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  6. CardConnect Acquires MertzCo

M&A Deal Summary

CardConnect Acquires MertzCo

On April 3, 2017, CardConnect acquired internet software and services company MertzCo

Acquisition Highlights
  • This is CardConnect’s 1st transaction in the Internet Software and Services sector.
  • This is CardConnect’s 1st transaction in the United States.
  • This is CardConnect’s 1st transaction in Illinois.

M&A Deal Summary
Date 2017-04-03
Target MertzCo
Sector Internet Software and Services
Buyer(s) CardConnect
Deal Type Add-on Acquisition
Advisor(s) Fried Frank Harris Shriver & Jacobson (Legal)

Target

MertzCo

Chicago, Illinois, United States
MertzCo, Inc. is a provider of automated clearing house services, point of sale equipment, software and related goods and services. MertzCo is based in Chicago, Illinois.

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Buyer(S) 1

Buyer

CardConnect

King of Prussia, Pennsylvania, United States
Category Company
Founded 2006
Sector Financial Services
Revenue 589M USD (2016)
DESCRIPTION

CardConnect is a provider of payment processing and technology solutions, helping organizations from independent coffee shops to iconic global brands – accept billions of dollars in card transactions each year. CardConnect was formed in 2006 and is based in King of Prussia, Pennsylvania.

DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1
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Legal