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.
Location
Massachusetts, United States
Transaction Type
Buyout

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