Troutman Pepper represented Payroc WorldAccess LLC (Payroc), an omni-channel payments provider, in its acquisition of the merchant services business of i3 Verticals, LLC (i3), along with related payments software and technology solutions. Read a company press release about the acquisition agreement.
Payroc is a high-growth merchant acquirer, processor, and payment integrations powerhouse that offers best-in-class sales enablement and payment processing technology on a global scale, delivering proprietary, innovative, and full-service merchant acquiring solutions together with key card brand network payment sponsorship registrations. The strategic acquisition, announced in June 2024, has strengthened Payroc’s capacity to provide comprehensive payment solutions to a broader range of partners and merchants. Payroc now processes more than $115 billion of annual processing volume for approximately 190,000 merchant customers across the United States, Canada, the Caribbean, the U.K., and the EU.
The Troutman Pepper team counseling Payroc in the transaction included Brad R. Resweber, Mark T. Wilhelm, Peter N. Dragna, Monica Q. Vu, Valentina Rivera, Samer A. Roshdy, James E. Schutz, Lauren G. Alvarez, Barbara T. Sicalides, Emily Schifter, Kristalyn Lee, Brent T. Hoard, Aileen Ng, Michael J. Crumbock, Joan C. Arnold, Thomas Gray, and Stefanie L. Brennan.