About This Deal
FISERV INC acquired MerchantPro Express LLC, a transaction completed in March 2020, structured as All-cash.
MerchantPro Express LLC operates in Acceptance / merchant services. MerchantPro Express LLC ('MerchantPro') is an independent sales organization (ISO) that provides processing services, POS equipment and merchant cash advances to businesses across the United States.
It further expands Fiserv's merchant services business.
Disclosed in Fiserv's FY21 Form 10-K; integrated into the noted operating segment.
Deal Terms
Acquirer
FISERV INC
Target
MerchantPro Express LLC
Value
Not disclosed
Date
March 2020
Type
Full acquisition
Status
Ready
Transaction Details
Segment
Acceptance / merchant services
Structure
All-cash
Announced
March 2, 2020
Closed
March 2, 2020
In Their Words
MerchantPro Express LLC ('MerchantPro') is an independent sales organization (ISO) that provides processing services, POS equipment and merchant cash advances to businesses across the United States.Fiserv FY21 Form 10-K, Acquisitions note
Advisors
Advisory firms were not disclosed for this transaction.
Related Deals & Entities
Sources:
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