REPAY Acquires CPS Payment Services
October 27, 2020
REPAY Holdings Corporation agreed to acquire Atlanta-based CPS Payment Services for up to $93 million, with $78 million paid at closing and up to $15 million in earnouts. The acquisition expands REPAY's B2B payments and accounts-payable automation capabilities and brings CPS's enterprise client base and ERP-integrated AP automation technology into REPAY's product suite.
- Buyers
- REPAY Holdings Corporation
- Targets
- CPS Payment Services
- Industry
- Payments & Fintech
- Location
- Georgia, United States
- Transaction Type
- Buyout
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