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733Park Orchestrates Acquisition of American Spirit Processing by Improving Payments

Feb 06, 2024•almost 2 years ago

Acquiring Company

Improving Payments

Acquired Company

American Spirit Processing

CharlotteBostonFinancial Services

Description

733Park, Inc. has orchestrated the recent acquisition of American Spirit Processing by Improving Payments. This transformative transaction has reinforced Improving Payments’ mission of optimizing merchant operations and enhancing the customer experience.

Company Information

Company

Improving Payments

Location

Charlotte, North Carolina, United States

About

Improving Payments is a payment solutions consultancy that streamlines and manages payment operations. By connecting companies directly to the right clearing house and removing intermediaries, Improving Payments eliminates unnecessary fees and increases transaction efficiency, handling all of the leg work as a trusted business partner. Headquartered in Charlotte, NC, Improving Payments serves a variety of industries across the US. For more information, visit www.improvingpayments.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed