Home Merger & Acquisitions Vantiv to Acquire Moneris USA for $425 Million
formats

Vantiv to Acquire Moneris USA for $425 Million

Vantiv, one of the largest payment processors in the U.S., will expand their merchant client-base with the acquisition of Moneris USA for $425 million from Moneris Solutions Corporation. This major acquisition comes just over four years after Vantiv acquired Litle & Co. for $361 million.

Working with over 800,000 merchants and 1,400 financial institutions Vantiv is currently the second largest payment processor in the U.S., and seeks to grow further with the acquisition of Moneris Solutions, Inc., the U.S. subsidiary of Moneris Solutions Corporation, a joint venture between BMO Financial Group and Royal Bank Canada.

 

Read More

 
Comments Off on Vantiv to Acquire Moneris USA for $425 Million.
© The Fraud Practice LLC 2012