Paystone to acquire Ackroo in $21M all-cash transaction, offering 25% premium over the 90-day volume weighted average price

Dec 13, 2024•about 1 year ago

Acquiring Company

Paystone

Acquired Company

Ackroo

CanadaE Commerce

Description

Ackroo Inc. announces the sale to Paystone Inc. in a $21 million all-cash transaction. The deal offers a 25% premium over the 90-day volume weighted average price and strengthens Paystone's position in the industry as it continues to consolidate the market.

Company Information

Company

Paystone

Location

Canada

About

The company has over 30,000 merchant locations on its platform throughout North America, and Al-Ansari expects that to grow by 5,000 this year. The company has 150 employees currently, and another 50 are expected to come on board by the end of the year. Paystone provides the marketing through content, help with reviews and with loyalty and rewards programs.

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

Paystone to acquire Ackroo in $21M all-cash transaction, offering 25% premium over the 90-day volume weighted average price

Description

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M&A Insights

Company Information