Troutman Pepper advised Payroc WorldAccess, LLC, a global payments leader, in its acquisition of Atlantic Merchant Services, LLC, a full-service merchant processing company based in Raleigh, North Carolina, by one of Payroc’s subsidiaries. Payroc is backed by private equity firm Parthenon Capital which assisted Payroc in completing this acquisition. Read a company press release about the transaction.
Payroc is a high-growth merchant acquirer, processor, and payment integrations powerhouse processing more than $80 billion in annual transaction volume in over 45+ markets, for more than 151,000 merchants. Atlantic Merchant and its sales partners work with the company’s financial institution referral partners to deliver modern, cost-effective payment technology solutions to merchants that help streamline business operations and improve customer experience and profitability. The new relationship will allow Atlantic Merchant to expand the opportunities it can provide its merchants and community bank partners.
The Troutman Pepper team advising Payroc in the acquisition included Partner Brad Resweber, Counsel Joel Post, and Associate Cody Mathis.