M&A Deal Summary

Paya Acquires The Payment Group

On October 1, 2020, Paya acquired internet software and services company The Payment Group from Thompson Street Capital Partners for 21M USD

Acquisition Highlights
  • This is Paya’s 1st transaction in the Internet Software and Services sector.
  • This is Paya’s largest (disclosed) transaction.
  • This is Paya’s 1st transaction in the United States.
  • This is Paya’s 1st transaction in Texas.

M&A Deal Summary

Date 2020-10-01
Target The Payment Group
Sector Internet Software and Services
Buyer(s) Paya
Sellers(s) Thompson Street Capital Partners
Deal Type Add-on Acquisition
Deal Value 21M USD

Target

The Payment Group

Dallas, Texas, United States
The Payment Group LLC is a provider of court, utility and other payments solutions to municipal governments throughout the southern United States. The Payment Group was founded in 2003 and is based in Dallas, Texas.

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Buyer(S) 1

Buyer

Paya

Dunwoody, Georgia, United States

Category Company
Sector Financial Services
Revenue 249M USD (2021)
DESCRIPTION

Paya is a provider of payment processing and merchant-acquiring solutions in North America. The company provides credit card, ACH, check, gift, and loyalty card processing services to small and medium-sized businesses in the United States and Canada. Paya's payment solutions integrate with merchants' business management software solutions and enable them to securely accept electronic payments through multiple channels, including card-present, e-commerce, and mobile. Through the Company's EFT subsidiary, Paya offers specialized ACH processing services to merchants, processors, and other businesses. It serves a diversified client base of approximately 100,000 SMBs including healthcare providers, non-profit and faith-based organizations, and accounting software companies. Paya is based in Dunwoody, Georgia.


DEAL STATS #
Overall 1 of 3
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 1 of 3
State (Texas) 1 of 1
Country (United States) 1 of 2
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-26 Paragon Payment Solutions

Tempe, Arizona, United States

Paragon Payment Solutions is an integrated payments provider committed to delivering tailored solutions and strategic partnerships that help software providers and their customers excel. Paragon Payment Solutions is based in Tempe, Arizona.

Buy -

Seller(S) 1

SELLER

Thompson Street Capital Partners

St. Louis, Missouri, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Thompson Street Capital Partners is a private equity firm that targets control stakes in profitable, mid-sized North American companies with $5 to $20 million of EBITDA. Thompson Street looks for family businesses, private companies seeking liquidity, corporate divestitures, and public companies going private. Areas of interest include healthcare services, business services, electronics, information technology, and engineered products companies. Thompson Street will not consider investments in start-ups, early stage companies, or real estate. Thompson Street Capital was founded in 2000 and is based in St. Louis, Missouri.


DEAL STATS #
Overall 30 of 47
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 15 of 24
State (Texas) 2 of 3
Country (United States) 30 of 47
Year (2020) 2 of 4
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-27 Analytical Lab Group

Eagan, Minnesota, United States

Analytical Lab Group is an independent provider of materials and product qualification testing, inspection and certification services to the global Aerospace; Transportation & Industrials; Energy; and Fire & Building Products sectors. Analytical Lab Group was formed in 2006 and is based in Eagan, Minnesota.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-14 WeVideo

Lake Forest, California, United States

WeVideo is a provider of cloud-based video editing software focused on the K-12 education market. WeVideo serves more than 6,500 school districts and more than four million students with a cloud-based application that enables users to create video content and collaborate via web browsers and mobile devices. WeVideo was founded in 2011 is based in Lake Forest, California.

Buy -