Payments & Fintech Acquisitions in Kentucky

Celero Commerce, a Nashville-based payments operator backed by LLR Partners, acquired Kentucky-based OMEGA Technology, a provider of electronic transaction processing, payments software and business analytics. The deal expands Celero's technology-focused commerce offerings and merchant portfolio, bringing the combined company to over 50,000 merchants processing roughly $20 billion in annual card volume.

Newtek Business Services Corp. acquired a 51% majority interest in POS on Cloud (d/b/a Newtek Payment Systems), a Kentucky-based cloud point-of-sale (POS) software provider. Newtek will integrate and offer the POS solution through its alliance partners and portfolio channels to expand its payments, payroll and SMB services offering.

NXGEN International has acquired Paducah, Kentucky-based payments firm Payment Plus, Inc. The deal expands NXGEN's merchant services footprint and product capabilities in Kentucky and the Midwest, with Payment Plus's CEO Tammy Zimmerman remaining to lead the business under NXGEN ownership.