Paya (GTCR-backed) Acquires The Payment Group from Thompson Street Capital Partners

Atlanta-based payments provider Paya, backed by private equity firm GTCR, has acquired The Payment Group (TPG) from Thompson Street Capital Partners for $21 million. The acquisition strengthens Paya’s government and utilities payments footprint—notably expanding its presence in Texas—and brings TPG’s ~600 municipal customers onto Paya’s platform.