i3 Verticals to divest merchant payments business to Payroc in $440m deal
In a significant realignment of business strategy, i3 Verticals, Inc. (NASDAQ: IIIV) has agreed to sell its merchant of record payments business to Payroc WorldAccess, LLC for $440 million. The all-cash transaction, which includes i3 Verticals’ proprietary technology, is expected to close in the fiscal fourth quarter, subject to regulatory approvals and other customary closing […]