熱門資訊> 正文
2022-01-03 21:30
08:26 AM EST, 01/03/2022 (MT Newswires) -- Repay Holdings (RPAY) said Monday it has acquired omni-channel payment technology platform Payix for up to $115 million.
Under the terms of the deal, $95 million will be paid at the closing of the deal, with up to $20 million more based on Payix's performance in 2022. Repay said Payix is expected to generate revenue of over $15 million, with gross and adjusted EBITDA margins of approximately 65% and 40%, respectively, with top line and gross profit growth of more than 40% annually through 2023.
The acquisition was financed with cash on hand and a available revolver capacity, which Repay increased to $185 million from $125 million.