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Payroc Announces Acquisition Of Atlantic Merchant Services

May 10, 2023•over 2 years ago

Acquiring Company

Payroc

Acquired Company

Atlantic Merchant

Tinley ParkFinanceFintechHospitalityE Commerce

Description

Payroc WorldAccess, LLC, (“Payroc”), a global payments leader, has announced the acquisition of Atlantic Merchant Services, LLC, (“Atlantic Merchant” or the “Company”) a full-service merchant processing company based in Raleigh, North Carolina by one of Payroc’s subsidiaries.

Company Information

Company

Payroc

Location

Tinley Park, Illinois, United States

About

Payroc is a high-growth, multi-national payments platform, merchant acquirer, and processing powerhouse processing over $93 billion in annual volume for more than 158,000 merchants. Founded in 2003, Payroc offers best-in-class sales enablement and merchant processing technology. Payroc enables unified commerce that helps businesses grow faster by delivering proprietary, innovative, and full-service solutions with key card brand network payment sponsorship registrations.

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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