Deluxe: Closes First American Payment Systems acquisition
- Deluxe, a Trusted Payments, and Business Technology™ company helping businesses pay to get paid, optimize and grow
- Announced completed the previously announced acquisition of First American Payment Systems (“First American”) for $960 million in cash
- Immediately becomes a scaled and leading provider in the strong secular growth merchant services market
- The acquisition doubles the revenue of the company’s fastest-growing segment Payments, to $600 million annually, with attractive margins
- As the original payments company, this acquisition is a major, strategic, logical, and responsible next step in the transformation
- With First American expandability to help customers pay, get paid, optimize and grow their businesses
