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M&A Deal Summary

Paystone Acquires Ackroo

On December 12, 2024, Paystone acquired software company Ackroo for 21M CAD

Acquisition Highlights
  • This is Paystone’s 2nd transaction in the Software sector.
  • This is Paystone’s largest (disclosed) transaction.
  • This is Paystone’s 3rd transaction in Canada.
  • This is Paystone’s 1st transaction in Ontario.

M&A Deal Summary
Date 2024-12-12
Target Ackroo
Sector Software
Buyer(s) Paystone
Deal Type Add-on Acquisition
Deal Value 21M CAD
Advisor(s) Paradigm Capital (Financial)
Cassels (Legal)

Target

Ackroo

Hamilton, Ontario, Canada
Ackroo is a gift card, loyalty and rewards technology and services provider. Ackroo’s web-based solutions provide the power of a massively scalable software platform in a lightweight online tool that works with existing point-of-sale equipment, making it easy and affordable for businesses to launch gift card & loyalty programs that deliver immediate return on investment. Ackroo was incorporated in 2012 and is based in Hamilton, Ontario.

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Buyer(S) 1

Buyer

Paystone

London, Ontario, Canada
Category Company
Founded 2009
Sector Financial Services
Employees150
DESCRIPTION

Paystone is an MSP/ISO providing a broad suite of payment solutions, including customer engagement software, payment terminals, gift card and loyalty programs, virtual terminals, and e-commerce payment capabilities for businesses. Paystone was formed in 2009 and is based in London, Ontario.

DEAL STATS #
Overall 4 of 4
Sector: Software M&A 2 of 2
Type: Add-on Acquisition M&A Deals 4 of 4
State: Ontario M&A 1 of 1
Country: Canada M&A 3 of 3
Year: 2024 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-26 CPS

New York, New York, United States

CPS is a provider of Canadian merchant services, which includes Credit Card and Interac Processing, Gift Card and Loyalty Programs, and Business Cash Advance. CPS is based in New York City.

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