M&A Deal Summary

SWIVEL Acquires Magic-Wrighter

On December 5, 2023, SWIVEL acquired financial services company Magic-Wrighter

Acquisition Highlights
  • This is SWIVEL’s 1st transaction in the Financial Services sector.
  • This is SWIVEL’s 1st transaction in the United States.
  • This is SWIVEL’s 1st transaction in Michigan.

M&A Deal Summary
Date 2023-12-05
Target Magic-Wrighter
Sector Financial Services
Buyer(s) SWIVEL
Deal Type Add-on Acquisition

Target

Magic-Wrighter

Grand Rapids, Michigan, United States
Magic-Wrighter offers a single-source and financial institution-focused partnership for payment needs. Magic-Wrighter is an Authorized Sending Point to the Federal Reserve Bank and the longest standing independently owned ACH service provider. Magic-Wrighter was founded in 1982 and is based in Grand Rapids, Michigan.

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Buyer(S) 1

Buyer

SWIVEL

San Antonio, Texas, United States
Category Company
Sector Financial Services
DESCRIPTION

SWIVEL is a financial technology and services company providing specialized, integrated transaction enablement solutions that remove friction for account holders, borrowers, and departments across financial institutions, as well as collections agencies and outsourced service providers, while also mitigating risks associated with moving funds in digital domains. SWIVEL is based in San Antonio, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
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