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i3 Verticals Completes Sale of Merchant Services Business to Payroc WorldAccess, LLC
Sep 23, 2024•over 1 year ago
Contract Type
partnership
Description
i3 Verticals, Inc. has completed the sale of its merchant services business, including its associated proprietary technology, to Payroc WorldAccess, LLC for approximately $438 million in cash. Following this divestiture, i3 Verticals is now focused solely on the Public Sector (including Education) and Healthcare verticals.
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Agreement Insights
Based on industry dataStrategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months