Payroc to merge with Parthenon-backed Payscape, NXGEN, BluePay Canada
Payroc LLC said Oct. 27 that it agreed to merge with Payscape, NXGEN International and BluePay Canada. Financial terms weren’t announced. Payroc, of Tinley Park, Illinois, is a merchant services and payment organization. Payscape, NXGEN and BluePay Canada are backed by Parthenon Capital. The new Payroc is a merchant acquirer, processor and payment facilitator that operates in 46 countries, processing $23 billion in annual charge volume for more than 55,000 merchants. Buyouts reported on Oct. 15 that Parthenon was investing in Payroc. Keefe, Bruyette & Woods (KBW), a Stifel company, provided financial advice to Payroc.
28 October 2019•4 mins read
