First Data Corporation to acquire BluePay for $760 million
This isincluding TA Associates and BluePay management, for $760 million in cash, subject to adjustments.
The transaction is expected to be modestly accretive in the first full year post-closing, before expected synergies.
BluePay, a provider of technology-enabled payment processing for merchants in the U.S. and Canada, is one of First Data’s largest distribution partners with a strong focus on software-enabled payments and Card-Not-Present transactions.
BluePay processes approximately $19 billion of annual volume for more than 77,000 merchants and is integrated into more than 450 software platforms. The company has software integration solutions that complement those offered through First Data’s CardConnect business. ■