. Ltd.) has completed its previously announced acquisition of Payfare under a British Columbia plan of arrangement. The deal was designed to complement Fiserv’s embedded finance solutions with Payfare’s card program management and microservices orchestration capabilities.
-
PSG Makes Growth Investment in Fidelity Payment Services; H.I.G. Growth Partners Remains Minority
July 19, 2022
Payments & Fintech
PSG (Providence Strategic Growth) has made a strategic growth equity investment in Fidelity Payment Services, the operator of the Cardknox omni-channel payments platform. Existing investor H.I.G. Growth Partners sold its majority stake but coinvested in the deal and will remain a minority shareholder; proceeds will support Fidelity's go-to-market acceleration and M&A plans.
-
Communications Systems, Inc. Merges with Pineapple Energy LLC to Form Pineapple Holdings, Inc.
March 28, 2022
Energy
Communications Systems, Inc. (CSI) entered into and then completed a merger with Pineapple Energy LLC (Pineapple), with CSI renamed “Pineapple Holdings, Inc.” and trading under the Nasdaq ticker “PEGY.” The transaction positions the combined company for residential solar, battery storage, and energy management growth and is structured to deliver value to CSI shareholders through dividends and contingent value rights (CVRs) tied to proceeds from CSI’s legacy assets.
-
FIS Acquires Payrix from PSG and Blue Star Innovation Partners
February 13, 2022
Payments & Fintech
FIS has acquired Payrix, an embedded payments fintech that enables SaaS platforms to embed payments and financial services for SMB merchants. Payrix was sold by an investor group led by PSG (Providence Strategic Growth) and Blue Star Innovation Partners; terms were not disclosed. The deal expands FIS's embedded payments, onboarding and automated underwriting capabilities to accelerate its e-commerce and platform offerings for SMBs.
-
Pineapple Payments Acquires 1st Payment Systems
January 15, 2021
Payments & Fintech
Pineapple Payments, a Pittsburgh-based payments technology company, acquired Roswell, Georgia-based 1st Payment Systems to expand its direct sales reach and deepen partnerships with associations and Integrated Software Vendors (ISVs). The deal brings 1st Payment's vertical-focused sales capabilities into Pineapple's Transax platform to pursue more ISV and association channel growth; terms were not disclosed.
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.