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Priority Technology Holdings Acquires Convenient Payments, LLC

PRIVATEAug 26, 2026about 3 hours ago

Acquiring Company

Priority Technology Holdings

Acquired Company

Convenient Payments

Commerce and ShoppingFinancial ServicesPaymentsFinancial ServicesPaymentsFintech

Description

On August 25, 2026, Priority Payment Systems, LLC, a subsidiary of Priority Technology Holdings, acquired all membership interests of Convenient Payments, LLC. The acquisition was formalized through a Membership Interest Purchase Agreement. The total purchase price was $11,500,000, with potential earnout payments up to $3,500,000. This acquisition strengthens Priority's position in the payment processing market.

Company Information

Company

Priority Technology Holdings

About

Priority is a leading provider of merchant acquiring, integrated payment software and corporate payment solutions, offering unique product and service capabilities to its merchant network and distribution partners. Priority's enterprise operates from a purpose-built payments infrastructure that includes tailored customer service offerings and bespoke technology development, allowing Priority to provide end-to-end solutions for payment and payment-adjacent software. Additional information can be found at www.PRTH.com.

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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

Frequently asked

Who acquired Convenient Payments?

Convenient Payments was acquired by Priority Technology Holdings. The deal was reported on August 26, 2026. Priority is a leading provider of merchant acquiring, integrated payment software and corporate payment solutions, offering unique product and service capabilities to its merchant network and distribution partners. Priority Technology Holdings is privately held and operates in Commerce and Shopping.

When did Priority Technology Holdings acquire Convenient Payments?

Priority Technology Holdings's acquisition of Convenient Payments was reported on August 26, 2026. On August 25, 2026, Priority Payment Systems, LLC, a subsidiary of Priority Technology Holdings, acquired all membership interests of Convenient Payments, LLC. The acquisition was formalized through a Membership Interest Purchase Agreement. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Convenient Payments do?

Convenient Payments, LLC is a dynamic company specializing in payment processing solutions designed for various business needs. They provide integrated services that streamline payments for both merchants and consumers. It is privately held, operating in Financial Services.

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