M&A Deal Summary

ReCo Acquires F&E Payment Pros EZ SecurePay

On December 15, 2023, ReCo acquired information technology company F&E Payment Pros EZ SecurePay from F&E Payment Pros

Acquisition Highlights
  • This is ReCo’s 1st transaction in the Information Technology sector.
  • This is ReCo’s 1st transaction in the United States.
  • This is ReCo’s 1st transaction in Ohio.

M&A Deal Summary

Date 2023-12-15
Target F&E Payment Pros EZ SecurePay
Sector Information Technology
Buyer(s) ReCo
Sellers(s) F&E Payment Pros
Deal Type Divestiture

Target

F&E Payment Pros EZ SecurePay

Northfield, Ohio, United States
F&E Payment Pros' EZ SecurePay is an online payments platform enhancing financial efficiency for municipalities.

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Buyer(S) 1

Buyer

ReCo

Atlanta, Georgia, United States

Category Company
Sector Software
DESCRIPTION

ReCo is a revenue collections software for local and state government municipalities, which collect revenue for items such as property taxes, motor vehicle fees, parks and rec, and more. ReCo is based in Atlanta, Georgia.


DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
State (Ohio) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1

Seller(S) 1

SELLER

F&E Payment Pros

Northfield, Ohio, United States

Category Company
Sector Information Technology
DESCRIPTION

F&E PaymentPros helps streamline, simplify, and economize clients' essential accounting functions and core office processes. The company helps government, non-profit, and for-profit organizations with a growing range of technology solutions designed to save money and improve customer service. Innovative payable and receivable offerings automate internal operations, reducing the stress on your staff. F&E PaymentPros is based in Northfield, Ohio.


DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
State (Ohio) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1