About This Deal

FISERV INC acquired Pineapple Payments Holdings, LLC for $207 million, a transaction completed in May 2021, structured as All-cash.

Pineapple Payments Holdings, LLC operates in Payments / ISO. Pineapple Payments Holdings, LLC ('Pineapple Payments') is an independent sales organization (ISO) that provides payment processing, proprietary technology, and payment acceptance solutions for merchants, expanding Fiserv's digital capabilities for small and mid-sized businesses.

It expands the reach of Fiserv's payment solutions through its technology- and relationship-led distribution channels.

Disclosed in Fiserv's FY21 Form 10-K; integrated into the noted operating segment.

Deal Terms

Acquirer
FISERV INC
Target
Pineapple Payments Holdings, LLC
Value
$207 million
Date
May 2021
Type
Full acquisition
Status
Ready

Transaction Details

Segment
Payments / ISO
Structure
All-cash
Announced
May 4, 2021
Closed
May 4, 2021

In Their Words

Pineapple Payments Holdings, LLC ('Pineapple Payments') is an independent sales organization (ISO) that provides payment processing, proprietary technology, and payment acceptance solutions for merchants, expanding Fiserv's digital capabilities for small and mid-sized businesses.Fiserv FY21 Form 10-K, Acquisitions note

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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