M&A Deal Summary

Deluxe Acquires First American Payment Systems

On April 22, 2021, Deluxe acquired information technology company First American Payment Systems from Ontario Teachers Pension Plan and Stella Point Capital for 960M USD

Acquisition Highlights
  • This is Deluxe’s 2nd transaction in the Information Technology sector.
  • This is Deluxe’s largest (disclosed) transaction.
  • This is Deluxe’s 18th transaction in the United States.
  • This is Deluxe’s 2nd transaction in Texas.

M&A Deal Summary

Date 2021-04-22
Target First American Payment Systems
Sector Information Technology
Buyer(s) Deluxe
Sellers(s) Ontario Teachers Pension Plan
Stella Point Capital
Deal Type Add-on Acquisition
Deal Value 960M USD

Target

First American Payment Systems

Fort Worth, Texas, United States
First American Payment Systems is a service provider of credit card processing for merchants. It provides debit/EBT card processing, Secur-Chex check services, FirstPay.Net e-Commerce payment gateway, national ATM deployment, and Merimac Capital point-of-sale equipment and ATM leasing. First American Payment Systems was formed in 1990 and is based in Fort Worth, Texas.

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Buyer(S) 1

Buyer

Deluxe

Minneapolis, Minnesota, United States

Category Company
Founded 1915
Sector Business Services
Employees5,170
Revenue 2.2B USD (2023)
DESCRIPTION
Entrance to Deluxe's corporate headquarters in Shoreview, Minnesota.
Entrance to Deluxe's corporate headquarters in Shoreview, Minnesota.

Deluxe offers a diversified range of products and services to businesses of all sizes. The Company's products and services include customized checks and forms, as well as website development and hosting, email marketing, social media, search engine optimization and logo design. Deluxe was incorporated in 1915 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 20 of 21
Sector (Information Technology) 2 of 3
Type (Add-on Acquisition) 19 of 20
State (Texas) 2 of 2
Country (United States) 18 of 18
Year (2021) 1 of 1
Size (of disclosed) 1 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-05 Deluxe Rewards

Shoreview, Minnesota, United States

Deluxe Financial Services LLC is a provider of patented, dual currency, loyalty and engagement technology platform. Deluxe Financial Services is based in Shoreview, Minnesota.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-08 Hostopia Australia

Sydney, Australia

Hostopia Australia is a hosting provider to more than 50,000 small business customers and hosts 250,000 websites. Hostopia Australia was founded in 2017 and is based in Sydney, Australia.

Sell -

Seller(S) 2

SELLER

Ontario Teachers Pension Plan

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Pension
Founded 1990
PE ASSETS 242.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Teachers' Private Capital is the direct investment arm of the Ontario Teachers' Pension Plan. Teachers' Private Capital considers both private equity and venture related investments in North America, Europe, and Asia. Teachers' can support direct private equity investments between $100 million and $3 billion. Target sectors include business services, consumer products, retail, diversified industrials, financial services, technology, media, and communications. Teachers' Private Capital also makes private equity fund investments between $50 million and $750 million. Teachers' Private Capital was formed in 1991 and is based in Toronto, with additional offices in London and New York.


DEAL STATS #
Overall 51 of 72
Sector (Information Technology) 5 of 8
Type (Add-on Acquisition) 20 of 29
State (Texas) 2 of 4
Country (United States) 26 of 38
Year (2021) 3 of 15
Size (of disclosed) 15 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-16 Glass Lewis

San Francisco, California, United States

Glass Lewis is a provider of global governance services, helping institutional investors understand and connect with the companies they invest. Glass Lewis was founded in 2003 and is based in San Francisco, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-29 Stem

San Francisco, California, United States

Stem is a provider of commercial energy storage systems. Stem delivers innovative technology services that transform the way energy is distributed and consumed. Through its AI platform Athena, Stem powers the largest, most reliable network of energy storage systems in the world. Stem was founded in 2009 and is based in San Francisco, California.

Sell -
DESCRIPTION

Stella Point Capital is a private equity firm focused on control investments in middle-market companies. The Firm looks to invest $20 million in North American businesses valued up to $500 million. The Firm prefers basic industries including industrial, consumer, and business services. Stella Point was formed in 2012 and is based in New York City.


DEAL STATS #
Overall 3 of 3
Sector (Information Technology) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Texas) 1 of 1
Country (United States) 3 of 3
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-15 Rightpoint Consulting

Chicago, Illinois, United States

Rightpoint Consulting LLC is a digital agency and IT consultancy specializing in areas including employee engagement, customer experience, custom application development, cloud strategy, CRM and mobile. Rightpoint makes experiences that amplify brands and business through creative and technology services. Rightpoint Consulting LLC was founded in 2007 and is based in Chicago, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-21 Qualified Digital

Berkeley, California, United States

Qualified Digital is a full-service digital agency with teams throughout the US, and LATAM, specializing in customer experience and digital transformation. Qualified Digital is based in Berkeley, California.

Buy -