M&A Deal Summary

Payroc Acquires SterlingCard

On February 6, 2024, Payroc acquired information technology company SterlingCard

Acquisition Highlights
  • This is Payroc’s 5th transaction in the Information Technology sector.
  • This is Payroc’s 1st transaction in Canada.
  • This is Payroc’s 1st transaction in Ontario.

M&A Deal Summary
Date 2024-02-06
Target SterlingCard
Sector Information Technology
Buyer(s) Payroc
Deal Type Add-on Acquisition

Target

SterlingCard

Markham, Ontario, Canada
SterlingCard is a payment solution provider for both retail and e-commerce applications, offering customers the latest technology while maintaining a service-oriented focus. SterlingCard was founded in 1996 and is based in Markham Ontario.

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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 17 of 18
Sector (Information Technology) 5 of 6
Type (Add-on Acquisition) 17 of 17
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-10 Atlantic Merchant

Raleigh, North Carolina, United States

Atlantic Merchant is a full-service merchant processing company committed to creating payment processing solutions for every aspect of a business, from B2B to traditional retail and e-commerce. Atlantic Merchant was founded in 2005 and is based in Raleigh, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-26 i3 Verticals - Merchant of Record Payments Business

United States

i3 Verticals' Merchant of Record Payments Business is provider of merchant services and payments software and technology solutions.

Buy $440M
Mergr

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