Posted May 14, 2021
REPAY, which works in vertically-integrated payment solutions, will be acquiring BillingTree for $503 million, according to a press release.
In terms of the transaction, the price tag will include $275 million from REPAY’s balance sheet in cash, and $228 million in newly issued Class A common stock, the release stated.
REPAY CEO John Morris said in the release that he looks forward “to further expanding our position in healthcare, credit unions and accounts receivable management with the help of BillingTree’s team and strong platform capabilities.”
The acquisition will improve REPAY’s scale and client diversity, according to the release.
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