M&A Deal Summary

Pathward Financial Acquires EPS Financial

On October 3, 2016, Pathward Financial acquired information technology company EPS Financial from Taxwell for 43M USD

Acquisition Highlights
  • This is Pathward Financial’s 1st transaction in the Information Technology sector.
  • This is Pathward Financial’s 2nd largest (disclosed) transaction.
  • This is Pathward Financial’s 3rd transaction in the United States.
  • This is Pathward Financial’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2016-10-03
Target EPS Financial
Sector Information Technology
Buyer(s) Pathward Financial
Sellers(s) Taxwell
Deal Type Divestiture
Deal Value 43M USD

Target

EPS Financial

Easton, Pennsylvania, United States
EPS Financial LLC is a provider of comprehensive tax-related financial transaction IT solutions for over 10,000 Electronic Return Originators (“EROs”) nationwide, offering a one-stop-shop for all tax preparer financial transactions.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Pathward Financial

Sioux Falls, South Dakota, United States
Category Company
Founded 1954
Sector Financial Services
Employees1,204
Revenue 577M USD (2023)
DESCRIPTION

Pathward Financial is a provider of financial products and services for commercial, agricultural, and retail customers. Pathward Financial was founded in 1954 and is based in Sioux Falls, South Dakota.

DEAL STATS #
Overall 3 of 5
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 3 of 5
Year (2016) 1 of 2
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-16 Fort Knox Financial Services

Louisville, Kentucky, United States

Fort Knox Financial Services Corp. is a provider of software services to financial industry.

Buy $50M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-10 Specialty Consumer Services

Texas, United States

Specialty Consumer Services LP is a provider of technology, underwriting and consulting services to national tax return preparation companies and the pioneer for no fee refund advance products.

Buy $15M

Seller(S) 1

SELLER

Taxwell

Franklin, North Carolina, United States
Category Company
Founded 1977
Sector Software
Employees600
DESCRIPTION

Taxwell is a provider of tax preparation software to professionals and individuals. The Company provides the tools and resources that tax professionals need to build their businesses and properly file federal, state, and local taxes across the country. Drake Software was founded in 1977 and is based in Franklin, North Carolina.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-01 TaxACT

Dallas, Texas, United States

TaxACT provides online tax preparation software and electronic filing services. TaxACT is available via the internet to individual taxpayers and paid preparers as online tax preparation programs or as downloadable desktop software. TaxACT was founded in 1998 and is based in Dallas, Texas.

Buy $720M
Mergr

Product

Company

Legal