GreenBox POS Acquires Northeast Merchant Services
May 25, 2021
GreenBox POS (NASDAQ: GBOX) has acquired Northeast Merchant Services for $2.5 million in cash plus a $0.5 million earn-out, adding over 700 retail merchant accounts to GreenBox's payments platform. The deal preserves existing BIN sponsorship by Merrick Bank and continued access to First Data's processing platform, accelerating GreenBox's build-out of a retail merchant portfolio in New England and upstate New York.
- Buyers
- GreenBox POS
- Targets
- Northeast Merchant Services, Inc.
- Industry
- Payments & Fintech
- Location
- Massachusetts, United States
- Transaction Type
- Buyout
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