DeLuxe Co.

Deluxe has appointed Kevin Jones, founder of Celero Commerce, as president of its merchant services division. Before its acquisition, Celero processed more than $28 billion in annual transaction volume for 175 bank partners and 55,000 small-business customers, making Deluxe—according to the Nilson Report—one of the ten largest non-bank merchant acquirers. Jones brings experience from First American Payment Systems and Anovia Payments; Deluxe processes more than $2 trillion in payments annually. » More on de.investing.com

Deluxe has completed the acquisition of Celero Commerce, expanding its Deluxe Merchant Services business. The transaction creates a payments platform with annual gross transaction volume of more than $70 billion and brings over 55,000 merchant relationships and 130 bank partners into the existing base. Deluxe expects positive impacts on adjusted earnings per share in the first full year and has identified cost synergies of more than $15 million; an updated full-year 2026 forecast will be released with the Q2 results. » More on de.investing.com

Deluxe has signed a definitive agreement to acquire Celero Commerce for $625 million; the purchase price includes additional seller transaction costs and adjustments. Celero generated more than $200 million in revenue in 2025 with an adjusted EBITDA margin of 28%. The all-cash transaction will be financed by committed debt financing (including a $375 million term loan A) and the existing revolving credit facility. Deluxe expects combined net leverage of about 3.9x at closing and plans to reduce this to below 3.0x within 24 months; cost synergies of more than $15 million are also expected. The acquisition should shift the revenue mix more toward payments and data and be accretive to adjusted EPS in the first year; closing is expected in Q3 2026, subject to regulatory approvals. » More on de.investing.com