SWIVEL Transactions (SWBC) Acquires Magic-Wrighter, Inc.
December 5, 2023
SWBC's fintech subsidiary SWIVEL Transactions, LLC has acquired Magic-Wrighter, Inc., a Grand Rapids-based payments and ACH service provider. The acquisition expands SWIVEL's payment capabilities—including dealer funding, direct ACH processing, and K-12 school payment solutions—and broadens its reach into banks, credit unions, merchants, and school districts.
- Buyers
- SWIVEL Transactions, LLC, SWBC
- Targets
- Magic-Wrighter, Inc.
- Industry
- Payments & Fintech
- Location
- Michigan, United States
- Transaction Type
- Buyout
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