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FT Partners Advises TransNational on its Sale to Celero Commerce

Overview of Transaction

  • On October 28, 2020, TransNational (the “Company”) announced its sale to Celero Commerce
  • Headquartered in Rosemont, IL, TransNational is a leading provider of electronic payments technology and business management SaaS solutions, processing $5 bn in annual payments volume for ~15,000 small and mid-sized merchants across the United States
  • The Company’s Cashier Live product, a SaaS offering, delivers a comprehensive suite of business management solutions tailored to the healthcare and other specialty retail verticals
  • The Company brings tailored capabilities and solutions to a diverse set of attractive verticals including automotive, construction, field service, healthcare & pharmacy, retail, and recreation & fitness, among others
  • TransNational utilizes a highly effective direct sales force and network of integrated software vendors and referral partners to continually grow its merchant portfolio
  • Key shareholders and management of TransNational will become significant shareholders in Celero as part of the transaction, underscoring the combined team’s long-term commitment to customers and partners

Significance of Transaction

  • With the acquisition of TransNational, Celero will be a top-10 non-bank payment processor in the United States by volume, serving approximately 40,000 merchants, 150 financial institutions, and processing more than $14bn of card volume annually
  • Celero was formed through an investment from LLR Partners in 2018 and has since acquired six payments technology companies, including TransNational, as part of a broader strategy to provide full-service, integrated payments and e-commerce solutions for SMBs across the United States

FT Partners' Role

  • FT Partners served as exclusive financial and strategic advisor to TransNational
  • This transaction underscores FT Partners' deep payments domain expertise and successful track record in executing strategic transactions for its clients