News

TSYS to acquire TransFirst for $2.3B

When the transaction closes in Q2, TSYS will become the 6th largest US acquirer based on net revenue, the company says.

February 1, 2016

TSYS, a payment solutions provider, has entered into a definitive agreement with Vista Equity Partners to acquire TransFirst, a U.S. merchant solutions provider in the Vista portfolio, in an all-cash transaction valued at approximately $2.35 billion.

TransFirst delivers merchant solutions to more than 235,000 small and medium-size businesses in the U.S.

According to a press release, the transaction enhances TSYS' offering and position in the high-growth areas of integrated payments, e-commerce and omnichannel services. TransFirst has approximately 1,000 employees with offices throughout the U.S.

With the transaction finalized, TSYS will become the 6th largest U.S acquirer based on net revenue, supporting more than 645,000 merchant outlets.

The transaction is expected to close in Q2.