i3 Verticals - M&A Summary and Business Overview

Information TechnologyCompany

i3 Verticals M&A Summary

i3 Verticals has acquired 18 companies, including 4 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 1 asset.

i3 Verticals’ largest acquisition to date was in 2021, when it acquired Business Information Systems for $88M. It’s largest disclosed sale occurred in 2024, when it sold i3 Verticals - Merchant of Record Payments Business to Payroc for $440M. i3 Verticals has acquired in 11 different US states. The Company’s most targeted sectors include information technology (78%) and financial services (6%).

i3 Verticals Business Overview

Where is i3 Verticals headquartered?

i3 Verticals is headquartered in Nashville, Tennessee.

What is i3 Verticals’ revenue?

i3 Verticals disclosed revenue of 370M USD for 2023 and 318M USD for 2022.

How many employees does i3 Verticals have?

i3 Verticals has 1,663 employees.

What sector is i3 Verticals in?

i3 Verticals is an information technology company.

When was i3 Verticals founded?

i3 Verticals was founded in 2012.

M&A Summary

  • M&A Total Activity18
    • M&A Buy Activity18
    • M&A Sell Activity1
  • Total Sectors Invested 4
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 2
  • M&A Advisors 2

i3 Verticals

i3 Verticals, Inc.

40 Burton Hills Blvd., Suite 415,
Nashville, Tennessee 37215
United States,
(800) 203-7981
www.i3verticals.com

i3 Verticals is a technology and integrated payments provider for a range of industry verticals throughout the United States. i3 Verticals was founded in 2012 and is based in Nashville, Tennessee.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 16 - 1 - 1 - 18
vol $53M $88M $140M
Sell (0.2/yr) # - - - - - 1 1
vol $440M $440M
  19

Most Recent M&A

Company Date Value Type
i3 Verticals - Merchant of Record Payments Business 2024-06-26 440M USD Divestiture
, United States
AccuFund, Inc. 2023-01-06 - Add-on Acquisition
Castle Rock, Colorado · www.accufund.com
Business Information Systems, Inc. 2021-02-05 88M USD Add-on Acquisition
Piney Flats, Tennessee · www.bisonline.com
Pace Payment Systems 2019-06-03 53M USD Add-on Acquisition
Murfreesboro, Tennessee · www.pacepayment.com
iGov Solutions LLC 2019-03-12 - Add-on Acquisition
Lake Mary, Florida · www.igovsolution.com
CSC Links LLC 2017-02-01 - Add-on Acquisition
, United States
Randall Data Systems LLC 2017-02-01 - Add-on Acquisition
Plymouth, Michigan · www.randalldata.com
Axia Payments LLC 2016-06-01 - Add-on Acquisition
Santa Barbara, California · www.axiapayments.com
Bill & Pay 2016-04-19 - Add-on Acquisition
Minneapolis, Minnesota
Esber Cash Register 2016-04-19 - Add-on Acquisition
Canton, Ohio · www.ecrpos.org
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Information Technology 14 (82%) 140M (100%) 1 (100%) 440M (100%)
Financial Services 1 (6%) - - -
Internet Software and Services 1 (6%) - - -
Software 1 (6%) - - -
Total 17 $140M 1 $440M

By Geo

State/Country Buy Value Sell Value
United States 18 140M 1 440M
  Tennessee 3 140M - -
  Ohio 3 - - -
  New York 2 - - -
  Florida 2 - - -
  California 2 - - -
  Virginia 1 - - -
  Minnesota 1 - - -
  Michigan 1 - - -
  Georgia 1 - - -
  Colorado 1 - - -
Total 18 $140M 1 $440M

Top M&A Advisors

Financial Deals
Raymond James - Investment Banking
 1
Legal Deals
Bass, Berry & Sims
 1

Deal Values

buy # Total
< $100M 2 $140M
TOTAL $140M
Largest Business Information Systems, Inc.
$88M (2021-02-05)
sell # Total
$100M to $1B 1 $440M
TOTAL $440M
Largest i3 Verticals - Merchant of Record Payments Business
$440M (2024-06-26)

M&A Connections

Deals
Acquired from
Investor(s)
6%
1 (6%)
Divested to
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Information Technology

Revenue

370   17% 2023
318   42% 2022
224   50% 2021
150   61% 2020
376   17% 2019
324   24% 2018
263   32% 2017
200   2016
(millions of USD) Show More Show Less

Employees

1,663

Established

2012

Public

NASDAQ: IIIV

Former Name

Charge Payment LLC

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