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Celero Commerce Acquires Community Bankers Merchant Services

Aug 18, 2022•over 3 years ago

Acquiring Company

Celero Commerce

Acquired Company

Community Bankers Merchant Services

NashvilleSoftware

Description

Celero Commerce (“Celero”), a top ten U.S. non-bank payment processor, today announced the acquisition of Community Bankers Merchant Services (CBMS), a provider of electronic transaction processing through community and regional banks nationwide. With the addition of Arkansas-based CBMS, Celero will serve over 53,000 merchants nationwide, processing approximately $21 billion in annual card volume.

Company Information

Company

Celero Commerce

Location

Nashville, Tennessee, United States

About

Headquartered in Nashville, Celero Commerce is a full-service, integrated electronic commerce solutions provider powered by leading-edge technology, strategic partnerships, and business intelligence. Celero offers small and medium-sized businesses payment processing services, business management software, and data intelligence, empowering them to drive growth and profitability. Celero is a top ten non-bank processor of electronic payment transactions in the world.

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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