M&A Deal Summary

Payroc Acquires East Commerce Solutions

On January 13, 2022, Payroc acquired business services company East Commerce Solutions

Acquisition Highlights
  • This is Payroc’s 1st transaction in the Business Services sector.
  • This is Payroc’s 12th transaction in the United States.
  • This is Payroc’s 1st transaction in Rhode Island.

M&A Deal Summary
Date 2022-01-13
Target East Commerce Solutions
Sector Business Services
Buyer(s) Payroc
Deal Type Add-on Acquisition

Target

East Commerce Solutions

East Providence, Rhode Island, United States
East Commerce Solutions is a merchant services provider, that offers a variety of merchant services solutions including credit card processing, hardware for mobile, NFC and EMV capable processing, software and E-Commerce solutions, POS systems, gift card programs, cash advance programs for working capital and payroll services. East Commerce Solutions was founded in 1994 and is based in East Providence, Rhode Island.

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Buyer(S) 1

Buyer

Payroc

Tinley Park, Illinois, United States
Category Company
Founded 2003
Sector Internet Software and Services
DESCRIPTION

Payroc LLC is a provider of an online platform for merchants with anytime, anywhere payment solutions. The company transparent pricing clarity and developing personal relationships while delivering exceptional technology. Payroc services and supports more than 10,000 merchants throughout North America, providing stability in payments by safely and securely processing over $3 billion in annual charge volume.

DEAL STATS #
Overall 12 of 18
Sector (Business Services) 1 of 2
Type (Add-on Acquisition) 12 of 17
State (Rhode Island) 1 of 1
Country (United States) 12 of 16
Year (2022) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-02 SnapCheck

San Mateo, California, United States

SnapCheck is a platform for business payments modernization dedicated to eliminating paper checks. SnapCheck Digital Checking Platform gives businesses, banks, and consumers collectively the opportunity to save over $50 Billion a year in costs. SnapCheck was founded in 2015 and is based in San Mateo, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-04 Iroquois Merchant Services

Nashville, Tennessee, United States

Iroquois Merchant Services is a provider of electronic payment processing services for businesses, government entities, non-profits, and more. Iroquois implements payment processing solutions creating efficiencies in the payment acceptance, reconciliation, and reporting processes. Iroquois Merchant Services is based in Nashville, Tennessee.

Buy -
Mergr

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