M&A Deal Summary

American Bancard Acquires Merchants Bankcard Systems of America

On February 17, 2017, American Bancard acquired financial services company Merchants Bankcard Systems of America

Acquisition Highlights
  • This is American Bancard’s 1st transaction in the Financial Services sector.
  • This is American Bancard’s 1st transaction in the United States.
  • This is American Bancard’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2017-02-17
Target Merchants Bankcard Systems of America
Sector Financial Services
Buyer(s) American Bancard
Deal Type Add-on Acquisition

Target

Merchants Bankcard Systems of America

East Falmouth, Massachusetts, United States
Merchants Bankcard Systems of America is a provider of electronic payment and credit card processing solutions.

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Buyer(S) 1

Buyer

American Bancard

Boca Raton, Florida, United States
Category Company
Founded 2004
Sector Information Technology
DESCRIPTION

American Bancard LLC (dba TouchSuite) is a financial technology company, delivering integrated and stand-alone electronic payments, advanced marketing and QuickBooks solutions tailored to small-to-mid-sized businesses across multiple verticals.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
Mergr

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