Chicago Growth Partners and Trident Capital Acquire Controlling Interest in 2Checkout

Billtrust Acquires Order2Cash

February 15, 2022

Cloud & SaaS

Billtrust has acquired Netherlands-based Order2Cash, a B2B order-to-cash platform provider, to expand its European footprint and broaden its Business Payments Network (BPN). Order2Cash's enterprise customer base and connections to 70+ B2B and B2G e-invoicing networks will be integrated into Billtrust's SaaS AR automation and payments platform; the Order2Cash team will continue operating from Amsterdam, Joure, Krakow and New York.

Fintech Acquires iControl Systems USA, LLC Assets

March 13, 2024

Payments & Fintech

Financial Information Technologies, LLC (Fintech) completed an asset acquisition of iControl Systems USA, LLC (iControl), adding iControl’s alcohol invoice payments and scan-based trading technology to Fintech’s PaymentSource platform. The deal, which closed in December 2023, expands Fintech’s retail product portfolio and broadens PaymentSource capabilities beyond alcohol to additional retail categories.

Carlyle and Rabo Investments Lead Growth Investment in SurePay

June 3, 2025

Payments & Fintech

Carlyle Europe Technology Partners (CETP), alongside Rabobank’s investment arm Rabo Investments, has made a strategic growth investment in SurePay, a Netherlands-headquartered provider of payment verification and fraud-prevention software. The capital will support SurePay's product expansion and geographic growth across Europe and beyond; the company serves 200+ banks and 750+ corporates and has processed over 10 billion payment checks to date.

CIC Partners Makes Growth Capital Investment in Tri-State Holdings LLC

October 27, 2020

Oil & Gas

Dallas-based private equity firm CIC Partners has made a growth capital investment in Tri-State Holdings LLC, a Joaquin, Texas-based provider of water transportation and disposal services to oil and gas producers in the Haynesville Shale. The capital will enable Tri-State to expand its disposal services and follow-on growth, and Tri-State concurrently acquired saltwater disposal assets from Key Energy Services as part of its service expansion.

RevSpring Acquires TrustCommerce to Expand Integrated Healthcare Payments

February 20, 2026

Healthcare Services

RevSpring, a Frazier Healthcare Partners portfolio company, has acquired TrustCommerce, a payments and gateway provider previously owned by Waud Capital Partners and part of the Sphere family. The deal expands RevSpring's integrated payments footprint and EHR gateway connectivity to provide greater payment visibility, routing flexibility, and simplified reconciliation across provider and payer revenue cycles.

Checkout.com Acquires ProcessOut

February 26, 2020

Payments & Fintech

London-based payments provider Checkout.com has acquired French payments orchestration startup ProcessOut, its first acquisition. The deal brings ProcessOut’s routing and benchmarking technology and ~14-person team into Checkout.com to expand payment optimization capabilities for enterprise merchants.