Payroc Acquires PayiQ In Strategic Expansion

Deal News | Jul 24, 2025 | Troutman Pepper Locke, LLP

Troutman Pepper Locke, a prominent law firm known for its work with major industry players, has advised Payroc, a rapidly growing player in the merchant acquiring sector, on its agreement to acquire PayiQ. PayiQ, recognized for its cloud-enabled payment and order processing technology, will bolster Payroc's offerings by integrating a full suite of cloud payment services and robust security measures. The deal is structured to create direct connectivity with key card brands and other payment networks, enhancing Payroc's end-to-end processing solutions. This strategic acquisition is set to finalize in Q3 2025, assuming all customary conditions are met. Troutman Pepper Locke's involved team, led by Brad Resweber and Carmen Williams, continues to uphold its reputation for handling significant transactions for both Fortune 100 and middle market private equity clients.

Sectors

  • Financial Services
  • Legal Services
  • Technology

Geography

  • United States – Troutman Pepper Locke is headquartered in the US, and the acquisition involves US-based entities.

Industry

  • Financial Services – Relevant due to Payroc and PayiQ's roles in merchant acquiring and payment processing.
  • Legal Services – Troutman Pepper Locke is the advising law firm, signifying the legal industry involvement.
  • Technology – PayiQ is a cloud-enabled platform, representing the technology sector.

Financials

    Participants

    NameRoleTypeDescription
    PayrocAcquirerCompanyA merchant acquirer and payment solutions provider.
    PayiQTargetCompanyCloud-enabled payment and order processing platform.
    Troutman Pepper Locke LLPLegal AdvisorCompanyA law firm advising on the Payroc's acquisition of PayiQ.
    Brad ResweberAdvisorPersonLead advisor from Troutman Pepper Locke for the acquisition deal.
    Carmen WilliamsAdvisorPersonKey advisor from Troutman Pepper Locke working on the acquisition.