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)
- Industry
- Payments & Fintech
- Location
- Texas, United States
- Transaction Type
- Divestiture
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