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M&A Deal Summary

First Data Acquires TASQ Technology

On March 23, 2001, First Data acquired business services company TASQ Technology from Gryphon Investors

Acquisition Highlights
  • This is First Data’s 1st transaction in the Business Services sector.
  • This is First Data’s 2nd transaction in the United States.
  • This is First Data’s 1st transaction in California.

M&A Deal Summary
Date 2001-03-23
Target TASQ Technology
Sector Business Services
Buyer(s) First Data
Sellers(s) Gryphon Investors
Deal Type Add-on Acquisition

Target

TASQ Technology

Rocklin, California, United States
TASQ Technology, Inc. is a provider of point-of-sale (POS) solutions in North America. Company are a single-source partner for equipment procurement, deployment, inventory management, client support and repair and replacement.

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Buyer(S) 1

Buyer

First Data

Atlanta, Georgia, United States
Category Company
Founded 1989
Sector Financial Services
Employees24,000
Revenue 8.7B USD (2018)
DESCRIPTION
First Data's corporate headquarters in Atlanta, Georgia.
First Data's corporate headquarters in Atlanta, Georgia.

First Data is a provider of electronic commerce and payment solutions for merchants, financial institutions and card issuers. First Data was formed in 1989 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 2 of 23
Sector (Business Services) 1 of 2
Type (Add-on Acquisition) 1 of 20
State (California) 1 of 6
Country (United States) 2 of 17
Year (2001) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1995-06-14 First Financial Management

Atlanta, Georgia, United States

First Financial Management Corporation is a provider of information services, merchant credit card processing, check verification and debt collection.

Buy $6.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-04-30 Paysys

Atlanta, Georgia, United States

Paysys is a developer and provider of payment systems solutions for the retail, private label and bank credit card industries.

Buy -

Seller(S) 1

SELLER

Gryphon Investors

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 9.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Gryphon Investors is a private equity firm focused on making $50 to $500 million of equity or equity-linked investments in middle-market companies. Target transaction situations include traditional buyouts, leveraged build-ups, and growth financings. Gryphon will consider both control and shared-control positions. Sectors of interest include business services, consumer, retail, automotive, chemicals, general manufacturing, healthcare, and hotels. Gryphon Investors was formed in 1995 and is based in San Francisco, California.

DEAL STATS #
Overall 1 of 41
Sector (Business Services) 1 of 3
Type (Add-on Acquisition) 1 of 18
State (California) 1 of 8
Country (United States) 1 of 41
Year (2001) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-07-01 Anthelio Healthcare Solutions

Dallas, Texas, United States

Anthelio Healthcare Solutions, Inc. (PHNS, Inc.) is a provider of comprehensive information technology and business process services to hospitals, healthcare providers and other businesses across the United States.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-12-18 Intelligrated

Mason, Ohio, United States

Intelligrated, Inc. is a provider of automated material handling solutions, services and products. Intelligrated designs, manufactures and installs complete material handling automation solutions for the warehousing, distribution, consumer product manufacturing, postal and parcel markets.

Buy -
Mergr

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