AcquisitionsJul 31, 2026, 04:56 PM
Deluxe Closes Transformative Celero Commerce Acquisition
AI Summary
Deluxe Corporation announced the completion of its transformative acquisition of Celero Commerce, a financial technology company, on July 31, 2026. This strategic move significantly expands Deluxe Merchant Services, aiming to process over $70 billion in annual gross transaction volume and positioning Deluxe among the top non-bank merchant acquirers. The acquisition is expected to be accretive to adjusted EPS in the first full year, with over $15 million in identified cost synergies. The company financed the acquisition through a new $400.0 million revolving credit facility and an $800.0 million term loan facility.
Key Highlights
- Deluxe completed the acquisition of Celero Commerce on July 31, 2026.
- The acquisition is expected to process over $70 billion of annual gross transaction volume.
- It is expected to be accretive to adjusted EPS in the first full year post-closing.
- Over $15 million in expected cost synergies have been identified.
- The transaction adds over 55,000 merchant relationships and 130 bank partners.
- A new $400.0 million senior secured first lien revolving credit facility was established.
- A new $800.0 million senior secured first lien term loan facility was established.
- Term Loan Facility repayment starts Dec 2026, with final maturity on July 31, 2031.
Price Impact
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