Celero Commerce Acquires Elmhurst Financial Services and Tandem Innovative Payment Solutions

June 18, 2019

Celero Commerce acquired Elmhurst Financial Services and Tandem Innovative Payment Solutions to expand its distribution and technology capabilities for financial institutions and SMB merchants. The transactions strengthen Celero's payment processing, business management software, and technology offerings and extend its service footprint to approximately 25,000 merchants and ~$10 billion in annual payment volume.

Buyers
Celero Commerce
Targets
Elmhurst Financial Services, Tandem Innovative Payment Solutions
Location
United States
Transaction Type
Buyout

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