M&A Deal Summary

Repay Holdings Acquires TriSource Solutions

On August 14, 2019, Repay Holdings acquired information technology company TriSource Solutions

Acquisition Highlights
  • This is Repay Holdings’ 1st transaction in the Information Technology sector.
  • This is Repay Holdings’ 6th transaction in the United States.
  • This is Repay Holdings’ 1st transaction in Iowa.

M&A Deal Summary

Date 2019-08-14
Target TriSource Solutions
Sector Information Technology
Buyer(s) Repay Holdings
Deal Type Add-on Acquisition

Target

TriSource Solutions

Bettendorf, Iowa, United States
TriSource Solutions LLC provides back-end transaction processing services to independent sales organizations (“ISO’s”) and operates as a direct ISO on behalf of its owned portfolios and external sales agents. TriSource is headquartered in Bettendorf, IA with an additional office in East Moline, IL.

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Buyer(S) 1

Buyer

Repay Holdings

Atlanta, Georgia, United States

Category Company
Founded 2006
Sector Internet Software and Services
Employees512
Revenue 297M USD (2023)
DESCRIPTION

Repay Holdings is a full-service provider of electronic transaction processing services for retail merchants, offering a comprehensive line of solutions that include credit and debit cards, gift cards, ACH, bank account verification, electronic bill payment, and instant funding. Repay Holdings was founded in 2006 and is based in Atlanta, Georgia.


DEAL STATS #
Overall 6 of 13
Sector (Information Technology) 1 of 5
Type (Add-on Acquisition) 6 of 13
State (Iowa) 1 of 1
Country (United States) 6 of 13
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-10 PayMaxx Pro

Sarasota, Florida, United States

PayMaxx Pro LLC is an electronic payments provider to the automotive industry. PayMaxx Pro was founded in 2005 and is based in Sarasota, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-14 APS Payments

Mesa, Arizona, United States

APS Payments is an integrated payments provider focused on the B2B vertical. APS Payments was founded in 2008 and is based in Mesa, Arizona.

Buy $60M