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

October 1, 2020

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.

Buyers
Paya, GTCR
Targets
The Payment Group (TPG)
Sellers
Thompson Street Capital Partners (TSCP)
Location
Texas, United States
Transaction Type
Divestiture

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