William Blair acted as exclusive financial advisor to Sterling Payment Technologies, LLC in connection with its sale to EVO Payments International. The transaction was announced and completed on January 4, 2017, and exemplifies William Blair’s continued market leadership in the financial technology sector. William Blair is a leading advisor in the financial technology sector having completed more than 130 transactions since 2005 and has extensive experience with integrated payments companies, including the sale of PayPros, Accelerated Payment Technologies, and Auctionpay to Global Payments, the sale of SecureNet to Worldpay, and the recapitalization of REPAY by an institutional investor.
Transaction Highlights
- Deep sector knowledge and positioning expertise: Sterling Payment Technologies recognized William Blair’s extensive knowledge and experience in the financial technology sector, extensive transaction experience in the integrated payments market, and strong relationships with strategic and financial acquirers.
- Process and execution excellence: William Blair was integrally involved in each step of the transaction, resulting in a process that was preempted by a strategic acquirer with an exceptional outcome.
- Highly strategic transaction: The acquisition of Sterling Payment Technologies adds a robust integrated payments and B2B payments platform to EVO.
About the Companies
Founded in 2001, Sterling Payment Technologies is one of the most innovative, customer-focused payment processors in the industry today, nationally recognized for bringing the latest payment technologies and the most innovative payment solutions to merchants. Headquartered in Tampa, Fla., Sterling is represented in communities across the country by independent sales offices, an internal sales team, banks and point-of-sale (POS) equipment dealers.
EVO Payments International is a leading payments service provider of merchant acquiring and processing solutions for merchants, financial institutions, Independent Software Vendors (ISVs), Independent Sales Organizations (ISOs), government organizations and multinational corporations located throughout North America and Europe. A principal member of Visa and MasterCard, EVO offers an array of innovative, reliable and secure payments solutions and merchant services, backed by an uncompromising commitment to exceed the expectations of its customers and partners.
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