Talus Completes Acquisition of Arizona-Based Prolific Business Solutions.
M2 EQUITYBITES-September 20, 2018-Talus Completes Acquisition of Arizona-Based Prolific Business Solutions
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19 September 2018 - Texas, US-based fintech payment solution provider Talus has completed its acquisition of Arizona, US-based business service provider Prolific Business Solutions, the company said.
Terms of the transaction were not disclosed.
Talus, a portfolio company of private equity firm Alvarez and Marsal (A and M) Capital Partners, has now completed three payment technology and portfolio acquisitions over the prior 18 months, and has committed an additional USD 250m of acquisition capital behind Talus CEO, Scott Cruickshank, and his management team.
The acquisition accelerates Talus' position as a leading payment solution provider to US small and medium businesses.
Talus is a technology-driven payment processor.
Prolific Business Solutions offers POS software, loyalty and rewards software, merchant services, digital marketing, e-commerce solutions and other business services.
A and M Capital invests in established and profitable companies within the middle-market. A and M Capital currently manages funds with commitments totaling approximately USD 2.2bn of private equity capital.
The firm has a strategic association with Alvarez and Marsal, an industry-leading corporate advisory firm focussed on consulting services which gives A and M Capital the distinctive capability to bring operational resources and support to the companies with which they partner.
The Strawhecker Group acted as portfolio advisors, and Winston and Strawn LLP as legal advisors to Talus. May Potenza Baran and Gillespie acted as legal advisers to Prolific Business Solutions.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Sep 20, 2018|
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