POST Integrations Goes On The Block, CEO Denies Sale: UPDATE
POST Integrations is the latest payment processor to go on the block with an unrealistic valuation, banking sources say. Phoenix-based POST Integrations, which provides credit card processing services for hotels across the nation, has hired Citadel as its financial adviser. POST has about $20 million EBITDA and is seeking bids of 12x, according to three people with knowledge of the situation. Mary Gerdts founded POST in 1991 and is currently the company’s CEO and president. POST’s customers include Hilton Hotels and Interstate Hotels.
18 October 2010•2 mins read
