Wednesday, May 16, 2007 , Updated
Dallas-based TransFirst sold to Welsh, Carson, Anderson & Stowe for $683 million
DALLAS — GTCR, a leading private equity firm, announced that it has entered into an agreement to sell TransFirst to Welsh, Carson, Anderson & Stowe for $683 million. TransFirst is the Dallas-based provider of transaction processing services and payment enabling technologies. The company currently processes approximately $25 billion in annual sales volume for more than 155,000 merchants and 965 financial institutions.
Originally founded as ACS Merchant Services in 1995, GTCR partnered with TransFirst CEO Thomas Rouse to re-capitalize the company in 2000.
“We are very proud of our role as a partner to Tommy Rouse and the rest of the TransFirst management team during this exciting growth phase, including support of the company’s successful acquisition strategy,” said GTCR Principal Craig Bondy. “We have enjoyed an outstanding partnership with management, and the new relationship with Welsh, Carson represents an exciting new chapter in the TransFirst story.”
Source: TransFirst
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