Global Payments Divests Payroll Unit to Acrisure for $1.1 Billion
Deal News | May 28, 2025 | Wachtell, Lipton, Rosen & Katz
On May 28, 2025, Global Payments Inc., a key player in the payment technology and software solutions sector, reached an agreement to sell its payroll business to Acrisure for $1.1 billion. Global Payments, listed on the NYSE with the ticker symbol GPN, has decided to divest its payroll unit to concentrate more on their core operations within the payment technology and software sectors. Acrisure, a significant entity in its own right, sees the acquisition as a strategic move to expand its service offerings. The legal intricacies of the transaction were advised upon by leading law firm Wachtell, Lipton, Rosen & Katz. This sale underscores continued interest in the M&A market as companies refine their operations through strategic acquisitions and divestitures. The success of this divestiture will position Global Payments more competitively within its industry while allowing Acrisure to broaden its market footprint.
Sectors
- Financial Services
- Payment Technology
- Mergers & Acquisitions
Geography
- United States – The companies involved, Global Payments and Acrisure, as well as the advisory firm, Wachtell, Lipton, Rosen & Katz, are based in the United States, hence this geography is crucial to the context of the article.
Industry
- Financial Services – Global Payments and Acrisure operate within the financial services industry, focusing on payment solutions and insurance brokerage services, respectively.
- Payment Technology – Global Payments is a prominent provider in the payment technology industry, which is directly relevant to its operations and strategic focus post-divestment.
- Mergers & Acquisitions – The article is centered around a significant M&A transaction, showcasing the industry involved in corporate strategic maneuvers.
Financials
- $1.1 billion – The sale price for Global Payments' payroll business to Acrisure.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Global Payments Inc. | Target Company | Company | A leading worldwide provider of payment technology and software solutions. |
| Acrisure | Bidding Company (Buyer) | Company | A significant entity acquiring Global Payments' payroll business to broaden its service offerings. |
| Wachtell, Lipton, Rosen & Katz | Legal Advisor | Company | Advised Global Payments on the legal intricacies of the transaction. |